NAPCO Security Technologies (NASDAQ:NSSC) Chairman Richard Soloway Sells 95,471 Shares of Stock

NAPCO Security Technologies, Inc. (NASDAQ:NSSC) Chairman Richard Soloway sold 95,471 shares of the firm’s stock in a transaction dated Wednesday, August 26th. The shares were sold at an average price of $35.93, for a total transaction of $3,430,273.03. Following the completion of the sale, the chairman owned 1,001,487 shares in the company, valued at $35,983,427.91. This represents a 8.70% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.

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

• On Thursday, August 27th, Richard Soloway sold 379,529 shares of NAPCO Security Technologies stock. The stock was sold at an average price of $34.50, for a total transaction of $13,093,750.50.

NAPCO Security Technologies Price Performance

Shares of NSSC stock opened at $35.35 on Friday. NAPCO Security Technologies, Inc. has a 1-year low of $33.91 and a 1-year high of $51.77. The company has a market cap of $1.26 billion, a price-to-earnings ratio of 29.21 and a beta of 1.45. The stock’s fifty day moving average price is $37.44 and its 200 day moving average price is $39.81.

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. The firm had revenue of $55.81 million for the quarter, compared to the consensus estimate of $52.51 million. NAPCO Security Technologies had a net margin of 21.27% and a return on equity of 31.41%. The company’s revenue for the quarter was up 10.1% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.33 earnings per share. As a group, equities research analysts anticipate that NAPCO Security Technologies, Inc. will post 1.66 earnings per share for the current year.

NAPCO Security Technologies Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, October 2nd. Shareholders of record on Friday, September 11th will be paid a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a yield of 1.9%. The ex-dividend date is Friday, September 11th. This is a boost from NAPCO Security Technologies’s previous quarterly dividend of $0.15. NAPCO Security Technologies’s dividend payout ratio (DPR) is presently 49.59%.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the company. Benchmark reaffirmed a “buy” rating on shares of NAPCO Security Technologies in a research report on Tuesday. TD Cowen reissued a “buy” rating and set a $53.00 target price (up from $50.00) on shares of NAPCO Security Technologies in a research note on Tuesday, May 5th. Needham & Company LLC reiterated a “buy” rating and set a $49.00 price target on shares of NAPCO Security Technologies in a research report on Friday, August 21st. Weiss Ratings reiterated a “hold (c)” rating on shares of NAPCO Security Technologies in a report on Friday, August 7th. Finally, Wall Street Zen downgraded NAPCO Security Technologies from a “buy” rating to a “hold” rating in a research note on Saturday, July 4th. Six investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $50.40.

Institutional Investors Weigh In On NAPCO Security Technologies

Large investors have recently added to or reduced their stakes in the business. BlackRock Inc. purchased a new stake in shares of NAPCO Security Technologies during the second quarter worth $213,928,000. Jupiter Topco LLC acquired a new stake in shares of NAPCO Security Technologies during the 2nd quarter worth about $63,855,000. California State Teachers Retirement System lifted its position in shares of NAPCO Security Technologies by 2,978.8% during 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 buying an additional 1,444,612 shares during the last quarter. Arrowstreet Capital Limited Partnership lifted its position in NAPCO Security Technologies by 668.4% in the third quarter. Arrowstreet Capital Limited Partnership now owns 861,141 shares of the industrial products company’s stock valued at $36,986,000 after acquiring an additional 749,065 shares during the last quarter. Finally, Copeland Capital Management LLC boosted its position in shares of NAPCO Security Technologies by 41.4% in the 1st 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 during the period. 85.07% of the stock is owned by hedge funds and other institutional investors.

More NAPCO Security Technologies News

Here are the key news stories impacting NAPCO Security Technologies this week:

• Negative Sentiment: Chairman Richard Soloway sold a combined 475,000 shares on August 26 and 27 for approximately $16.5 million. The transactions reduced his direct ownership by roughly 46%, leaving him with 621,958 shares. The size of the sales may concern investors because they came from a senior executive, although the filings do not state the reason for the transactions. SEC filing for Richard Soloway stock sales
• Negative Sentiment: Director Donna Anne Soloway sold 48,962 shares across the same two sessions for approximately $1.7 million, cutting her holdings to 20,962 shares. The combined insider sales totaled 523,962 shares and more than $18.2 million in proceeds. SEC filing for Donna Anne Soloway stock sales
• Negative Sentiment: NSSC shares hit a new 52-week low, reinforcing concerns about momentum. The stock is trading below both its 50-day and 200-day moving averages, indicating continued technical weakness. NAPCO Security Technologies hits new 52-week low

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.