NAPCO Security Technologies (NASDAQ:NSSC) Chairman Richard Soloway Sells 95,471 Shares of Stock

NAPCO Security Technologies, Inc. (NASDAQ:NSSCGet Free Report) Chairman Richard Soloway sold 95,471 shares of the stock in a transaction that occurred on Wednesday, August 26th. The shares were sold at an average price of $35.93, for a total transaction of $3,430,273.03. Following the transaction, the chairman directly owned 1,001,487 shares of the company’s stock, valued at $35,983,427.91. This represents a 8.70% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Richard Soloway also recently made the following trade(s):

  • On Thursday, August 27th, Richard Soloway sold 379,529 shares of NAPCO Security Technologies stock. The shares were sold at an average price of $34.50, for a total value of $13,093,750.50.

NAPCO Security Technologies Stock Performance

NASDAQ NSSC traded down $0.61 on Friday, hitting $34.67. 67,266 shares of the stock traded hands, compared to its average volume of 493,901. The business’s fifty day moving average is $37.49 and its two-hundred day moving average is $39.85. NAPCO Security Technologies, Inc. has a 12 month low of $33.91 and a 12 month high of $51.77. The firm has a market capitalization of $1.24 billion, a price-to-earnings ratio of 28.65 and a beta of 1.45.

NAPCO Security Technologies (NASDAQ:NSSCGet Free Report) last issued its earnings results on Monday, August 24th. The industrial products company reported $0.50 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.39 by $0.11. NAPCO Security Technologies had a return on equity of 31.41% and a net margin of 21.27%.The firm had revenue of $55.81 million for the quarter, compared to analyst estimates of $52.51 million. During the same period in the previous year, the company posted $0.33 earnings per share. The business’s revenue was up 10.1% on a year-over-year basis. Analysts expect that NAPCO Security Technologies, Inc. will post 1.66 EPS for the current fiscal year.

NAPCO Security Technologies Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 2nd. Investors of record on Friday, September 11th will be issued a $0.17 dividend. This is an increase from NAPCO Security Technologies’s previous quarterly dividend of $0.15. The ex-dividend date of this dividend is Friday, September 11th. This represents a $0.68 annualized dividend and a yield of 2.0%. NAPCO Security Technologies’s payout ratio is 56.20%.

Analysts Set New Price Targets

Several equities research analysts have commented on the stock. Benchmark reaffirmed a “buy” rating on shares of NAPCO Security Technologies in a report on Tuesday. Wall Street Zen downgraded shares of NAPCO Security Technologies from a “buy” rating to a “hold” rating in a research note on Saturday, July 4th. TD Cowen reissued a “buy” rating and issued a $53.00 price target (up from $50.00) on shares of NAPCO Security Technologies in a research report on Tuesday, May 5th. Weiss Ratings restated a “hold (c)” rating on shares of NAPCO Security Technologies in a research note on Friday, August 7th. Finally, DA Davidson set a $52.00 price objective on shares of NAPCO Security Technologies in a report on Tuesday. Six analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $50.40.

Read Our Latest Stock Report on NAPCO Security Technologies

Institutional Trading of NAPCO Security Technologies

A number of institutional investors have recently added to or reduced their stakes in the stock. IFP Advisors Inc grew its holdings 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 valued at $25,000 after buying an additional 377 shares in the last quarter. KBC Group NV purchased a new stake in shares of NAPCO Security Technologies in the first quarter worth about $26,000. Advisory Services Network LLC purchased a new stake in shares of NAPCO Security Technologies in the third quarter worth about $41,000. Blue Trust Inc. bought a new position in shares of NAPCO Security Technologies in the first quarter valued at approximately $44,000. Finally, Kemnay Advisory Services Inc. bought a new position in shares of NAPCO Security Technologies in the fourth quarter valued at approximately $107,000. Hedge funds and other institutional investors own 85.07% of the company’s stock.

NAPCO Security Technologies Company Profile

(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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