NAPCO Security Technologies, Inc. (NASDAQ:NSSC) Plans Quarterly Dividend of $0.15

Key Points

• NAPCO declared a quarterly dividend of $0.15 per share (record date June 12, payable July 3), equal to an annualized $0.60 and a yield of 1.5%, with a current payout ratio of 50.8% and an expected future payout ratio of ~36.4% based on analyst EPS forecasts.
• In the most recent quarter NAPCO reported $0.39 EPS (beating estimates by $0.04), revenue rose 11.8% year-over-year and the company posted a 24.7% net margin and 27.45% ROE, though the stock slid to $39.61 on heavy volume.
• CEO Richard Soloway sold 129,682 shares in March (about $5.83M), reducing his stake by ~10%, while institutional ownership is high at roughly 85% with notable increases from firms like Millennium, Goldman Sachs and Jane Street.

NAPCO Security Technologies, Inc. (NASDAQ:NSSC - Get Free Report) declared a quarterly dividend on Monday, May 4th. Shareholders of record on Friday, June 12th will be given a dividend of 0.15 per share by the industrial products company on Friday, July 3rd. This represents a c) annualized dividend and a yield of 1.5%. The ex-dividend date is Friday, June 12th.

NAPCO Security Technologies has a dividend payout ratio of 50.8% indicating that its dividend is sufficiently covered by earnings. Analysts expect NAPCO Security Technologies to earn $1.65 per share next year, which means the company should continue to be able to cover its $0.60 annual dividend with an expected future payout ratio of 36.4%.

NAPCO Security Technologies Price Performance

Shares of NAPCO Security Technologies stock traded down $7.11 on Monday, reaching $39.61. 1,045,137 shares of the company were exchanged, compared to its average volume of 564,371. NAPCO Security Technologies has a 1-year low of $24.13 and a 1-year high of $48.12. The company has a market cap of $1.41 billion, a P/E ratio of 29.78 and a beta of 1.55. The stock's 50 day moving average price is $43.25 and its 200-day moving average price is $42.20.

NAPCO Security Technologies (NASDAQ:NSSC - Get Free Report) last announced its quarterly earnings data on Monday, May 4th. The industrial products company reported $0.39 EPS for the quarter, topping analysts' consensus estimates of $0.35 by $0.04. NAPCO Security Technologies had a return on equity of 27.45% and a net margin of 24.70%.During the same quarter in the prior year, the firm earned $0.28 earnings per share. The business's quarterly revenue was up 11.8% on a year-over-year basis. On average, research analysts predict that NAPCO Security Technologies will post 1.46 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, CEO Richard Soloway sold 129,682 shares of the business's stock in a transaction that occurred on Monday, March 2nd. The stock was sold at an average price of $44.99, for a total transaction of $5,834,393.18. Following the completion of the sale, the chief executive officer owned 1,152,276 shares in the company, valued at $51,840,897.24. The trade was a 10.12% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 5.65% of the stock is currently owned by insiders.

Institutional Investors Weigh In On NAPCO Security Technologies

Several institutional investors have recently added to or reduced their stakes in NSSC. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in NAPCO Security Technologies by 4.4% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 20,899 shares of the industrial products company's stock worth $481,000 after purchasing an additional 885 shares during the last quarter. Millennium Management LLC lifted its stake in NAPCO Security Technologies by 62.4% during the first quarter. Millennium Management LLC now owns 769,789 shares of the industrial products company's stock worth $17,721,000 after purchasing an additional 295,755 shares during the last quarter. Goldman Sachs Group Inc. lifted its stake in NAPCO Security Technologies by 75.8% during the first quarter. Goldman Sachs Group Inc. now owns 589,290 shares of the industrial products company's stock worth $13,565,000 after purchasing an additional 254,007 shares during the last quarter. Jane Street Group LLC lifted its stake in NAPCO Security Technologies by 351.7% during the first quarter. Jane Street Group LLC now owns 98,221 shares of the industrial products company's stock worth $2,261,000 after purchasing an additional 76,478 shares during the last quarter. Finally, Acadian Asset Management LLC purchased a new stake in NAPCO Security Technologies during the first quarter worth approximately $91,000. Hedge funds and other 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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