ADT (NYSE:ADT) Stock Jumps 8.6% – Time to Buy?

ADT Inc. (NYSE:ADT) shares shot up 8.6% during mid-day trading on Wednesday. The stock traded as high as $7.60 and last traded at $7.4580. 11,993,362 shares changed hands during trading, an increase of 26% from the average daily volume of 9,546,365 shares. The stock had previously closed at $6.87.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on ADT. BTIG Research began coverage on ADT in a research note on Monday, August 17th. They issued a “neutral” rating for the company. Weiss Ratings restated a “hold (c)” rating on shares of ADT in a report on Tuesday, October 13th. Finally, Morgan Stanley cut their target price on shares of ADT from $7.75 to $7.25 and set an “equal weight” rating for the company in a research note on Tuesday, October 13th. Two research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $8.13.

ADT Stock Up 9.1%

The firm’s fifty day moving average is $6.88 and its 200-day moving average is $7.08. The company has a market capitalization of $5.48 billion, a P/E ratio of 10.50 and a beta of 1.04. The company has a debt-to-equity ratio of 2.14, a quick ratio of 0.52 and a current ratio of 0.69.

ADT (NYSE:ADT) last issued its earnings results on Thursday, July 30th. The security and automation business reported $0.23 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.22 by $0.01. ADT had a return on equity of 18.99% and a net margin of 11.85%. The business had revenue of $1.31 billion during the quarter, compared to analysts’ expectations of $1.29 billion. During the same quarter in the prior year, the firm earned $0.23 EPS. The business’s revenue for the quarter was up 1.9% compared to the same quarter last year. ADT has set its FY 2026 guidance at 0.910-0.910 EPS. As a group, equities research analysts predict that ADT Inc. will post 0.90 EPS for the current year.

ADT Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 1st. Stockholders of record on Thursday, September 10th were given a dividend of $0.0550 per share. The ex-dividend date was Thursday, September 10th. This represents a $0.22 annualized dividend and a dividend yield of 2.9%. ADT’s dividend payout ratio is 30.99%.

Institutional Trading of ADT

Several hedge funds have recently modified their holdings of ADT. PNC Financial Services Group Inc. increased its position in ADT by 151.4% in the 1st quarter. PNC Financial Services Group Inc. now owns 4,957 shares of the security and automation business’s stock valued at $33,000 after buying an additional 2,985 shares in the last quarter. Elevation Wealth Partners LLC lifted its stake in ADT by 1,646.1% during the 3rd quarter. Elevation Wealth Partners LLC now owns 6,094 shares of the security and automation business’s stock valued at $37,000 after acquiring an additional 5,745 shares in the last quarter. Parallel Advisors LLC increased its stake in ADT by 154.0% in the 1st quarter. Parallel Advisors LLC now owns 7,451 shares of the security and automation business’s stock valued at $49,000 after buying an additional 4,518 shares during the last quarter. GAMMA Investing LLC increased its position in shares of ADT by 129.6% during the 2nd quarter. GAMMA Investing LLC now owns 7,709 shares of the security and automation business’s stock valued at $50,000 after purchasing an additional 4,352 shares during the last quarter. Finally, Interchange Capital Partners LLC bought a new position in shares of ADT during the 3rd quarter valued at approximately $63,000. Institutional investors own 87.22% of the company’s stock.

ADT Company Profile

ADT Inc is a security and smart-home services company that provides monitored protection and automation solutions for residential and commercial customers. Its offerings include professionally installed security systems, 24-hour alarm monitoring, video surveillance, fire and life-safety systems, access control, home automation and related emergency response services.

The company serves customers primarily in the United States, offering solutions designed to help protect homes, businesses and other facilities from burglary, fire and other risks.