Key Points
- CEO Richard Soloway sold 129,682 shares on March 2 at an average price of $44.99 for about $5.83 million, trimming his holding by 10.12% to 1,152,276 shares; he also sold 150,000 shares on Feb. 5 at ~$42.74.
- NAPCO beat quarterly estimates with $0.38 EPS (vs. $0.33 expected) and $48.17M revenue (up 12.4% YoY), reports a 24.7% net margin and 27.45% ROE, and carries a consensus analyst rating of "Moderate Buy" with a $47.83 target.
- The company raised its quarterly dividend to $0.15 ($0.60 annualized, 1.4% yield; ex-dividend March 12), and the stock trades with a $1.55B market cap, 52‑week range $19.00–$48.12, and a PE of 32.63.
NAPCO Security Technologies, Inc. (NASDAQ:NSSC - Get Free Report) CEO Richard Soloway sold 129,682 shares of the stock in a transaction on Monday, March 2nd. The stock was sold at an average price of $44.99, for a total value of $5,834,393.18. Following the completion of the transaction, the chief executive officer owned 1,152,276 shares of the company's stock, valued at $51,840,897.24. The trade was a 10.12% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.
Richard Soloway also recently made the following trade(s):
- On Thursday, February 5th, Richard Soloway sold 150,000 shares of NAPCO Security Technologies stock. The stock was sold at an average price of $42.74, for a total transaction of $6,411,000.00.
NAPCO Security Technologies Stock Up 0.8%
NASDAQ:NSSC opened at $43.40 on Wednesday. NAPCO Security Technologies, Inc. has a fifty-two week low of $19.00 and a fifty-two week high of $48.12. The firm's fifty day simple moving average is $42.10 and its 200-day simple moving average is $41.81. The stock has a market cap of $1.55 billion, a PE ratio of 32.63 and a beta of 1.45.
NAPCO Security Technologies (NASDAQ:NSSC - Get Free Report) last announced its quarterly earnings results on Monday, February 2nd. The industrial products company reported $0.38 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.33 by $0.05. The company had revenue of $48.17 million for the quarter, compared to the consensus estimate 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 for the quarter was up 12.4% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.28 earnings per share. Equities analysts anticipate that NAPCO Security Technologies, Inc. will post 1.24 earnings per share for the current year.
NAPCO Security Technologies Increases Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, April 3rd. Stockholders of record on Thursday, March 12th will be issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 1.4%. This is a positive change from NAPCO Security Technologies's previous quarterly dividend of $0.14. The ex-dividend date is Thursday, March 12th. NAPCO Security Technologies's payout ratio is 42.11%.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. grew its stake in NAPCO Security Technologies by 1.1% during the fourth quarter. Vanguard Group Inc. now owns 2,882,063 shares of the industrial products company's stock worth $120,182,000 after buying an additional 31,644 shares during the period. Fundsmith LLP lifted its holdings in shares of NAPCO Security Technologies by 86.4% during the 3rd quarter. Fundsmith LLP now owns 1,779,857 shares of the industrial products company's stock valued at $76,445,000 after acquiring an additional 824,945 shares in the last quarter. Janus Henderson Group PLC lifted its holdings in shares of NAPCO Security Technologies by 3.0% during the 4th quarter. Janus Henderson Group PLC now owns 1,569,363 shares of the industrial products company's stock valued at $65,457,000 after acquiring an additional 45,093 shares in the last quarter. Geode Capital Management LLC boosted its position in NAPCO Security Technologies by 1.4% during the 2nd quarter. Geode Capital Management LLC now owns 1,031,547 shares of the industrial products company's stock worth $30,630,000 after purchasing an additional 14,501 shares during the period. Finally, State Street Corp boosted its position in NAPCO Security Technologies by 14.4% during the 4th quarter. State Street Corp now owns 896,315 shares of the industrial products company's stock worth $37,484,000 after purchasing an additional 112,495 shares during the period. 85.07% of the stock is owned by institutional investors and hedge funds.
Analysts Set New Price Targets
Several equities analysts recently commented on the company. Needham & Company LLC reiterated a "buy" rating and issued a $49.00 target price (up from $47.00) on shares of NAPCO Security Technologies in a research note on Monday, February 2nd. DA Davidson reissued a "buy" rating and issued a $50.00 price target on shares of NAPCO Security Technologies in a research note on Tuesday, February 3rd. Finally, Weiss Ratings restated a "hold (c+)" rating on shares of NAPCO Security Technologies in a report on Wednesday, January 28th. Six research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company's stock. Based on data from MarketBeat, NAPCO Security Technologies currently has an average rating of "Moderate Buy" and a consensus price target of $47.83.
Get Our Latest Stock Analysis on NAPCO Security Technologies
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.
Read More
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
