Napco Security Technologies, Inc. (NASDAQ:NSSC - Get Free Report) CEO Richard Soloway sold 250,000 shares of the company's stock in a transaction that occurred on Wednesday, May 8th. The stock was sold at an average price of $44.20, for a total value of $11,050,000.00. Following the transaction, the chief executive officer now owns 1,406,010 shares of the company's stock, valued at $62,145,642. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Richard Soloway also recently made the following trade(s):
- On Monday, April 8th, Richard Soloway sold 50,000 shares of Napco Security Technologies stock. The shares were sold at an average price of $40.75, for a total transaction of $2,037,500.00.
- On Wednesday, February 14th, Richard Soloway sold 28,000 shares of Napco Security Technologies stock. The stock was sold at an average price of $45.12, for a total value of $1,263,360.00.
Napco Security Technologies Trading Down 2.8 %
Napco Security Technologies stock opened at $44.45 on Thursday. The company has a market cap of $1.63 billion, a P/E ratio of 37.35 and a beta of 1.51. The company has a fifty day simple moving average of $41.02 and a 200 day simple moving average of $35.79. Napco Security Technologies, Inc. has a 1-year low of $17.76 and a 1-year high of $46.41.
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Napco Security Technologies (NASDAQ:NSSC - Get Free Report) last posted its quarterly earnings results on Monday, May 6th. The industrial products company reported $0.36 earnings per share for the quarter, topping the consensus estimate of $0.33 by $0.03. The firm had revenue of $49.30 million for the quarter, compared to analyst estimates of $48.16 million. Napco Security Technologies had a return on equity of 30.81% and a net margin of 25.08%. The business's quarterly revenue was up 13.3% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.29 EPS. On average, equities research analysts forecast that Napco Security Technologies, Inc. will post 1.31 EPS for the current year.
Napco Security Technologies Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 24th. Stockholders of record on Monday, June 3rd will be given a $0.10 dividend. The ex-dividend date of this dividend is Monday, June 3rd. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.90%. Napco Security Technologies's payout ratio is 33.61%.
Institutional Investors Weigh In On Napco Security Technologies
Hedge funds have recently added to or reduced their stakes in the business. ProShare Advisors LLC bought a new stake in shares of Napco Security Technologies during the 1st quarter worth about $240,000. Isthmus Partners LLC lifted its holdings in Napco Security Technologies by 18.1% during the 1st quarter. Isthmus Partners LLC now owns 115,162 shares of the industrial products company's stock worth $4,625,000 after purchasing an additional 17,614 shares during the last quarter. Sei Investments Co. acquired a new position in Napco Security Technologies in the 1st quarter valued at $682,000. Envestnet Portfolio Solutions Inc. bought a new position in Napco Security Technologies during the 1st quarter worth $234,000. Finally, RiverPark Advisors LLC boosted its position in shares of Napco Security Technologies by 361.3% in the first quarter. RiverPark Advisors LLC now owns 7,709 shares of the industrial products company's stock valued at $310,000 after acquiring an additional 6,038 shares during the period. Institutional investors and hedge funds own 85.07% of the company's stock.
Wall Street Analysts Forecast Growth
A number of analysts recently weighed in on the stock. Needham & Company LLC upped their target price on shares of Napco Security Technologies from $46.00 to $52.00 and gave the company a "buy" rating in a research note on Tuesday. Imperial Capital lowered Napco Security Technologies from an "outperform" rating to an "in-line" rating and set a $45.00 price objective for the company. in a research note on Tuesday, February 6th. B. Riley boosted their price target on shares of Napco Security Technologies from $36.00 to $45.00 and gave the company a "neutral" rating in a research report on Tuesday. DA Davidson started coverage on Napco Security Technologies in a report on Friday, April 26th. They issued a "buy" rating and a $52.00 target price on the stock. Finally, StockNews.com downgraded Napco Security Technologies from a "buy" rating to a "hold" rating in a research report on Tuesday, February 13th. Five analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. Based on data from MarketBeat, Napco Security Technologies currently has an average rating of "Hold" and a consensus target price of $41.83.
Get Our Latest Analysis on Napco Security Technologies
About Napco Security Technologies
(
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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.
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