NAPCO Security Technologies (NASDAQ:NSSC) Director Sells $725,704.44 in Stock

Key Points

• Director Donna Anne Soloway sold 20,962 shares of NAPCO Security Technologies at an average price of $34.62, generating $725,704.44 and reducing her ownership by 50%. She also sold 28,000 shares the previous day for approximately $1.01 million.
• NAPCO reported quarterly EPS of $0.50, beating estimates of $0.39, while revenue rose 10.1% year over year to $55.81 million. The company increased its quarterly dividend to $0.17 per share, representing a 2.0% yield.
• Shares recently traded near $34.67, close to their 52-week low of $33.91, while analysts maintain a “Moderate Buy” consensus with an average price target of $50.40. Institutional investors own approximately 85.1% of the company.

NAPCO Security Technologies, Inc. (NASDAQ:NSSC - Get Free Report) Director Donna Anne Soloway sold 20,962 shares of NAPCO Security Technologies stock in a transaction that occurred on Thursday, August 27th. The stock was sold at an average price of $34.62, for a total transaction of $725,704.44. Following the completion of the sale, the director owned 20,962 shares of the company's stock, valued at $725,704.44. This trade represents a 50.00% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

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

• On Wednesday, August 26th, Donna Anne Soloway sold 28,000 shares of NAPCO Security Technologies stock. The shares were sold at an average price of $35.98, for a total transaction of $1,007,440.00.

NAPCO Security Technologies Price Performance

NAPCO Security Technologies stock traded down $0.61 during mid-day trading on Friday, reaching $34.67. 67,266 shares of the company traded hands, compared to its average volume of 493,901. The firm's fifty day moving average is $37.49 and its two-hundred day moving average is $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, Inc. has a fifty-two week low of $33.91 and a fifty-two week high of $51.77.

NAPCO Security Technologies (NASDAQ:NSSC - Get Free Report) last posted its quarterly earnings data on Monday, August 24th. The industrial products company reported $0.50 EPS for the quarter, topping the consensus estimate of $0.39 by $0.11. The business had revenue of $55.81 million during 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 business's revenue for the quarter was up 10.1% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.33 earnings per share. As a group, equities research analysts predict 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 2.0%. 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 56.20%.

Analyst Ratings Changes

NSSC has been the subject of a number of research reports. Wall Street Zen downgraded NAPCO Security Technologies from a "buy" rating to a "hold" rating in a report on Saturday, July 4th. TD Cowen restated a "buy" rating and set a $53.00 price objective (up from $50.00) on shares of NAPCO Security Technologies in a research note on Tuesday, May 5th. Weiss Ratings reaffirmed a "hold (c)" rating on shares of NAPCO Security Technologies in a report on Friday, August 7th. DA Davidson set a $52.00 price objective on shares of NAPCO Security Technologies in a research note on Tuesday. Finally, Needham & Company LLC reissued a "buy" rating and set a $49.00 target price on shares of NAPCO Security Technologies in a report on Friday, August 21st. Six research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $50.40.

Institutional Trading of NAPCO Security Technologies

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. BlackRock Inc. acquired a new position in shares of NAPCO Security Technologies in the second quarter worth about $213,928,000. Jupiter Topco LLC acquired a new stake in shares of NAPCO Security Technologies during the 2nd quarter valued at about $63,855,000. California State Teachers Retirement System increased its stake in shares of NAPCO Security Technologies by 2,978.8% in the 2nd quarter. California State Teachers Retirement System now owns 1,493,108 shares of the industrial products company's stock valued at $56,708,000 after purchasing an additional 1,444,612 shares in the last quarter. Arrowstreet Capital Limited Partnership increased its stake in shares of NAPCO Security Technologies by 668.4% in the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 861,141 shares of the industrial products company's stock valued at $36,986,000 after purchasing an additional 749,065 shares in the last quarter. Finally, Copeland Capital Management LLC raised its holdings in 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 worth $79,138,000 after purchasing an additional 588,297 shares during the period. Institutional investors and hedge funds own 85.07% of the company's stock.

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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