Richard Soloway Sells 150,000 Shares of NAPCO Security Technologies (NASDAQ:NSSC) Stock

NAPCO Security Technologies, Inc. (NASDAQ:NSSC) CEO Richard Soloway sold 150,000 shares of the stock in a transaction that occurred on Thursday, February 5th. The shares were sold at an average price of $42.74, for a total value of $6,411,000.00. Following the transaction, the chief executive officer directly owned 1,256,010 shares of the company’s stock, valued at $53,681,867.40. The trade was a 10.67% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

NAPCO Security Technologies Stock Performance

NASDAQ NSSC opened at $43.65 on Friday. NAPCO Security Technologies, Inc. has a one year low of $19.00 and a one year high of $48.12. The company has a market cap of $1.56 billion, a P/E ratio of 32.82 and a beta of 1.51. The business has a fifty day moving average price of $41.07 and a 200 day moving average price of $39.64.

NAPCO Security Technologies (NASDAQ:NSSC) last posted its quarterly earnings results on Monday, February 2nd. The industrial products company reported $0.38 earnings per share for the quarter, topping the consensus estimate of $0.33 by $0.05. The firm had revenue of $48.17 million for the quarter, compared to the consensus estimate of $47.82 million. NAPCO Security Technologies had a net margin of 24.70% and a return on equity of 27.45%. The company’s revenue for the quarter was up 12.4% on a year-over-year basis. During the same period last year, the firm posted $0.28 earnings per share. As a group, sell-side analysts predict that NAPCO Security Technologies, Inc. will post 1.24 EPS for the current fiscal year.

NAPCO Security Technologies Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, April 3rd. Shareholders of record on Thursday, March 12th will be issued a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 1.4%. The ex-dividend date is Thursday, March 12th. This is an increase from NAPCO Security Technologies’s previous quarterly dividend of $0.14. NAPCO Security Technologies’s dividend payout ratio (DPR) is currently 45.11%.

Institutional Investors Weigh In On NAPCO Security Technologies

Several large investors have recently modified their holdings of the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in shares of NAPCO Security Technologies by 4.4% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 20,899 shares of the industrial products company’s stock worth $481,000 after acquiring an additional 885 shares during the period. Millennium Management LLC grew its position in shares of NAPCO Security Technologies by 62.4% in the first quarter. Millennium Management LLC now owns 769,789 shares of the industrial products company’s stock valued at $17,721,000 after purchasing an additional 295,755 shares during the last quarter. Goldman Sachs Group Inc. grew its holdings in NAPCO Security Technologies by 75.8% during the 1st quarter. Goldman Sachs Group Inc. now owns 589,290 shares of the industrial products company’s stock valued at $13,565,000 after buying an additional 254,007 shares during the last quarter. Jane Street Group LLC boosted its stake in shares of NAPCO Security Technologies by 351.7% during the first quarter. Jane Street Group LLC now owns 98,221 shares of the industrial products company’s stock valued at $2,261,000 after acquiring an additional 76,478 shares during the last quarter. Finally, Acadian Asset Management LLC acquired a new stake in shares of NAPCO Security Technologies during the 1st quarter worth about $91,000. Hedge funds and other institutional investors own 85.07% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on NSSC shares. DA Davidson reiterated a “buy” rating and issued a $50.00 price objective on shares of NAPCO Security Technologies in a research report on Tuesday, February 3rd. Zacks Research lowered shares of NAPCO Security Technologies from a “strong-buy” rating to a “hold” rating in a research note on Thursday, November 6th. TD Cowen upgraded NAPCO Security Technologies from a “hold” rating to a “buy” rating in a report on Tuesday, November 4th. Mizuho set a $48.00 price target on shares of NAPCO Security Technologies and gave the stock an “outperform” rating in a research note on Friday, October 17th. Finally, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of NAPCO Security Technologies in a report on Wednesday, January 28th. Six equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, NAPCO Security Technologies presently has a consensus rating of “Moderate Buy” and an average price target of $47.83.

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.