Stephen Spinelli Sells 19,000 Shares of NAPCO Security Technologies (NASDAQ:NSSC) Stock

NAPCO Security Technologies, Inc. (NASDAQ:NSSC) SVP Stephen Spinelli sold 19,000 shares of the stock in a transaction on Monday, November 17th. The shares were sold at an average price of $40.25, for a total value of $764,750.00. Following the sale, the senior vice president owned 928 shares of the company’s stock, valued at approximately $37,352. This represents a 95.34% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

NAPCO Security Technologies Price Performance

Shares of NSSC stock opened at $39.59 on Thursday. The stock’s fifty day moving average price is $42.65 and its 200 day moving average price is $34.75. NAPCO Security Technologies, Inc. has a 1-year low of $19.00 and a 1-year high of $48.12. The company has a market cap of $1.41 billion, a price-to-earnings ratio of 33.27 and a beta of 1.54.

NAPCO Security Technologies (NASDAQ:NSSC) last issued its quarterly earnings results on Monday, November 3rd. The industrial products company reported $0.34 earnings per share for the quarter, topping the consensus estimate of $0.30 by $0.04. NAPCO Security Technologies had a return on equity of 25.42% and a net margin of 23.90%.The business had revenue of $49.17 million during the quarter, compared to the consensus estimate of $46.81 million. During the same quarter last year, the company earned $0.29 earnings per share. The company’s quarterly revenue was up 11.8% on a year-over-year basis. As a group, equities research analysts anticipate that NAPCO Security Technologies, Inc. will post 1.24 earnings per share for the current year.

NAPCO Security Technologies Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, January 2nd. Investors of record on Friday, December 12th will be paid a $0.14 dividend. The ex-dividend date is Friday, December 12th. This represents a $0.56 dividend on an annualized basis and a yield of 1.4%. NAPCO Security Technologies’s dividend payout ratio (DPR) is 45.53%.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the stock. Cowen upgraded shares of NAPCO Security Technologies from a “hold” rating to a “buy” rating in a research report on Tuesday, November 4th. Wall Street Zen upgraded NAPCO Security Technologies from a “hold” rating to a “buy” rating in a research report on Saturday, August 30th. DA Davidson set a $50.00 price objective on NAPCO Security Technologies and gave the company a “buy” rating in a report on Wednesday, September 24th. Lake Street Capital reaffirmed a “buy” rating and set a $50.00 target price (up from $39.00) on shares of NAPCO Security Technologies in a research note on Friday, October 10th. Finally, Mizuho set a $48.00 target price on NAPCO Security Technologies and gave the company an “outperform” rating in a research report on Friday, October 17th. Seven equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, NAPCO Security Technologies has a consensus rating of “Moderate Buy” and an average target price of $47.50.

Hedge Funds Weigh In On NAPCO Security Technologies

Hedge funds and other institutional investors have recently made changes to their positions in the company. Personal CFO Solutions LLC increased its position in shares of NAPCO Security Technologies by 3.2% during the third quarter. Personal CFO Solutions LLC now owns 8,031 shares of the industrial products company’s stock worth $345,000 after purchasing an additional 246 shares in the last quarter. Legal & General Group Plc boosted its stake in NAPCO Security Technologies by 1.0% during the 3rd quarter. Legal & General Group Plc now owns 43,937 shares of the industrial products company’s stock worth $1,887,000 after purchasing an additional 430 shares during the last quarter. Alliancebernstein L.P. grew its holdings in shares of NAPCO Security Technologies by 1.3% during the third quarter. Alliancebernstein L.P. now owns 36,826 shares of the industrial products company’s stock worth $1,582,000 after buying an additional 474 shares in the last quarter. First Horizon Advisors Inc. raised its position in shares of NAPCO Security Technologies by 49.8% in the second quarter. First Horizon Advisors Inc. now owns 1,552 shares of the industrial products company’s stock valued at $46,000 after buying an additional 516 shares during the last quarter. Finally, Cornerstone Planning Group LLC purchased a new position in shares of NAPCO Security Technologies in the third quarter worth about $25,000. Hedge funds and other institutional investors own 85.07% of the company’s stock.

NAPCO Security Technologies Company Profile

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.