Napco Security Technologies, Inc. Declares Quarterly Dividend of $0.10 (NASDAQ:NSSC)

Napco Security Technologies, Inc. (NASDAQ:NSSC - Get Free Report) declared a quarterly dividend on Monday, May 6th, Zacks reports. Investors of record on Monday, June 3rd will be given a dividend of 0.10 per share by the industrial products company on Monday, June 24th. This represents a $0.40 annualized dividend and a yield of 0.87%. The ex-dividend date of this dividend is Monday, June 3rd.

Napco Security Technologies has a payout ratio of 26.1% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Napco Security Technologies to earn $1.56 per share next year, which means the company should continue to be able to cover its $0.40 annual dividend with an expected future payout ratio of 25.6%.

Napco Security Technologies Price Performance

Shares of NASDAQ:NSSC traded up $0.44 during trading on Tuesday, hitting $45.74. The company had a trading volume of 617,465 shares, compared to its average volume of 355,405. The stock has a market cap of $1.68 billion, a price-to-earnings ratio of 38.46 and a beta of 1.51. The company has a fifty day simple moving average of $41.01 and a two-hundred day simple moving average of $35.54. Napco Security Technologies has a one year low of $17.76 and a one year high of $46.41.

Napco Security Technologies (NASDAQ:NSSC - Get Free Report) last announced its quarterly earnings data on Monday, May 6th. The industrial products company reported $0.36 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.33 by $0.03. Napco Security Technologies had a net margin of 25.08% and a return on equity of 30.81%. The business had revenue of $49.30 million during the quarter, compared to the consensus estimate of $48.16 million. During the same quarter last year, the firm earned $0.29 earnings per share. The firm's quarterly revenue was up 13.3% compared to the same quarter last year. On average, equities research analysts anticipate that Napco Security Technologies will post 1.31 earnings per share for the current year.

Insider Transactions at Napco Security Technologies

In other Napco Security Technologies news, CEO Richard Soloway sold 28,000 shares of Napco Security Technologies stock in a transaction that occurred on Wednesday, February 14th. The shares were sold at an average price of $45.12, for a total transaction of $1,263,360.00. Following the completion of the sale, the chief executive officer now directly owns 3,706,010 shares in the company, valued at approximately $167,215,171.20. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other Napco Security Technologies news, CEO Richard Soloway sold 28,000 shares of the stock in a transaction dated Wednesday, February 14th. The stock was sold at an average price of $45.12, for a total transaction of $1,263,360.00. Following the sale, the chief executive officer now directly owns 3,706,010 shares of the company's stock, valued at approximately $167,215,171.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Kevin S. Buchel sold 10,000 shares of Napco Security Technologies stock in a transaction dated Monday, February 12th. The shares were sold at an average price of $44.80, for a total value of $448,000.00. Following the transaction, the chief financial officer now owns 112,739 shares of the company's stock, valued at approximately $5,050,707.20. The disclosure for this sale can be found here. Insiders sold a total of 93,200 shares of company stock worth $3,987,644 over the last three months. 11.54% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on NSSC shares. Needham & Company LLC boosted their price objective on shares of Napco Security Technologies from $46.00 to $52.00 and gave the stock a "buy" rating in a research note on Tuesday. DA Davidson initiated coverage on Napco Security Technologies in a report on Friday, April 26th. They set a "buy" rating and a $52.00 price objective for the company. StockNews.com downgraded Napco Security Technologies from a "buy" rating to a "hold" rating in a research note on Tuesday, February 13th. Imperial Capital cut Napco Security Technologies from an "outperform" rating to an "in-line" rating and set a $45.00 price target for the company. in a research note on Tuesday, February 6th. Finally, B. Riley raised their price target on Napco Security Technologies from $36.00 to $45.00 and gave the stock a "neutral" rating in a report on Tuesday. Five analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $41.83.

Napco Security Technologies Company Profile

Napco Security Technologies, Inc develops, manufactures, and sells electronic security products in the United States and internationally. The company offers access control systems, door-locking products, intrusion and fire alarm systems, and video surveillance systems for commercial, residential, institutional, industrial, and governmental applications.