ADT (NYSE:ADT) Reaches New 12-Month High - Here's What Happened

Key Points

• ADT Inc.'s stock recently reached a new 52-week high of $8.91 amid significant trading activity, with a total of 937,936 shares exchanged.
• Analyst ratings show a mixed sentiment, with one upgrading to a strong-buy and others issuing buy or hold ratings, establishing an average target price of $9.34.
• ADT's recent earnings report revealed a net margin of 12.30% and year-over-year quarterly revenue growth of 6.8%, with guidance set at 0.810-0.890 EPS for FY 2025.

Shares of ADT Inc. (NYSE:ADT - Get Free Report) reached a new 52-week high during mid-day trading on Monday . The company traded as high as $8.90 and last traded at $8.91, with a volume of 937936 shares trading hands. The stock had previously closed at $8.83.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the stock. Citigroup boosted their price target on shares of ADT from $9.00 to $10.00 and gave the company a "buy" rating in a research report on Tuesday, August 26th. Morgan Stanley boosted their price objective on ADT from $9.00 to $9.50 and gave the company an "equal weight" rating in a research report on Monday, July 28th. Wall Street Zen downgraded shares of ADT from a "strong-buy" rating to a "buy" rating in a report on Sunday, September 7th. Finally, Zacks Research upgraded shares of ADT to a "strong-buy" rating in a report on Tuesday, August 12th. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat, ADT currently has a consensus rating of "Moderate Buy" and a consensus target price of $9.34.

ADT Price Performance

The company has a debt-to-equity ratio of 1.84, a quick ratio of 0.37 and a current ratio of 0.46. The stock has a market capitalization of $7.14 billion, a PE ratio of 13.01 and a beta of 1.13. The stock's 50 day moving average is $8.58 and its two-hundred day moving average is $8.27.

ADT (NYSE:ADT - Get Free Report) last issued its quarterly earnings data on Thursday, July 24th. The security and automation business reported $0.23 EPS for the quarter, topping the consensus estimate of $0.19 by $0.04. ADT had a net margin of 12.30% and a return on equity of 18.58%. The firm had revenue of $1.29 billion for the quarter, compared to analyst estimates of $1.28 billion. During the same period in the prior year, the business posted $0.17 EPS. The business's revenue for the quarter was up 6.8% compared to the same quarter last year. ADT has set its FY 2025 guidance at 0.810-0.890 EPS. On average, equities analysts anticipate that ADT Inc. will post 0.7 EPS for the current fiscal year.

ADT Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 2nd. Investors of record on Thursday, September 11th will be issued a dividend of $0.055 per share. The ex-dividend date of this dividend is Thursday, September 11th. This represents a $0.22 dividend on an annualized basis and a yield of 2.6%. ADT's payout ratio is currently 33.33%.

Insider Buying and Selling

In related news, major shareholder Apollo Management Holdings Gp, sold 71,000,000 shares of ADT stock in a transaction that occurred on Monday, July 28th. The stock was sold at an average price of $8.31, for a total transaction of $590,010,000.00. Following the completion of the transaction, the insider directly owned 112,650,366 shares in the company, valued at $936,124,541.46. The trade was a 38.66% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 2.70% of the company's stock.

Hedge Funds Weigh In On ADT

A number of institutional investors have recently modified their holdings of ADT. Jane Street Group LLC increased its position in shares of ADT by 7,745.1% in the first quarter. Jane Street Group LLC now owns 3,444,613 shares of the security and automation business's stock worth $28,039,000 after acquiring an additional 3,400,705 shares in the last quarter. Allspring Global Investments Holdings LLC increased its holdings in shares of ADT by 366.3% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 74,204 shares of the security and automation business's stock worth $606,000 after acquiring an additional 58,292 shares during the period. Amalgamated Bank increased its stake in ADT by 36.8% during the 1st quarter. Amalgamated Bank now owns 19,660 shares of the security and automation business's stock valued at $160,000 after buying an additional 5,287 shares during the period. Wealth Enhancement Advisory Services LLC boosted its position in shares of ADT by 93.1% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 212,728 shares of the security and automation business's stock valued at $1,732,000 after purchasing an additional 102,538 shares in the last quarter. Finally, American Century Companies Inc. boosted its position in shares of ADT by 259.5% during the 1st quarter. American Century Companies Inc. now owns 613,889 shares of the security and automation business's stock valued at $4,997,000 after purchasing an additional 443,121 shares in the last quarter. Institutional investors and hedge funds own 87.22% of the company's stock.

About ADT

ADT Inc provides security, interactive, and smart home solutions to residential and small business customers in the United States. It operates through two segments, Consumer and Small Business, and Solar. The company provides burglar and life safety alarms, smart security cameras, smart home automation systems, and video surveillance systems.