NAPCO Security Technologies (NASDAQ:NSSC) CEO Richard Soloway Sells 129,682 Shares

NAPCO Security Technologies, Inc. (NASDAQ:NSSC) CEO Richard Soloway sold 129,682 shares of the business’s stock in a transaction that occurred on Monday, March 2nd. The stock was sold at an average price of $44.99, for a total transaction of $5,834,393.18. Following the sale, the chief executive officer owned 1,152,276 shares of the company’s stock, valued at $51,840,897.24. This represents a 10.12% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Richard Soloway also recently made the following trade(s):

• On Thursday, February 5th, Richard Soloway sold 150,000 shares of NAPCO Security Technologies stock. The shares were sold at an average price of $42.74, for a total transaction of $6,411,000.00.

NAPCO Security Technologies Price Performance

NASDAQ NSSC opened at $43.40 on Wednesday. The firm’s fifty day moving average price is $42.10 and its 200 day moving average price is $41.81. NAPCO Security Technologies, Inc. has a 12 month low of $19.00 and a 12 month high of $48.12. The company has a market capitalization of $1.55 billion, a price-to-earnings ratio of 32.63 and a beta of 1.45.

NAPCO Security Technologies (NASDAQ:NSSC) last announced its quarterly earnings results on Monday, February 2nd. The industrial products company reported $0.38 earnings per share for the quarter, beating analysts’ consensus estimates of $0.33 by $0.05. NAPCO Security Technologies had a net margin of 24.70% and a return on equity of 27.45%. The firm had revenue of $48.17 million during the quarter, compared to analysts’ expectations of $47.82 million. During the same period in the previous year, the company earned $0.28 earnings per share. NAPCO Security Technologies’s quarterly revenue was up 12.4% compared to the same quarter last year. As a group, sell-side analysts forecast that NAPCO Security Technologies, Inc. will post 1.24 earnings per share for the current year.

NAPCO Security Technologies Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, April 3rd. Stockholders of record on Thursday, March 12th will be issued a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 1.4%. The ex-dividend date of this dividend is Thursday, March 12th. This is an increase from NAPCO Security Technologies’s previous quarterly dividend of $0.14. NAPCO Security Technologies’s dividend payout ratio (DPR) is presently 42.11%.

Analyst Ratings Changes

Several research analysts have commented on the company. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of NAPCO Security Technologies in a research report on Wednesday, January 28th. DA Davidson reissued a “buy” rating and issued a $50.00 price objective on shares of NAPCO Security Technologies in a report on Tuesday, February 3rd. Finally, Needham & Company LLC restated a “buy” rating and set a $49.00 target price (up from $47.00) on shares of NAPCO Security Technologies in a research report on Monday, February 2nd. Six investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, NAPCO Security Technologies currently has a consensus rating of “Moderate Buy” and a consensus target price of $47.83.

Hedge Funds Weigh In On NAPCO Security Technologies

Large investors have recently bought and sold shares of the company. Cornerstone Planning Group LLC acquired a new position in shares of NAPCO Security Technologies during the third quarter worth about $25,000. IFP Advisors Inc lifted its position in NAPCO Security Technologies by 193.3% in 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 period. Maseco LLP purchased a new stake in NAPCO Security Technologies in the 4th quarter valued at approximately $25,000. Exchange Traded Concepts LLC purchased a new stake in NAPCO Security Technologies in the 3rd quarter valued at approximately $26,000. Finally, State of Wyoming acquired a new position in NAPCO Security Technologies during the 3rd quarter worth approximately $41,000. Hedge funds and other institutional investors own 85.07% of the company’s stock.

About NAPCO Security Technologies

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.