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

Key Points

• Chairman Richard Soloway sold 95,471 NAPCO shares for approximately $3.43 million, reducing his stake by 8.7% to 1.00 million shares. He also sold an additional 379,529 shares the following day for about $13.09 million.
• NAPCO’s stock fell 1.7% to $34.67, near its 52-week low, despite the company beating quarterly earnings and revenue estimates with $0.50 EPS and $55.81 million in revenue.
• The company increased its quarterly dividend to $0.17 per share, implying a 2.0% annualized yield. Analysts maintain a “Moderate Buy” consensus with an average price target of $50.40.

NAPCO Security Technologies, Inc. (NASDAQ:NSSC - Get Free Report) Chairman Richard Soloway sold 95,471 shares of NAPCO Security Technologies stock in a transaction on 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 of the company's stock, valued at $35,983,427.91. This represents a 8.70% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

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 Stock Down 1.7%

NSSC traded down $0.61 during midday trading on Friday, hitting $34.67. The company had a trading volume of 67,266 shares, compared to its average volume of 493,901. The stock's 50 day moving average price is $37.49 and its 200 day moving average price is $39.85. NAPCO Security Technologies, Inc. has a 52 week low of $33.91 and a 52 week high of $51.77. The company has a market capitalization of $1.24 billion, a price-to-earnings ratio of 28.65 and a beta of 1.45.

NAPCO Security Technologies (NASDAQ:NSSC - Get Free Report) last issued its earnings results on Monday, August 24th. The industrial products company reported $0.50 EPS for the quarter, beating analysts' consensus estimates of $0.39 by $0.11. The business had revenue of $55.81 million during the quarter, compared to analyst estimates of $52.51 million. NAPCO Security Technologies had a return on equity of 31.41% and a net margin of 21.27%.The firm's revenue was up 10.1% compared to the same quarter last year. During the same period in the previous year, the company posted $0.33 EPS. Research analysts predict that NAPCO Security Technologies, Inc. will post 1.66 EPS for the current year.

NAPCO Security Technologies Increases Dividend

The firm 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 is a boost from NAPCO Security Technologies's previous quarterly dividend of $0.15. The ex-dividend date is Friday, September 11th. This represents a $0.68 dividend on an annualized basis and a yield of 2.0%. NAPCO Security Technologies's dividend payout ratio (DPR) is presently 56.20%.

Institutional Investors Weigh In On NAPCO Security Technologies

A number of institutional investors have recently added to or reduced their stakes in the company. IFP Advisors Inc lifted its position in shares of NAPCO Security Technologies by 193.3% during the 3rd quarter. IFP Advisors Inc now owns 572 shares of the industrial products company's stock worth $25,000 after buying an additional 377 shares in the last quarter. KBC Group NV bought a new position in shares of NAPCO Security Technologies in the first quarter valued at approximately $26,000. Advisory Services Network LLC purchased a new stake in shares of NAPCO Security Technologies during the third quarter valued at approximately $41,000. Blue Trust Inc. purchased a new stake in shares of NAPCO Security Technologies during the first quarter valued at approximately $44,000. Finally, Acadian Asset Management LLC bought a new stake in NAPCO Security Technologies during the first quarter worth $91,000. 85.07% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on the stock. DA Davidson set a $52.00 price objective on shares of NAPCO Security Technologies in a report on Tuesday. Weiss Ratings reiterated a "hold (c)" rating on shares of NAPCO Security Technologies in a research note on Friday, August 7th. TD Cowen reissued a "buy" rating and issued a $53.00 price objective (up from $50.00) on shares of NAPCO Security Technologies in a research note on Tuesday, May 5th. Wall Street Zen lowered NAPCO Security Technologies from a "buy" rating to a "hold" rating in a report on Saturday, July 4th. Finally, Benchmark reiterated a "buy" rating on shares of NAPCO Security Technologies in a report on Tuesday. Six investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target 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.

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