NAPCO Security Technologies (NASDAQ:NSSC) Director Sells 28,000 Shares

NAPCO Security Technologies, Inc. (NASDAQ:NSSC) Director Donna Anne Soloway sold 28,000 shares of the business’s stock in a transaction on Wednesday, August 26th. The stock was sold at an average price of $35.98, for a total value of $1,007,440.00. Following the sale, the director owned 20,962 shares in the company, valued at $754,212.76. This represents a 57.19% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

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

• On Thursday, August 27th, Donna Anne Soloway sold 20,962 shares of NAPCO Security Technologies stock. The shares were sold at an average price of $34.62, for a total value of $725,704.44.

NAPCO Security Technologies Stock Down 1.7%

Shares of NSSC stock traded down $0.61 during mid-day trading on Friday, reaching $34.67. 67,266 shares of the stock traded hands, compared to its average volume of 493,901. The stock’s fifty day simple moving average is $37.49 and its two-hundred day simple moving average is $39.85. NAPCO Security Technologies, Inc. has a 1-year low of $33.91 and a 1-year high of $51.77. The company has a market cap of $1.24 billion, a price-to-earnings ratio of 28.65 and a beta of 1.45.

NAPCO Security Technologies (NASDAQ:NSSC) last released its quarterly earnings data on Monday, August 24th. The industrial products company reported $0.50 earnings per share (EPS) for the quarter, beating the consensus estimate 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 firm’s revenue was up 10.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.33 earnings per share. On average, equities research analysts anticipate that NAPCO Security Technologies, Inc. will post 1.66 EPS for the current fiscal year.

NAPCO Security Technologies Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 2nd. Shareholders of record on Friday, September 11th will be issued a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a yield of 2.0%. The ex-dividend date of this dividend is Friday, September 11th. This is a positive change from NAPCO Security Technologies’s previous quarterly dividend of $0.15. NAPCO Security Technologies’s payout ratio is presently 56.20%.

Institutional Investors Weigh In On NAPCO Security Technologies

A number of institutional investors have recently modified their holdings of NSSC. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in NAPCO Security Technologies by 4.4% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 20,899 shares of the industrial products company’s stock valued at $481,000 after buying an additional 885 shares during the period. Millennium Management LLC raised its position in shares of NAPCO Security Technologies by 62.4% in the 1st quarter. Millennium Management LLC now owns 769,789 shares of the industrial products company’s stock worth $17,721,000 after acquiring an additional 295,755 shares in the last quarter. Goldman Sachs Group Inc. raised its position in shares of NAPCO Security Technologies by 75.8% in the 1st quarter. Goldman Sachs Group Inc. now owns 589,290 shares of the industrial products company’s stock worth $13,565,000 after acquiring an additional 254,007 shares in the last quarter. Jane Street Group LLC lifted its stake in shares of NAPCO Security Technologies by 351.7% in the 1st quarter. Jane Street Group LLC now owns 98,221 shares of the industrial products company’s stock valued at $2,261,000 after purchasing an additional 76,478 shares during the period. Finally, Acadian Asset Management LLC acquired a new position in shares of NAPCO Security Technologies in the 1st quarter valued at about $91,000. 85.07% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the stock. DA Davidson set a $52.00 price target on shares of NAPCO Security Technologies in a research note on Tuesday. Wall Street Zen downgraded NAPCO Security Technologies from a “buy” rating to a “hold” rating in a report on Saturday, July 4th. TD Cowen reiterated a “buy” rating and issued a $53.00 price target (up from $50.00) on shares of NAPCO Security Technologies in a research report on Tuesday, May 5th. Benchmark reiterated a “buy” rating on shares of NAPCO Security Technologies in a research report on Tuesday. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of NAPCO Security Technologies in a research note on Friday, August 7th. Six investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target 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.