NAPCO Security Technologies, Inc. Plans Quarterly Dividend of $0.14 (NASDAQ:NSSC)

Key Points

• NAPCO Security Technologies, Inc. has declared a quarterly dividend of $0.14 per share, payable on October 3rd to investors of record as of September 12th, marking an annual yield of 1.8%.
• The company maintains a dividend payout ratio of 47.5%, indicating strong earnings coverage for its dividend, with analysts projecting an estimated earnings per share of $1.45 next year.
• Institutional investors hold 85.07% of NAPCO's stock, signaling strong interest and investment support in the company as it continues to expand in the electronic security market.

NAPCO Security Technologies, Inc. (NASDAQ:NSSC - Get Free Report) declared a quarterly dividend on Thursday, August 21st, RTT News reports. Investors of record on Friday, September 12th will be paid a dividend of 0.14 per share by the industrial products company on Friday, October 3rd. This represents a c) dividend on an annualized basis and a yield of 1.5%. The ex-dividend date of this dividend is Friday, September 12th.

NAPCO Security Technologies has a payout ratio of 47.5% meaning its dividend is sufficiently covered by earnings. Analysts expect NAPCO Security Technologies to earn $1.45 per share next year, which means the company should continue to be able to cover its $0.56 annual dividend with an expected future payout ratio of 38.6%.

NAPCO Security Technologies Stock Down 0.7%

NSSC traded down $0.28 during trading on Friday, reaching $38.05. The stock had a trading volume of 445,259 shares, compared to its average volume of 372,596. The firm has a market capitalization of $1.36 billion, a price-to-earnings ratio of 31.97 and a beta of 1.42. NAPCO Security Technologies has a 1-year low of $19.00 and a 1-year high of $48.75. The stock has a 50 day moving average of $30.97 and a two-hundred day moving average of $27.09.

NAPCO Security Technologies (NASDAQ:NSSC - Get Free Report) last released its earnings results on Monday, August 25th. The industrial products company reported $0.33 earnings per share for the quarter, topping analysts' consensus estimates of $0.26 by $0.07. The firm had revenue of $50.72 million during the quarter, compared to the consensus estimate of $44.26 million. NAPCO Security Technologies had a return on equity of 25.42% and a net margin of 23.90%.The firm's revenue for the quarter was up .8% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.39 earnings per share. On average, research analysts forecast that NAPCO Security Technologies will post 1.24 EPS for the current fiscal year.

Institutional Trading of NAPCO Security Technologies

A number of hedge funds have recently modified their holdings of the business. First Horizon Advisors Inc. lifted its holdings in shares of NAPCO Security Technologies by 49.8% in the second quarter. First Horizon Advisors Inc. now owns 1,552 shares of the industrial products company's stock valued at $46,000 after purchasing an additional 516 shares in the last quarter. Man Group plc lifted its holdings in shares of NAPCO Security Technologies by 0.7% in the fourth quarter. Man Group plc now owns 78,743 shares of the industrial products company's stock valued at $2,800,000 after purchasing an additional 571 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in shares of NAPCO Security Technologies by 3.9% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 20,014 shares of the industrial products company's stock valued at $712,000 after purchasing an additional 751 shares in the last quarter. GAMMA Investing LLC increased its stake in shares of NAPCO Security Technologies by 227.2% in the first quarter. GAMMA Investing LLC now owns 1,106 shares of the industrial products company's stock worth $25,000 after acquiring an additional 768 shares during the last quarter. Finally, Snowden Capital Advisors LLC increased its stake in shares of NAPCO Security Technologies by 6.2% in the fourth quarter. Snowden Capital Advisors LLC now owns 13,473 shares of the industrial products company's stock worth $481,000 after acquiring an additional 785 shares during the last quarter. Hedge funds and other institutional investors own 85.07% of the company's stock.

About NAPCO Security Technologies

Napco Security Technologies, Inc develops, manufactures, and sells electronic security systems for commercial, residential, institutional, industrial, and governmental applications in the United States and internationally. Its access control systems include various types of identification readers, control panels, PC-based computers, and electronically activated door-locking devices; intrusion and fire alarm systems, consists of various detectors, a control panel, a digital keypad and signaling equipment; and door locking devices comprise microprocessor-based electronic door locks with push button, card readers and bio-metric operation, door alarms, mechanical door locks, and simple dead bolt locks.