NAPCO Security Technologies (NASDAQ:NSSC) Director Donna Anne Soloway Sells 20,962 Shares

NAPCO Security Technologies, Inc. (NASDAQ:NSSC) Director Donna Anne Soloway sold 20,962 shares of NAPCO Security Technologies stock in a transaction on Thursday, August 27th. The shares were sold at an average price of $34.62, for a total value of $725,704.44. Following the sale, the director directly owned 20,962 shares of the company’s stock, valued at approximately $725,704.44. The trade was a 50.00% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Donna Anne Soloway also recently made the following trade(s):

• On Wednesday, August 26th, Donna Anne Soloway sold 28,000 shares of NAPCO Security Technologies stock. The shares were sold at an average price of $35.98, for a total value of $1,007,440.00.

NAPCO Security Technologies Price Performance

Shares of NSSC stock opened at $35.35 on Friday. NAPCO Security Technologies, Inc. has a fifty-two week low of $33.91 and a fifty-two week high of $51.77. The stock’s 50-day moving average is $37.44 and its two-hundred day moving average is $39.81. The firm has a market cap of $1.26 billion, a P/E ratio of 29.21 and a beta of 1.45.

NAPCO Security Technologies (NASDAQ:NSSC) last posted its quarterly earnings results on Monday, August 24th. The industrial products company reported $0.50 earnings per share for the quarter, topping analysts’ consensus estimates of $0.39 by $0.11. The company had revenue of $55.81 million during the quarter, compared to the consensus estimate of $52.51 million. NAPCO Security Technologies had a return on equity of 31.41% and a net margin of 21.27%.The business’s quarterly revenue was up 10.1% on a year-over-year basis. During the same period last year, the business earned $0.33 EPS. As a group, research analysts expect that NAPCO Security Technologies, Inc. will post 1.66 EPS for the current year.

NAPCO Security Technologies Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 2nd. Investors of record on Friday, September 11th will be issued a $0.17 dividend. This is an increase from NAPCO Security Technologies’s previous quarterly dividend of $0.15. This represents a $0.68 dividend on an annualized basis and a yield of 1.9%. The ex-dividend date is Friday, September 11th. NAPCO Security Technologies’s dividend payout ratio is currently 49.59%.

Institutional Investors Weigh In On NAPCO Security Technologies

A number of large investors have recently added to or reduced their stakes in NSSC. IFP Advisors Inc grew its holdings in NAPCO Security Technologies by 193.3% during the third quarter. IFP Advisors Inc now owns 572 shares of the industrial products company’s stock valued at $25,000 after purchasing an additional 377 shares during the last quarter. KBC Group NV acquired a new stake in shares of NAPCO Security Technologies in the first quarter worth $26,000. Advisory Services Network LLC acquired a new stake in shares of NAPCO Security Technologies in the third quarter worth $41,000. Blue Trust Inc. bought a new stake in shares of NAPCO Security Technologies during the 1st quarter worth $44,000. Finally, Acadian Asset Management LLC bought a new stake in shares of NAPCO Security Technologies during the 1st quarter worth $91,000. Institutional investors own 85.07% of the company’s stock.

Key NAPCO Security Technologies News

Here are the key news stories impacting NAPCO Security Technologies this week:

• Negative Sentiment: Chairman Richard Soloway sold a combined 475,000 shares on August 26 and 27 for approximately $16.5 million. The transactions reduced his direct ownership by roughly 46%, leaving him with 621,958 shares. The size of the sales may concern investors because they came from a senior executive, although the filings do not state the reason for the transactions. SEC filing for Richard Soloway stock sales
• Negative Sentiment: Director Donna Anne Soloway sold 48,962 shares across the same two sessions for approximately $1.7 million, cutting her holdings to 20,962 shares. The combined insider sales totaled 523,962 shares and more than $18.2 million in proceeds. SEC filing for Donna Anne Soloway stock sales
• Negative Sentiment: NSSC shares hit a new 52-week low, reinforcing concerns about momentum. The stock is trading below both its 50-day and 200-day moving averages, indicating continued technical weakness. NAPCO Security Technologies hits new 52-week low

Analyst Upgrades and Downgrades

Several research firms have commented on NSSC. Weiss Ratings reissued a “hold (c)” rating on shares of NAPCO Security Technologies in a research report on Friday, August 7th. Benchmark restated a “buy” rating on shares of NAPCO Security Technologies in a report on Tuesday. TD Cowen reaffirmed a “buy” rating and issued a $53.00 price objective (up from $50.00) on shares of NAPCO Security Technologies in a research note on Tuesday, May 5th. Wall Street Zen cut shares of NAPCO Security Technologies from a “buy” rating to a “hold” rating in a report on Saturday, July 4th. Finally, DA Davidson set a $52.00 price objective on shares of NAPCO Security Technologies in a report on Tuesday. Six research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $50.40.

NAPCO Security Technologies Company Profile

NAPCO Security Technologies, Inc (NASDAQ: NSSC) is a designer and manufacturer of electronic security solutions for commercial and residential applications. The company’s product portfolio spans intrusion and fire alarm control panels, alarm communicators, access control locks and readers, as well as a broad range of peripheral modules and integrated security accessories. NAPCO’s offerings are engineered to deliver scalable, networked security systems suitable for new installations and retrofit projects alike.

Key product lines include hybrid alarm control panels that support both wired and wireless peripherals, cellular and IP alarm communicators for reliable central station reporting, and the acclaimed “Alarm Lock” series of standalone and networked electronic door locks.