NAPCO Security Technologies (NASDAQ:NSSC) Director Sells $725,704.44 in Stock

NAPCO Security Technologies, Inc. (NASDAQ:NSSC) Director Donna Anne Soloway sold 20,962 shares of the firm’s stock in a transaction dated Thursday, August 27th. The shares were sold at an average price of $34.62, for a total value of $725,704.44. Following the completion of the transaction, the director owned 20,962 shares of the company’s stock, valued at $725,704.44. The trade was a 50.00% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Donna Anne Soloway also recently made the following trade(s):

• On Wednesday, August 26th, Donna Anne Soloway sold 28,000 shares of NAPCO Security Technologies stock. The stock was sold at an average price of $35.98, for a total value of $1,007,440.00.

NAPCO Security Technologies Stock Performance

Shares of NASDAQ NSSC opened at $35.35 on Monday. The stock has a 50 day moving average price of $37.44 and a 200 day moving average price of $39.79. The stock has a market capitalization of $1.26 billion, a PE ratio of 29.21 and a beta of 1.45. NAPCO Security Technologies, Inc. has a 52 week low of $33.91 and a 52 week high of $51.77.

NAPCO Security Technologies (NASDAQ:NSSC) last posted its quarterly earnings results on Monday, August 24th. The industrial products company reported $0.50 earnings per share for the quarter, topping 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 quarter in the previous year, the firm earned $0.33 EPS. The business’s quarterly revenue was up 10.1% on a year-over-year basis. As a group, research analysts forecast that NAPCO Security Technologies, Inc. will post 1.66 EPS for the current year.

NAPCO Security Technologies Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, October 2nd. Shareholders of record on Friday, September 11th will be given a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a yield of 1.9%. 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. NAPCO Security Technologies’s payout ratio is currently 49.59%.

Institutional Trading of NAPCO Security Technologies

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

Key NAPCO Security Technologies News

Here are the key news stories impacting NAPCO Security Technologies this week:

• Negative Sentiment: Chairman Richard Soloway sold a combined 475,000 shares on August 26 and 27 for approximately $16.5 million. The transactions reduced his direct ownership by roughly 46%, leaving him with 621,958 shares. The size of the sales may concern investors because they came from a senior executive, although the filings do not state the reason for the transactions. SEC filing for Richard Soloway stock sales
• Negative Sentiment: Director Donna Anne Soloway sold 48,962 shares across the same two sessions for approximately $1.7 million, cutting her holdings to 20,962 shares. The combined insider sales totaled 523,962 shares and more than $18.2 million in proceeds. SEC filing for Donna Anne Soloway stock sales
• Negative Sentiment: NSSC shares hit a new 52-week low, reinforcing concerns about momentum. The stock is trading below both its 50-day and 200-day moving averages, indicating continued technical weakness. NAPCO Security Technologies hits new 52-week low

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the stock. DA Davidson set a $52.00 target price on shares of NAPCO Security Technologies in a report on Tuesday, August 25th. Wall Street Zen cut NAPCO Security Technologies from a “buy” rating to a “hold” rating in a report on Saturday, July 4th. Needham & Company LLC reissued a “buy” rating and set a $49.00 price target on shares of NAPCO Security Technologies in a research report on Friday, August 21st. TD Cowen reaffirmed a “buy” rating and issued a $53.00 price objective (up from $50.00) on shares of NAPCO Security Technologies in a research report on Tuesday, May 5th. Finally, Benchmark reiterated a “buy” rating on shares of NAPCO Security Technologies in a research note on Tuesday, August 25th. Six analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, NAPCO Security Technologies currently has a consensus rating of “Moderate Buy” and an average price target of $50.40.

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.