NAPCO Security Technologies (NASDAQ:NSSC) Announces Quarterly Earnings Results

NAPCO Security Technologies (NASDAQ:NSSC) issued its quarterly earnings results on Monday. The industrial products company reported $0.34 earnings per share for the quarter, missing the consensus estimate of $0.38 by ($0.04), Zacks reports. NAPCO Security Technologies had a return on equity of 31.41% and a net margin of 21.27%.

NAPCO Security Technologies Stock Performance

Shares of NSSC opened at $39.35 on Monday. NAPCO Security Technologies has a 1 year low of $33.91 and a 1 year high of $51.77. The stock has a 50-day simple moving average of $36.51 and a 200-day simple moving average of $39.11. The stock has a market capitalization of $1.41 billion, a PE ratio of 32.52 and a beta of 1.49.

NAPCO Security Technologies Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, October 2nd. Shareholders of record on Friday, September 11th were given a $0.17 dividend. The ex-dividend date of this dividend was Friday, September 11th. This represents a $0.68 dividend on an annualized basis and a yield of 1.7%. This is an increase from NAPCO Security Technologies’s previous quarterly dividend of $0.15. NAPCO Security Technologies’s dividend payout ratio is 56.20%.

Insider Buying and Selling at NAPCO Security Technologies

In related news, Chairman Richard Soloway sold 379,529 shares of the company’s stock in a transaction dated Thursday, August 27th. The stock was sold at an average price of $34.50, for a total value of $13,093,750.50. Following the completion of the sale, the chairman directly owned 621,958 shares of the company’s stock, valued at $21,457,551. This represents a 37.90% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Donna Soloway sold 28,000 shares of the company’s stock in a transaction on Wednesday, August 26th. The shares were sold at an average price of $35.98, for a total transaction of $1,007,440.00. Following the completion of the sale, the director owned 20,962 shares of the company’s stock, valued at approximately $754,212.76. This trade represents a 57.19% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 523,962 shares of company stock worth $18,257,168 in the last three months. 2.96% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

NSSC has been the topic of a number of research reports. Benchmark reiterated a “buy” rating on shares of NAPCO Security Technologies in a research note on Tuesday, August 25th. DA Davidson set a $52.00 target price on NAPCO Security Technologies in a research report on Tuesday, August 25th. Weiss Ratings raised shares of NAPCO Security Technologies from a “hold (c)” rating to a “hold (c+)” rating in a research note on Thursday, October 8th. Finally, Needham & Company LLC restated a “buy” rating and issued a $49.00 target price on shares of NAPCO Security Technologies in a research report on Friday, August 21st. Four 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 has an average rating of “Moderate Buy” and an average target price of $51.33.

NAPCO Security Technologies Company Profile

NAPCO Security Technologies, Inc develops, manufactures and sells electronic security products and solutions for commercial, institutional, industrial and residential applications. Its offerings include intrusion alarm systems, access control systems, fire alarm products, locking systems and related communications technologies.

The company markets products under brands that include NAPCO, StarLink, Alarm Lock, Continental Instruments and Firewolf. Its solutions are designed to support security dealers, alarm monitoring providers, systems integrators and other professional-channel customers, including applications in schools, healthcare facilities, businesses and government buildings.

Founded in 1969, NAPCO is headquartered in Amityville, New York.