NAPCO Security Technologies, Inc. (NSSC) to Issue Quarterly Dividend of $0.15 on July 3rd

NAPCO Security Technologies, Inc. (NASDAQ:NSSC) declared a quarterly dividend on Thursday, April 30th. Shareholders of record on Friday, June 12th will be paid a dividend of 0.15 per share by the industrial products company on Friday, July 3rd. This represents a c) dividend on an annualized basis and a yield of 1.7%. The ex-dividend date is Friday, June 12th.

NAPCO Security Technologies has a dividend payout ratio of 50.8% meaning its dividend is sufficiently covered by earnings. Analysts expect NAPCO Security Technologies to earn $1.64 per share next year, which means the company should continue to be able to cover its $0.60 annual dividend with an expected future payout ratio of 36.6%.

NAPCO Security Technologies Stock Up 0.4%

Shares of NASDAQ NSSC opened at $35.14 on Wednesday. The firm has a market capitalization of $1.26 billion, a P/E ratio of 33.79 and a beta of 1.45. The stock’s 50-day simple moving average is $40.22 and its two-hundred day simple moving average is $41.25. NAPCO Security Technologies has a twelve month low of $26.44 and a twelve month high of $48.12.

NAPCO Security Technologies (NASDAQ:NSSC) last announced its earnings results on Monday, May 4th. The industrial products company reported $0.39 earnings per share for the quarter, topping analysts’ consensus estimates of $0.35 by $0.04. The business had revenue of $49.17 million for the quarter, compared to analyst estimates of $49.26 million. NAPCO Security Technologies had a return on equity of 28.93% and a net margin of 18.70%.The company’s quarterly revenue was up 11.8% compared to the same quarter last year. During the same period in the prior year, the company earned $0.28 EPS. As a group, research analysts anticipate that NAPCO Security Technologies will post 1.48 EPS for the current fiscal year.

Hedge Funds Weigh In On NAPCO Security Technologies

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Amundi bought a new position in NAPCO Security Technologies during the 1st quarter worth approximately $209,000. California State Teachers Retirement System grew its position in NAPCO Security Technologies by 37.4% during the 1st quarter. California State Teachers Retirement System now owns 48,496 shares of the industrial products company’s stock worth $1,910,000 after acquiring an additional 13,207 shares during the last quarter. Quantinno Capital Management LP grew its position in NAPCO Security Technologies by 3.2% during the 1st quarter. Quantinno Capital Management LP now owns 19,464 shares of the industrial products company’s stock worth $767,000 after acquiring an additional 596 shares during the last quarter. Lazard Asset Management LLC grew its position in NAPCO Security Technologies by 6.2% during the 1st quarter. Lazard Asset Management LLC now owns 14,312 shares of the industrial products company’s stock worth $564,000 after acquiring an additional 841 shares during the last quarter. Finally, Rice Hall James & Associates LLC grew its position in NAPCO Security Technologies by 1.3% during the 1st quarter. Rice Hall James & Associates LLC now owns 146,773 shares of the industrial products company’s stock worth $5,781,000 after acquiring an additional 1,848 shares during the last quarter. 85.07% of the stock is currently owned by institutional investors.

About NAPCO Security Technologies

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.