Insider Selling: NAPCO Security Technologies (NASDAQ:NSSC) CEO Sells $5,834,393.18 in Stock

NAPCO Security Technologies, Inc. (NASDAQ:NSSC) CEO Richard Soloway sold 129,682 shares of NAPCO Security Technologies stock in a transaction that occurred on Monday, March 2nd. The stock was sold at an average price of $44.99, for a total value of $5,834,393.18. Following the completion of the transaction, the chief executive officer directly owned 1,152,276 shares in the company, valued at $51,840,897.24. This trade represents a 10.12% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Richard Soloway also recently made the following trade(s):

• On Thursday, February 5th, Richard Soloway sold 150,000 shares of NAPCO Security Technologies stock. The stock was sold at an average price of $42.74, for a total value of $6,411,000.00.

NAPCO Security Technologies Stock Performance

NAPCO Security Technologies stock opened at $42.15 on Friday. The stock has a fifty day moving average of $42.12 and a 200 day moving average of $41.82. NAPCO Security Technologies, Inc. has a one year low of $19.00 and a one year high of $48.12. The stock has a market cap of $1.50 billion, a PE ratio of 31.69 and a beta of 1.45.

NAPCO Security Technologies (NASDAQ:NSSC) last released its quarterly earnings data on Monday, February 2nd. The industrial products company reported $0.38 EPS for the quarter, beating the consensus estimate of $0.33 by $0.05. NAPCO Security Technologies had a net margin of 24.70% and a return on equity of 27.45%. The business had revenue of $48.17 million for the quarter, compared to the consensus estimate of $47.82 million. During the same period in the prior year, the firm earned $0.28 EPS. The business’s revenue for the quarter was up 12.4% on a year-over-year basis. As a group, sell-side analysts predict that NAPCO Security Technologies, Inc. will post 1.24 EPS for the current fiscal year.

NAPCO Security Technologies Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 3rd. Shareholders of record on Thursday, March 12th will be given a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.4%. This is an increase from NAPCO Security Technologies’s previous quarterly dividend of $0.14. The ex-dividend date is Thursday, March 12th. NAPCO Security Technologies’s payout ratio is currently 42.11%.

Hedge Funds Weigh In On NAPCO Security Technologies

Institutional investors have recently bought and sold shares of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in NAPCO Security Technologies by 4.4% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 20,899 shares of the industrial products company’s stock worth $481,000 after purchasing an additional 885 shares during the last quarter. Millennium Management LLC raised 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 holdings in shares of NAPCO Security Technologies by 75.8% in the first quarter. Goldman Sachs Group Inc. now owns 589,290 shares of the industrial products company’s stock valued at $13,565,000 after purchasing an additional 254,007 shares in the last quarter. Jane Street Group LLC grew its position in shares of NAPCO Security Technologies by 351.7% in the first quarter. Jane Street Group LLC now owns 98,221 shares of the industrial products company’s stock valued at $2,261,000 after purchasing an additional 76,478 shares during the last quarter. Finally, Acadian Asset Management LLC purchased a new position in shares of NAPCO Security Technologies during the 1st quarter worth approximately $91,000. 85.07% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages recently weighed in on NSSC. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of NAPCO Security Technologies in a research note on Wednesday, January 28th. Needham & Company LLC reissued a “buy” rating and issued a $49.00 price target (up from $47.00) on shares of NAPCO Security Technologies in a research note on Monday, February 2nd. Finally, DA Davidson reaffirmed a “buy” rating and issued a $50.00 price target on shares of NAPCO Security Technologies in a research note on Tuesday, February 3rd. 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, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $47.83.

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.