Key Points
- SVP Stephen Spinelli sold 19,000 shares at an average price of $40.25 on Nov. 17 for a total of $764,750, reducing his stake by 95.34% to 928 shares (about $37,352).
- NAPCO beat Q3 expectations with $0.34 EPS vs. $0.30 expected and $49.17M revenue (+11.8% YoY) and posted a 23.9% net margin; analysts carry a consensus "Moderate Buy" rating with a $47.50 price target.
- The company declared a quarterly dividend of $0.14 ($0.56 annualized), a 1.4% yield, with an ex-dividend date of Dec. 12 and payment on Jan. 2.
NAPCO Security Technologies, Inc. (NASDAQ:NSSC - Get Free Report) SVP Stephen Spinelli sold 19,000 shares of the business's stock in a transaction dated Monday, November 17th. The shares were sold at an average price of $40.25, for a total transaction of $764,750.00. Following the completion of the transaction, the senior vice president directly owned 928 shares of the company's stock, valued at $37,352. The trade was a 95.34% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.
NAPCO Security Technologies Trading Down 2.3%
NASDAQ:NSSC opened at $39.30 on Wednesday. NAPCO Security Technologies, Inc. has a 12-month low of $19.00 and a 12-month high of $48.12. The firm has a market cap of $1.40 billion, a price-to-earnings ratio of 33.03 and a beta of 1.54. The company's 50-day moving average is $42.66 and its two-hundred day moving average is $34.72.
NAPCO Security Technologies (NASDAQ:NSSC - Get Free Report) last posted its quarterly earnings data on Monday, November 3rd. The industrial products company reported $0.34 earnings per share for the quarter, beating analysts' consensus estimates of $0.30 by $0.04. The business had revenue of $49.17 million during the quarter, compared to analyst estimates of $46.81 million. NAPCO Security Technologies had a net margin of 23.90% and a return on equity of 25.42%. The company's revenue was up 11.8% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.29 earnings per share. On average, equities research analysts forecast that NAPCO Security Technologies, Inc. will post 1.24 earnings per share for the current fiscal year.
NAPCO Security Technologies Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Friday, January 2nd. Shareholders of record on Friday, December 12th will be paid a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date of this dividend is Friday, December 12th. NAPCO Security Technologies's dividend payout ratio is currently 45.53%.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Cornerstone Planning Group LLC acquired a new position in NAPCO Security Technologies in the third quarter valued at $25,000. Exchange Traded Concepts LLC acquired a new stake in NAPCO Security Technologies during the third quarter worth about $26,000. Quaker Wealth Management LLC raised its holdings in shares of NAPCO Security Technologies by 200.0% in the 2nd quarter. Quaker Wealth Management LLC now owns 1,050 shares of the industrial products company's stock worth $31,000 after purchasing an additional 2,100 shares during the period. State of Wyoming acquired a new position in shares of NAPCO Security Technologies in the 3rd quarter valued at about $41,000. Finally, Advisory Services Network LLC purchased a new stake in shares of NAPCO Security Technologies during the 3rd quarter worth about $41,000. Institutional investors and hedge funds own 85.07% of the company's stock.
Analyst Ratings Changes
A number of brokerages have recently commented on NSSC. Lake Street Capital reaffirmed a "buy" rating and issued a $50.00 price objective (up previously from $39.00) on shares of NAPCO Security Technologies in a research report on Friday, October 10th. DA Davidson set a $50.00 price target on NAPCO Security Technologies and gave the stock a "buy" rating in a research note on Wednesday, September 24th. Weiss Ratings restated a "hold (c+)" rating on shares of NAPCO Security Technologies in a report on Friday, October 31st. Mizuho set a $48.00 price objective on shares of NAPCO Security Technologies and gave the company an "outperform" rating in a research note on Friday, October 17th. Finally, Needham & Company LLC increased their price objective on shares of NAPCO Security Technologies from $36.00 to $47.00 and gave the stock a "buy" rating in a report on Tuesday, November 4th. Seven analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $47.50.
Get Our Latest Analysis on NSSC
About NAPCO Security Technologies
(
Get Free Report)
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.
Further Reading
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