NAPCO Security Technologies, Inc. (NASDAQ:NSSC – Get Free Report) Chairman Richard Soloway sold 379,529 shares of the stock in a transaction dated Thursday, August 27th. The stock was sold at an average price of $34.50, for a total transaction of $13,093,750.50. Following the completion of the transaction, the chairman directly owned 621,958 shares of the company’s stock, valued at approximately $21,457,551. The trade was a 37.90% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.
Richard Soloway also recently made the following trade(s):
- On Wednesday, August 26th, Richard Soloway sold 95,471 shares of NAPCO Security Technologies stock. The shares were sold at an average price of $35.93, for a total value of $3,430,273.03.
NAPCO Security Technologies Stock Performance
NSSC stock opened at $35.35 on Friday. NAPCO Security Technologies, Inc. has a fifty-two week low of $33.91 and a fifty-two week high of $51.77. The business’s 50 day moving average price is $37.44 and its two-hundred day moving average price is $39.81. The company has a market capitalization of $1.26 billion, a price-to-earnings ratio of 29.21 and a beta of 1.45.
NAPCO Security Technologies Increases Dividend
The firm also recently declared a quarterly dividend, which will be paid on Friday, October 2nd. Investors of record on Friday, September 11th will be paid a $0.17 dividend. This represents a $0.68 annualized dividend and a dividend yield of 1.9%. The ex-dividend date is Friday, September 11th. This is a positive change from NAPCO Security Technologies’s previous quarterly dividend of $0.15. NAPCO Security Technologies’s dividend payout ratio (DPR) is 49.59%.
Institutional Trading of NAPCO Security Technologies
Institutional investors have recently added to or reduced their stakes in the business. IFP Advisors Inc raised its stake in shares of NAPCO Security Technologies by 193.3% in the third 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 last quarter. KBC Group NV bought a new position in NAPCO Security Technologies during the first quarter valued at approximately $26,000. Advisory Services Network LLC bought a new position in shares of NAPCO Security Technologies during the 3rd quarter valued at $41,000. Blue Trust Inc. bought a new stake in shares of NAPCO Security Technologies in the first quarter worth $44,000. Finally, Acadian Asset Management LLC purchased a new stake in shares of NAPCO Security Technologies during the 1st quarter valued at about $91,000. 85.07% of the stock is currently owned by hedge funds and other institutional investors.
More NAPCO Security Technologies News
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
Analyst Ratings Changes
Several equities research analysts recently commented on the stock. DA Davidson set a $52.00 price objective on shares of NAPCO Security Technologies in a research note on Tuesday. Benchmark reiterated a “buy” rating on shares of NAPCO Security Technologies in a report on Tuesday. Needham & Company LLC reissued a “buy” rating and issued a $49.00 price target on shares of NAPCO Security Technologies in a research report on Friday, August 21st. Wall Street Zen downgraded NAPCO Security Technologies from a “buy” rating to a “hold” rating in a research note on Saturday, July 4th. Finally, TD Cowen reissued a “buy” rating and issued a $53.00 target price (up from $50.00) on shares of NAPCO Security Technologies in a research note on Tuesday, May 5th. Six investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $50.40.
Check Out Our Latest Stock Analysis on NAPCO Security Technologies
NAPCO Security Technologies Company Profile
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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