NAPCO Security Technologies (NASDAQ:NSSC) Posts Quarterly Earnings Results, Misses Expectations By $0.04 EPS

NAPCO Security Technologies (NASDAQ:NSSC) released its quarterly earnings data on Monday. The industrial products company reported $0.34 EPS for the quarter, missing analysts’ consensus estimates of $0.38 by ($0.04), Zacks reports. NAPCO Security Technologies had a net margin of 21.27% and a return on equity of 31.41%.

NAPCO Security Technologies Price Performance

NSSC opened at $39.35 on Monday. NAPCO Security Technologies has a 52 week low of $33.91 and a 52 week high of $51.77. The business has a fifty day simple moving average of $36.51 and a 200-day simple moving average of $39.11. The firm has a market cap of $1.41 billion, a P/E ratio of 32.52 and a beta of 1.49.

NAPCO Security Technologies Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, October 2nd. Stockholders of record on Friday, September 11th were given a dividend of $0.17 per share. This is an increase from NAPCO Security Technologies’s previous quarterly dividend of $0.15. This represents a $0.68 annualized dividend and a dividend yield of 1.7%. The ex-dividend date was Friday, September 11th. NAPCO Security Technologies’s dividend payout ratio (DPR) is 56.20%.

Insider Buying and Selling at NAPCO Security Technologies

In related news, Director Donna Soloway sold 20,962 shares of the stock in a transaction dated Thursday, August 27th. The stock was sold at an average price of $34.62, for a total transaction of $725,704.44. Following the transaction, the director owned 20,962 shares of the company’s stock, valued at approximately $725,704.44. This represents a 50.00% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Chairman Richard Soloway sold 379,529 shares of the firm’s stock in a transaction dated Thursday, August 27th. The shares were sold at an average price of $34.50, for a total value of $13,093,750.50. Following the transaction, the chairman owned 621,958 shares of the company’s stock, valued at $21,457,551. This trade represents a 37.90% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 523,962 shares of company stock worth $18,257,168 in the last quarter. Company insiders own 2.96% of the company’s stock.

Wall Street Analysts Forecast Growth

NSSC has been the subject of a number of research analyst reports. DA Davidson set a $52.00 price target on NAPCO Security Technologies in a report on Tuesday, August 25th. Weiss Ratings upgraded shares of NAPCO Security Technologies from a “hold (c)” rating to a “hold (c+)” rating in a report on Thursday, October 8th. Needham & Company LLC reaffirmed a “buy” rating and issued a $49.00 target price on shares of NAPCO Security Technologies in a research report on Friday, August 21st. Finally, Benchmark reaffirmed a “buy” rating on shares of NAPCO Security Technologies in a research note on Tuesday, August 25th. Four investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $51.33.

About NAPCO Security Technologies

NAPCO Security Technologies, Inc develops, manufactures and sells electronic security products and solutions for commercial, institutional, industrial and residential applications. Its offerings include intrusion alarm systems, access control systems, fire alarm products, locking systems and related communications technologies.

The company markets products under brands that include NAPCO, StarLink, Alarm Lock, Continental Instruments and Firewolf. Its solutions are designed to support security dealers, alarm monitoring providers, systems integrators and other professional-channel customers, including applications in schools, healthcare facilities, businesses and government buildings.

Founded in 1969, NAPCO is headquartered in Amityville, New York.