NAPCO Security Technologies (NASDAQ:NSSC) Director Sells $1,007,440.00 in Stock

Key Points

• Director Donna Anne Soloway sold 28,000 NAPCO shares for approximately $1.01 million at an average price of $35.98, reducing her position by 57.19%; she subsequently sold her remaining 20,962 shares for about $725,704.
• NAPCO reported quarterly earnings of $0.50 per share, exceeding the $0.39 consensus estimate, while revenue rose 10.1% year over year to $55.81 million.
• The company increased its quarterly dividend to $0.17 per share, representing an annualized $0.68 payout and a 2.0% yield; analysts maintain a “Moderate Buy” consensus with an average price target of $50.40.

NAPCO Security Technologies, Inc. (NASDAQ:NSSC - Get Free Report) Director Donna Anne Soloway sold 28,000 shares of NAPCO Security Technologies stock in a transaction dated Wednesday, August 26th. The stock was 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 $754,212.76. This trade represents a 57.19% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

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

• On Thursday, August 27th, Donna Anne Soloway sold 20,962 shares of NAPCO Security Technologies stock. The shares were sold at an average price of $34.62, for a total transaction of $725,704.44.

NAPCO Security Technologies Trading Down 1.7%

Shares of NASDAQ:NSSC traded down $0.61 on Friday, reaching $34.67. 67,266 shares of the company's stock were exchanged, compared to its average volume of 493,901. NAPCO Security Technologies, Inc. has a twelve month low of $33.91 and a twelve month high of $51.77. The company has a fifty day moving average of $37.49 and a 200-day moving average of $39.85. 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 released its quarterly earnings results on Monday, August 24th. The industrial products company reported $0.50 earnings per share for the quarter, beating analysts' consensus estimates 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 company had revenue of $55.81 million during the quarter, compared to the consensus estimate of $52.51 million. During the same period in the previous year, the business earned $0.33 earnings per share. The firm's quarterly revenue was up 10.1% on a year-over-year basis. As a group, equities research analysts forecast that NAPCO Security Technologies, Inc. will post 1.66 EPS for the current fiscal year.

NAPCO Security Technologies Increases Dividend

The business also recently disclosed 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 is 56.20%.

Analysts Set New Price Targets

NSSC has been the subject of a number of recent analyst reports. Weiss Ratings reiterated a "hold (c)" rating on shares of NAPCO Security Technologies in a research report on Friday, August 7th. DA Davidson set a $52.00 price target on NAPCO Security Technologies in a research note on Tuesday. Benchmark reiterated a "buy" rating on shares of NAPCO Security Technologies in a research note on Tuesday. 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. Finally, TD Cowen reaffirmed a "buy" rating and set a $53.00 price target (up from $50.00) on shares of NAPCO Security Technologies in a report on Tuesday, May 5th. Six analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $50.40.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of NSSC. IFP Advisors Inc raised its stake in NAPCO Security Technologies by 193.3% during the third quarter. IFP Advisors Inc now owns 572 shares of the industrial products company's stock worth $25,000 after acquiring an additional 377 shares in the last quarter. KBC Group NV acquired a new position in NAPCO Security Technologies during the 1st quarter worth approximately $26,000. Advisory Services Network LLC bought a new position in NAPCO Security Technologies in the 3rd quarter valued at approximately $41,000. Blue Trust Inc. acquired a new stake in NAPCO Security Technologies in the first quarter valued at approximately $44,000. Finally, Acadian Asset Management LLC bought a new stake in shares of NAPCO Security Technologies during the first quarter worth $91,000. Institutional investors own 85.07% of the company's stock.

About NAPCO Security Technologies

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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