NAPCO Security Technologies (NASDAQ:NSSC) Director Sells $725,704.44 in Stock

NAPCO Security Technologies, Inc. (NASDAQ:NSSC) Director Donna Anne Soloway sold 20,962 shares of the company’s stock in a transaction that occurred on Thursday, August 27th. The stock was sold at an average price of $34.62, for a total value of $725,704.44. Following the transaction, the director directly owned 20,962 shares of the company’s stock, valued at approximately $725,704.44. The trade was a 50.00% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

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

• On Wednesday, August 26th, Donna Anne Soloway sold 28,000 shares of NAPCO Security Technologies stock. The shares were sold at an average price of $35.98, for a total transaction of $1,007,440.00.

NAPCO Security Technologies Price Performance

NASDAQ NSSC traded down $0.61 on Friday, hitting $34.67. The company had a trading volume of 67,266 shares, compared to its average volume of 493,901. The company has a market capitalization of $1.24 billion, a PE ratio of 28.65 and a beta of 1.45. The company’s fifty day moving average price is $37.49 and its 200-day moving average price is $39.85. NAPCO Security Technologies, Inc. has a 12-month low of $33.91 and a 12-month high of $51.77.

NAPCO Security Technologies (NASDAQ:NSSC) last posted 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. NAPCO Security Technologies had a net margin of 21.27% and a return on equity of 31.41%. The business had revenue of $55.81 million for the quarter, compared to the consensus estimate of $52.51 million. During the same period last year, the firm posted $0.33 earnings per share. The company’s revenue was up 10.1% compared to the same quarter last year. On average, sell-side analysts anticipate that NAPCO Security Technologies, Inc. will post 1.66 EPS for the current year.

NAPCO Security Technologies Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, October 2nd. Investors of record on Friday, September 11th will be paid a $0.17 dividend. The ex-dividend date of this dividend is Friday, September 11th. This represents a $0.68 dividend on an annualized basis and a yield of 2.0%. This is a boost from NAPCO Security Technologies’s previous quarterly dividend of $0.15. NAPCO Security Technologies’s dividend payout ratio is 56.20%.

Hedge Funds Weigh In On NAPCO Security Technologies

Institutional investors and hedge funds have recently bought and sold shares of the business. BlackRock Inc. purchased a new stake in NAPCO Security Technologies during the 2nd quarter valued at about $213,928,000. Jupiter Topco LLC purchased a new position in NAPCO Security Technologies in the 2nd quarter worth approximately $63,855,000. California State Teachers Retirement System lifted its stake in NAPCO Security Technologies by 2,978.8% in the 2nd quarter. California State Teachers Retirement System now owns 1,493,108 shares of the industrial products company’s stock worth $56,708,000 after purchasing an additional 1,444,612 shares in the last quarter. Arrowstreet Capital Limited Partnership boosted its holdings in shares of NAPCO Security Technologies by 668.4% during the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 861,141 shares of the industrial products company’s stock worth $36,986,000 after purchasing an additional 749,065 shares during the last quarter. Finally, Copeland Capital Management LLC grew its position in shares of NAPCO Security Technologies by 41.4% in the first quarter. Copeland Capital Management LLC now owns 2,009,089 shares of the industrial products company’s stock valued at $79,138,000 after purchasing an additional 588,297 shares in the last quarter. 85.07% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the company. Wall Street Zen lowered NAPCO Security Technologies from a “buy” rating to a “hold” rating in a research note on Saturday, July 4th. Weiss Ratings restated a “hold (c)” rating on shares of NAPCO Security Technologies in a research report on Friday, August 7th. Needham & Company LLC reaffirmed a “buy” rating and issued a $49.00 price target on shares of NAPCO Security Technologies in a research note on Friday, August 21st. Benchmark reiterated a “buy” rating on shares of NAPCO Security Technologies in a research report on Tuesday. Finally, DA Davidson set a $52.00 price objective on NAPCO Security Technologies in a research note on Tuesday. Six research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price 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.