Richard Soloway Sells 250,000 Shares of Napco Security Technologies, Inc. (NASDAQ:NSSC) Stock

Napco Security Technologies, Inc. (NASDAQ:NSSC) CEO Richard Soloway sold 250,000 shares of the firm’s stock in a transaction on Wednesday, May 8th. The shares were sold at an average price of $44.20, for a total value of $11,050,000.00. Following the transaction, the chief executive officer now directly owns 1,406,010 shares of the company’s stock, valued at approximately $62,145,642. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

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

• On Monday, April 8th, Richard Soloway sold 50,000 shares of Napco Security Technologies stock. The stock was sold at an average price of $40.75, for a total transaction of $2,037,500.00.
• On Wednesday, February 14th, Richard Soloway sold 28,000 shares of Napco Security Technologies stock. The stock was sold at an average price of $45.12, for a total transaction of $1,263,360.00.

Napco Security Technologies Trading Up 0.4 %

Shares of NSSC stock opened at $44.63 on Friday. The stock has a market capitalization of $1.64 billion, a P/E ratio of 37.50 and a beta of 1.51. The firm’s 50 day moving average is $41.01 and its 200 day moving average is $35.85. Napco Security Technologies, Inc. has a 12-month low of $17.76 and a 12-month high of $46.41.

Napco Security Technologies (NASDAQ:NSSC) last issued its quarterly earnings data on Monday, May 6th. The industrial products company reported $0.36 EPS for the quarter, topping the consensus estimate of $0.33 by $0.03. Napco Security Technologies had a return on equity of 30.81% and a net margin of 25.08%. The company had revenue of $49.30 million during the quarter, compared to analyst estimates of $48.16 million. During the same quarter in the previous year, the company posted $0.29 earnings per share. Napco Security Technologies’s revenue was up 13.3% compared to the same quarter last year. As a group, equities analysts predict that Napco Security Technologies, Inc. will post 1.31 earnings per share for the current year.

Napco Security Technologies Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 24th. Stockholders of record on Monday, June 3rd will be given a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 0.90%. The ex-dividend date is Monday, June 3rd. Napco Security Technologies’s payout ratio is currently 33.61%.

Wall Street Analysts Forecast Growth

NSSC has been the topic of a number of analyst reports. DA Davidson began coverage on Napco Security Technologies in a research report on Friday, April 26th. They issued a “buy” rating and a $52.00 price target on the stock. B. Riley increased their target price on Napco Security Technologies from $36.00 to $45.00 and gave the stock a “neutral” rating in a research note on Tuesday. Needham & Company LLC lifted their price target on Napco Security Technologies from $46.00 to $52.00 and gave the stock a “buy” rating in a research report on Tuesday. Imperial Capital downgraded shares of Napco Security Technologies from an “outperform” rating to an “in-line” rating and set a $45.00 price objective on the stock. in a research report on Tuesday, February 6th. Finally, StockNews.com lowered shares of Napco Security Technologies from a “buy” rating to a “hold” rating in a research note on Tuesday, February 13th. Five investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Napco Security Technologies presently has an average rating of “Hold” and a consensus price target of $41.83.

Hedge Funds Weigh In On Napco Security Technologies

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Allspring Global Investments Holdings LLC increased its holdings in Napco Security Technologies by 159.3% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 156,584 shares of the industrial products company’s stock valued at $5,363,000 after buying an additional 96,205 shares during the last quarter. Cumberland Partners Ltd purchased a new stake in shares of Napco Security Technologies in the 4th quarter worth $1,028,000. Ziegler Capital Management LLC bought a new position in Napco Security Technologies in the 4th quarter worth $3,143,000. First National Advisers LLC purchased a new position in Napco Security Technologies during the third quarter valued at $259,000. Finally, Raymond James Financial Services Advisors Inc. bought a new stake in Napco Security Technologies during the fourth quarter valued at about $356,000. 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 products in the United States and internationally. The company offers access control systems, door-locking products, intrusion and fire alarm systems, and video surveillance systems for commercial, residential, institutional, industrial, and governmental applications.