Napco Security Technologies (NASDAQ:NSSC) Issues Earnings Results, Beats Estimates By $0.03 EPS

Napco Security Technologies (NASDAQ:NSSC) issued its earnings results on Monday. The industrial products company reported $0.36 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.33 by $0.03, RTT News reports. Napco Security Technologies had a net margin of 25.08% and a return on equity of 30.81%. The company had revenue of $49.30 million during the quarter, compared to analyst estimates of $48.16 million. During the same quarter last year, the business posted $0.29 EPS. The company’s revenue for the quarter was up 13.3% on a year-over-year basis.

Napco Security Technologies Stock Down 0.4 %

NASDAQ:NSSC traded down $0.18 on Thursday, reaching $44.27. The stock had a trading volume of 37,893 shares, compared to its average volume of 356,020. The company has a market capitalization of $1.63 billion, a P/E ratio of 37.35 and a beta of 1.51. Napco Security Technologies has a 1-year low of $17.76 and a 1-year high of $46.41. The stock has a fifty day moving average price of $41.02 and a 200-day moving average price of $35.79.

Napco Security Technologies Dividend Announcement

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

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the company. Imperial Capital lowered Napco Security Technologies from an “outperform” rating to an “in-line” rating and set a $45.00 target price on the stock. in a research report on Tuesday, February 6th. Needham & Company LLC upped their target price on Napco Security Technologies from $46.00 to $52.00 and gave the stock a “buy” rating in a research report on Tuesday. DA Davidson started 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 boosted their price objective on Napco Security Technologies from $36.00 to $45.00 and gave the stock a “neutral” rating in a research report on Tuesday. Finally, StockNews.com lowered Napco Security Technologies from a “buy” rating to a “hold” rating in a report on Tuesday, February 13th. Five investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, Napco Security Technologies presently has an average rating of “Hold” and a consensus target price of $41.83.

Insider Buying and Selling

In other Napco Security Technologies news, CEO Richard Soloway sold 28,000 shares of the stock in a transaction dated Wednesday, February 14th. The shares were sold at an average price of $45.12, for a total transaction of $1,263,360.00. Following the sale, the chief executive officer now owns 3,706,010 shares of the company’s stock, valued at approximately $167,215,171.20. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In related news, CEO Richard Soloway sold 28,000 shares of the business’s stock in a transaction that occurred on Wednesday, February 14th. The shares were sold at an average price of $45.12, for a total transaction of $1,263,360.00. Following the completion of the sale, the chief executive officer now directly owns 3,706,010 shares of the company’s stock, valued at $167,215,171.20. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, SVP Michael Carrieri sold 5,200 shares of the business’s stock in a transaction dated Friday, February 9th. The stock was sold at an average price of $45.92, for a total value of $238,784.00. Following the transaction, the senior vice president now owns 14,232 shares of the company’s stock, valued at $653,533.44. The disclosure for this sale can be found here. Insiders have sold a total of 343,200 shares of company stock worth $15,037,644 in the last three months. Insiders own 11.54% of the company’s stock.

About Napco Security Technologies

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.