NAPCO Security Technologies, Inc. (NASDAQ:NSSC - Get Free Report) Director Donna Anne Soloway sold 20,962 shares of NAPCO Security Technologies stock in a transaction dated Thursday, August 27th. The stock was sold at an average price of $34.62, for a total value of $725,704.44. Following the completion of the transaction, the director owned 20,962 shares in the company, valued at $725,704.44. The trade was a 50.00% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.
Donna Anne Soloway also recently made the following trade(s):
- On Wednesday, August 26th, Donna Anne Soloway sold 28,000 shares of NAPCO Security Technologies stock. The stock was sold at an average price of $35.98, for a total value of $1,007,440.00.
NAPCO Security Technologies Stock Up 0.2%
Shares of NASDAQ:NSSC opened at $35.35 on Friday. The business has a 50 day moving average price of $37.44 and a 200 day moving average price of $39.81. NAPCO Security Technologies, Inc. has a twelve month low of $33.91 and a twelve month high of $51.77. The company has a market cap of $1.26 billion, a price-to-earnings ratio of 29.21 and a beta of 1.45.
NAPCO Security Technologies (NASDAQ:NSSC - Get Free Report) last issued its quarterly earnings results on Monday, August 24th. The industrial products company reported $0.50 EPS for the quarter, topping the consensus estimate of $0.39 by $0.11. The company had revenue of $55.81 million for the quarter, compared to the consensus estimate of $52.51 million. NAPCO Security Technologies had a return on equity of 31.41% and a net margin of 21.27%.The company's revenue for the quarter was up 10.1% on a year-over-year basis. During the same period in the previous year, the business posted $0.33 EPS. Analysts anticipate that NAPCO Security Technologies, Inc. will post 1.66 EPS for the current year.
NAPCO Security Technologies Increases Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 2nd. Stockholders of record on Friday, September 11th will be paid a $0.17 dividend. The ex-dividend date is Friday, September 11th. This is a positive change from NAPCO Security Technologies's previous quarterly dividend of $0.15. This represents a $0.68 annualized dividend and a dividend yield of 1.9%. NAPCO Security Technologies's dividend payout ratio is 49.59%.
Key Headlines Impacting NAPCO Security Technologies
Here are the key news stories impacting NAPCO Security Technologies this week:
- Negative Sentiment: Chairman Richard Soloway sold a combined 475,000 shares on August 26 and 27 for approximately $16.5 million. The transactions reduced his direct ownership by roughly 46%, leaving him with 621,958 shares. The size of the sales may concern investors because they came from a senior executive, although the filings do not state the reason for the transactions. SEC filing for Richard Soloway stock sales
- Negative Sentiment: Director Donna Anne Soloway sold 48,962 shares across the same two sessions for approximately $1.7 million, cutting her holdings to 20,962 shares. The combined insider sales totaled 523,962 shares and more than $18.2 million in proceeds. SEC filing for Donna Anne Soloway stock sales
- Negative Sentiment: NSSC shares hit a new 52-week low, reinforcing concerns about momentum. The stock is trading below both its 50-day and 200-day moving averages, indicating continued technical weakness. NAPCO Security Technologies hits new 52-week low
Institutional Inflows and Outflows
Several hedge funds have recently modified their holdings of NSSC. IFP Advisors Inc grew its position in shares of 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 buying an additional 377 shares during the period. KBC Group NV acquired a new position in NAPCO Security Technologies in the first quarter valued at approximately $26,000. Advisory Services Network LLC acquired a new position in NAPCO Security Technologies in the third quarter valued at approximately $41,000. Blue Trust Inc. bought a new position in NAPCO Security Technologies in the first quarter valued at approximately $44,000. Finally, Kemnay Advisory Services Inc. bought a new position in NAPCO Security Technologies in the fourth quarter valued at approximately $107,000. Institutional investors own 85.07% of the company's stock.
Analyst Ratings Changes
Several research firms recently commented on NSSC. Wall Street Zen cut shares of NAPCO Security Technologies from a "buy" rating to a "hold" rating in a research note on Saturday, July 4th. DA Davidson set a $52.00 price objective on NAPCO Security Technologies in a report on Tuesday. Weiss Ratings reissued a "hold (c)" rating on shares of NAPCO Security Technologies in a report on Friday, August 7th. TD Cowen reissued a "buy" rating and set a $53.00 price target (up from $50.00) on shares of NAPCO Security Technologies in a report on Tuesday, May 5th. Finally, Benchmark reaffirmed a "buy" rating on shares of NAPCO Security Technologies in a report on Tuesday. Six research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, NAPCO Security Technologies has a consensus rating of "Moderate Buy" and an average target price of $50.40.
Get Our Latest Analysis on NAPCO Security Technologies
About NAPCO Security Technologies
(
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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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