Insider Selling: Napco Security Technologies, Inc. (NASDAQ:NSSC) Director Sells 708 Shares of Stock

Napco Security Technologies, Inc. (NASDAQ:NSSC) Director Paul Stephen Beeber sold 708 shares of the stock in a transaction that occurred on Thursday, September 12th. The stock was sold at an average price of $37.12, for a total value of $26,280.96. Following the transaction, the director now directly owns 2,681 shares of the company’s stock, valued at $99,518.72. The sale was disclosed in a filing with the SEC, which is available at this link.

Napco Security Technologies Trading Up 1.1 %

Shares of NSSC opened at $40.77 on Thursday. Napco Security Technologies, Inc. has a 12-month low of $17.76 and a 12-month high of $58.09. The stock has a market cap of $1.50 billion, a P/E ratio of 32.36 and a beta of 1.64. The company has a 50-day moving average of $49.60 and a two-hundred day moving average of $46.87.

Napco Security Technologies (NASDAQ:NSSC) last issued its quarterly earnings data on Monday, August 26th. The industrial products company reported $0.36 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.35 by $0.01. The firm had revenue of $50.33 million during the quarter, compared to the consensus estimate of $50.18 million. Napco Security Technologies had a return on equity of 30.51% and a net margin of 26.38%. During the same period in the previous year, the firm posted $0.28 EPS. As a group, analysts forecast that Napco Security Technologies, Inc. will post 1.85 EPS for the current fiscal year.

Napco Security Technologies Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 3rd. Stockholders of record on Thursday, September 12th will be given a $0.125 dividend. This is an increase from Napco Security Technologies’s previous quarterly dividend of $0.10. This represents a $0.50 annualized dividend and a dividend yield of 1.23%. The ex-dividend date of this dividend is Thursday, September 12th. Napco Security Technologies’s dividend payout ratio is currently 39.68%.

Wall Street Analyst Weigh In

Several research analysts have issued reports on NSSC shares. Craig Hallum reiterated a “buy” rating and issued a $65.00 price objective (up previously from $50.00) on shares of Napco Security Technologies in a research report on Friday, May 24th. Lake Street Capital reiterated a “buy” rating and issued a $60.00 price target on shares of Napco Security Technologies in a report on Tuesday. TD Cowen started coverage on shares of Napco Security Technologies in a report on Tuesday, May 28th. They set a “buy” rating and a $60.00 price objective on the stock. Needham & Company LLC increased their target price on shares of Napco Security Technologies from $52.00 to $57.00 and gave the company a “buy” rating in a report on Tuesday, August 27th. Finally, DA Davidson lifted their price target on shares of Napco Security Technologies from $53.00 to $55.00 and gave the company a “buy” rating in a research report on Tuesday, August 27th. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $55.29.

Institutional Trading of Napco Security Technologies

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Sei Investments Co. acquired a new stake in shares of Napco Security Technologies during the 1st quarter worth about $682,000. Annex Advisory Services LLC grew its stake in Napco Security Technologies by 13.3% in the 4th quarter. Annex Advisory Services LLC now owns 34,100 shares of the industrial products company’s stock worth $1,168,000 after acquiring an additional 3,990 shares during the period. Healthcare of Ontario Pension Plan Trust Fund acquired a new position in Napco Security Technologies in the 1st quarter valued at $2,610,000. Wasatch Advisors LP lifted its stake in shares of Napco Security Technologies by 13.3% during the 4th quarter. Wasatch Advisors LP now owns 571,416 shares of the industrial products company’s stock worth $19,571,000 after purchasing an additional 67,175 shares during the period. Finally, Campbell & CO Investment Adviser LLC acquired a new stake in shares of Napco Security Technologies during the fourth quarter worth $547,000. Hedge funds and other institutional investors own 85.07% of the company’s stock.

Napco Security Technologies Company Profile

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.