NAPCO Security Technologies, Inc. (NASDAQ:NSSC) Plans Quarterly Dividend of $0.17

NAPCO Security Technologies, Inc. (NASDAQ:NSSC) announced a quarterly dividend on Monday, August 24th. Shareholders of record on Friday, September 11th will be given a dividend of 0.17 per share by the industrial products company on Friday, October 2nd. This represents a c) annualized dividend and a yield of 1.8%. The ex-dividend date is Friday, September 11th. This is a 13.3% increase from NAPCO Security Technologies’s previous quarterly dividend of $0.15.

NAPCO Security Technologies has a dividend payout ratio of 50.8% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect NAPCO Security Technologies to earn $1.66 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 36.1%.

NAPCO Security Technologies Stock Down 1.3%

NSSC traded down $0.50 on Monday, hitting $37.59. The company’s stock had a trading volume of 2,336,925 shares, compared to its average volume of 490,651. The company’s 50 day simple moving average is $37.55 and its 200-day simple moving average is $40.05. NAPCO Security Technologies has a 12 month low of $31.47 and a 12 month high of $51.77. The firm has a market cap of $1.34 billion, a P/E ratio of 36.14 and a beta of 1.45.

NAPCO Security Technologies (NASDAQ:NSSC) last issued its quarterly earnings data on Monday, August 24th. The industrial products company reported $0.50 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.39 by $0.11. NAPCO Security Technologies had a return on equity of 28.93% and a net margin of 18.70%.The business had revenue of $55.81 million for the quarter, compared to analysts’ expectations of $52.53 million. During the same quarter in the prior year, the firm posted $0.33 EPS. The firm’s quarterly revenue was up 10.1% on a year-over-year basis. Equities analysts predict that NAPCO Security Technologies will post 1.49 earnings per share for the current fiscal year.

Institutional Investors Weigh In On NAPCO Security Technologies

A number of institutional investors have recently made changes to their positions in the business. IFP Advisors Inc raised its position in NAPCO Security Technologies by 193.3% in the 3rd 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 period. KBC Group NV bought a new position in shares of NAPCO Security Technologies during the first quarter valued at about $26,000. Advisory Services Network LLC purchased a new position in shares of NAPCO Security Technologies in the third quarter worth about $41,000. Blue Trust Inc. bought a new stake in shares of NAPCO Security Technologies in the 1st quarter valued at about $44,000. Finally, Acadian Asset Management LLC purchased a new stake in NAPCO Security Technologies during the 1st quarter valued at about $91,000. Hedge funds and other institutional investors own 85.07% of the company’s stock.

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.