Insider Selling: NAPCO Security Technologies (NASDAQ:NSSC) SVP Sells 19,000 Shares of Stock

NAPCO Security Technologies, Inc. (NASDAQ:NSSC) SVP Stephen Spinelli sold 19,000 shares of the firm’s stock in a transaction dated Monday, November 17th. The stock was sold at an average price of $40.25, for a total transaction of $764,750.00. Following the completion of the sale, the senior vice president owned 928 shares of the company’s stock, valued at $37,352. This trade represents a 95.34% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

NAPCO Security Technologies Price Performance

Shares of NSSC traded down $0.92 during mid-day trading on Tuesday, reaching $39.30. 173,401 shares of the company’s stock traded hands, compared to its average volume of 427,382. NAPCO Security Technologies, Inc. has a 12 month low of $19.00 and a 12 month high of $48.12. The stock has a market cap of $1.40 billion, a P/E ratio of 33.03 and a beta of 1.54. The stock’s 50-day moving average is $42.68 and its two-hundred day moving average is $34.61.

NAPCO Security Technologies (NASDAQ:NSSC) last released its earnings results on Monday, November 3rd. The industrial products company reported $0.34 earnings per share for the quarter, topping analysts’ consensus estimates of $0.30 by $0.04. NAPCO Security Technologies had a return on equity of 25.42% and a net margin of 23.90%.The business had revenue of $49.17 million for the quarter, compared to analyst estimates of $46.81 million. During the same quarter last year, the firm posted $0.29 earnings per share. The business’s revenue was up 11.8% compared to the same quarter last year. Research analysts predict that NAPCO Security Technologies, Inc. will post 1.24 earnings per share for the current year.

NAPCO Security Technologies Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, January 2nd. Shareholders of record on Friday, December 12th will be issued a $0.14 dividend. This represents a $0.56 annualized dividend and a dividend yield of 1.4%. The ex-dividend date is Friday, December 12th. NAPCO Security Technologies’s dividend payout ratio is currently 45.53%.

Institutional Trading of NAPCO Security Technologies

A number of hedge funds have recently added to or reduced their stakes in the company. CWM LLC boosted its stake in shares of NAPCO Security Technologies by 448.1% during the 1st quarter. CWM LLC now owns 10,699 shares of the industrial products company’s stock worth $246,000 after acquiring an additional 8,747 shares in the last quarter. Teachers Retirement System of The State of Kentucky raised its position in shares of NAPCO Security Technologies by 36.1% during the 1st quarter. Teachers Retirement System of The State of Kentucky now owns 37,019 shares of the industrial products company’s stock worth $852,000 after purchasing an additional 9,810 shares during the last quarter. Allianz Asset Management GmbH boosted its holdings in NAPCO Security Technologies by 43.6% in the 1st quarter. Allianz Asset Management GmbH now owns 101,508 shares of the industrial products company’s stock worth $2,337,000 after buying an additional 30,800 shares during the last quarter. Y Intercept Hong Kong Ltd increased its stake in NAPCO Security Technologies by 216.1% during the 1st quarter. Y Intercept Hong Kong Ltd now owns 43,355 shares of the industrial products company’s stock worth $998,000 after buying an additional 29,639 shares in the last quarter. Finally, Legato Capital Management LLC lifted its position in shares of NAPCO Security Technologies by 54.5% in the first quarter. Legato Capital Management LLC now owns 27,474 shares of the industrial products company’s stock valued at $632,000 after acquiring an additional 9,688 shares in the last quarter. 85.07% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

NSSC has been the subject of a number of research reports. Craig Hallum raised shares of NAPCO Security Technologies from a “hold” rating to a “buy” rating and set a $40.00 price objective for the company in a research note on Tuesday, August 26th. Mizuho set a $48.00 price target on NAPCO Security Technologies and gave the stock an “outperform” rating in a research report on Friday, October 17th. Wall Street Zen upgraded NAPCO Security Technologies from a “hold” rating to a “buy” rating in a research note on Saturday, August 30th. Zacks Research lowered shares of NAPCO Security Technologies from a “strong-buy” rating to a “hold” rating in a report on Thursday, November 6th. Finally, DA Davidson set a $50.00 price target on NAPCO Security Technologies and gave the company a “buy” rating in a research note on Wednesday, September 24th. Seven analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $47.50.

About NAPCO Security Technologies

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.