Napco Security Technologies, Inc. (NASDAQ:NSSC) Plans Quarterly Dividend of $0.13

Napco Security Technologies, Inc. (NASDAQ:NSSC) announced a quarterly dividend on Tuesday, February 4th,Wall Street Journal reports. Stockholders of record on Wednesday, March 12th will be paid a dividend of 0.125 per share by the industrial products company on Thursday, April 3rd. This represents a $0.50 annualized dividend and a dividend yield of 1.89%. The ex-dividend date of this dividend is Wednesday, March 12th.

Napco Security Technologies has a dividend payout ratio of 27.2% meaning its dividend is sufficiently covered by earnings. Research analysts expect Napco Security Technologies to earn $2.07 per share next year, which means the company should continue to be able to cover its $0.50 annual dividend with an expected future payout ratio of 24.2%.

Napco Security Technologies Trading Down 1.9 %

NSSC traded down $0.51 during trading hours on Tuesday, hitting $26.42. 1,889,166 shares of the company’s stock were exchanged, compared to its average volume of 595,148. The firm has a market cap of $969.09 million, a P/E ratio of 19.43 and a beta of 1.64. Napco Security Technologies has a 12-month low of $25.51 and a 12-month high of $58.09. The firm has a 50 day moving average of $36.46 and a 200 day moving average of $41.18.

Napco Security Technologies (NASDAQ:NSSC) last posted its quarterly earnings results on Monday, February 3rd. The industrial products company reported $0.28 EPS for the quarter, missing the consensus estimate of $0.34 by ($0.06). The firm had revenue of $42.90 million for the quarter, compared to analyst estimates of $49.93 million. Napco Security Technologies had a return on equity of 29.56% and a net margin of 26.43%. The company’s revenue was down 9.3% on a year-over-year basis. During the same quarter last year, the firm earned $0.34 EPS. As a group, research analysts expect that Napco Security Technologies will post 1.55 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the company. DA Davidson lowered their price objective on Napco Security Technologies from $55.00 to $48.00 and set a “buy” rating for the company in a research report on Tuesday, November 5th. TD Cowen cut shares of Napco Security Technologies from a “buy” rating to a “hold” rating and reduced their price target for the company from $46.00 to $27.00 in a research report on Tuesday. Needham & Company LLC dropped their price objective on Napco Security Technologies from $52.00 to $40.00 and set a “buy” rating on the stock in a report on Tuesday. Craig Hallum downgraded Napco Security Technologies from a “buy” rating to a “hold” rating and set a $28.00 price objective for the company. in a report on Tuesday. Finally, Lake Street Capital cut their target price on shares of Napco Security Technologies from $60.00 to $41.00 and set a “buy” rating on the stock in a report on Tuesday, November 5th. Five investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $39.14.

Napco Security Technologies Company Profile

Napco Security Technologies, Inc develops, manufactures, and sells electronic security systems for commercial, residential, institutional, industrial, and governmental applications in the United States and internationally. Its access control systems include various types of identification readers, control panels, PC-based computers, and electronically activated door-locking devices; intrusion and fire alarm systems, consists of various detectors, a control panel, a digital keypad and signaling equipment; and door locking devices comprise microprocessor-based electronic door locks with push button, card readers and bio-metric operation, door alarms, mechanical door locks, and simple dead bolt locks.