Key Points
- CEO Richard Soloway sold 150,000 shares on Feb. 5 at an average price of $42.74 for $6.41 million, reducing his stake by 10.67% to 1,256,010 shares (SEC filing disclosed).
- NAPCO beat quarterly estimates, reporting $0.38 EPS vs. $0.33 expected and $48.17M revenue, and raised its quarterly dividend to $0.15 (annualized $0.60, ~1.4% yield).
- The stock has a market cap of ~$1.56B, trades near its 52-week high, and carries a consensus rating of "Moderate Buy" with an average price target of about $47.83.
NAPCO Security Technologies, Inc. (NASDAQ:NSSC - Get Free Report) CEO Richard Soloway sold 150,000 shares of the company's stock in a transaction that occurred on Thursday, February 5th. The stock was sold at an average price of $42.74, for a total transaction of $6,411,000.00. Following the sale, the chief executive officer owned 1,256,010 shares in the company, valued at $53,681,867.40. The trade was a 10.67% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this link.
NAPCO Security Technologies Stock Up 0.4%
Shares of NAPCO Security Technologies stock opened at $43.65 on Friday. NAPCO Security Technologies, Inc. has a 52-week low of $19.00 and a 52-week high of $48.12. The company has a market capitalization of $1.56 billion, a P/E ratio of 32.82 and a beta of 1.51. The company has a 50 day moving average of $41.07 and a 200 day moving average of $39.58.
NAPCO Security Technologies (NASDAQ:NSSC - Get Free Report) last announced its quarterly earnings data on Monday, February 2nd. The industrial products company reported $0.38 earnings per share for the quarter, beating analysts' consensus estimates of $0.33 by $0.05. The business had revenue of $48.17 million for the quarter, compared to analyst estimates of $47.82 million. NAPCO Security Technologies had a net margin of 24.70% and a return on equity of 27.45%. The company's revenue was up 12.4% on a year-over-year basis. During the same period last year, the business earned $0.28 EPS. As a group, research analysts anticipate that NAPCO Security Technologies, Inc. will post 1.24 earnings per share for the current fiscal year.
NAPCO Security Technologies Increases Dividend
The firm also recently declared a quarterly dividend, which will be paid on Friday, April 3rd. Shareholders of record on Thursday, March 12th will be paid a $0.15 dividend. This is a boost from NAPCO Security Technologies's previous quarterly dividend of $0.14. This represents a $0.60 dividend on an annualized basis and a yield of 1.4%. The ex-dividend date is Thursday, March 12th. NAPCO Security Technologies's payout ratio is 42.11%.
Analysts Set New Price Targets
NSSC has been the topic of several research analyst reports. TD Cowen raised NAPCO Security Technologies from a "hold" rating to a "buy" rating in a research report on Tuesday, November 4th. DA Davidson reiterated a "buy" rating and issued a $50.00 price target on shares of NAPCO Security Technologies in a research note on Tuesday. Lake Street Capital reissued a "buy" rating and set a $50.00 price objective (up previously from $39.00) on shares of NAPCO Security Technologies in a report on Friday, October 10th. Weiss Ratings restated a "hold (c+)" rating on shares of NAPCO Security Technologies in a research report on Wednesday, January 28th. Finally, Zacks Research downgraded shares of NAPCO Security Technologies from a "strong-buy" rating to a "hold" rating in a research report on Thursday, November 6th. Six research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, NAPCO Security Technologies has a consensus rating of "Moderate Buy" and a consensus price target of $47.83.
View Our Latest Report on NAPCO Security Technologies
Institutional Investors Weigh In On NAPCO Security Technologies
Several large investors have recently modified their holdings of NSSC. Cornerstone Planning Group LLC purchased a new position in shares of NAPCO Security Technologies during the third quarter worth approximately $25,000. Maseco LLP purchased a new stake in NAPCO Security Technologies in the 4th quarter valued at $25,000. IFP Advisors Inc boosted its stake in NAPCO Security Technologies by 193.3% during the 3rd quarter. IFP Advisors Inc now owns 572 shares of the industrial products company's stock worth $25,000 after purchasing an additional 377 shares during the period. Exchange Traded Concepts LLC purchased a new position in NAPCO Security Technologies during the 3rd quarter worth $26,000. Finally, Quaker Wealth Management LLC grew its position in NAPCO Security Technologies by 200.0% during 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 last quarter. 85.07% of the stock is owned by institutional investors and hedge funds.
About NAPCO Security Technologies
(
Get Free Report)
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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