Insider Selling: NAPCO Security Technologies (NASDAQ:NSSC) CEO Sells $6,411,000.00 in Stock

NAPCO Security Technologies, Inc. (NASDAQ:NSSC) CEO Richard Soloway sold 150,000 shares of the business’s stock in a transaction dated Thursday, February 5th. The stock was sold at an average price of $42.74, for a total transaction of $6,411,000.00. Following the completion of the transaction, the chief executive officer directly owned 1,256,010 shares of the company’s stock, valued at approximately $53,681,867.40. This represents a 10.67% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.

NAPCO Security Technologies Trading Up 0.4%

Shares of NSSC stock opened at $43.65 on Monday. NAPCO Security Technologies, Inc. has a 1 year low of $19.00 and a 1 year high of $48.12. The firm’s 50 day moving average is $41.07 and its 200-day moving average is $39.71. The firm has a market capitalization of $1.56 billion, a price-to-earnings ratio of 32.82 and a beta of 1.51.

NAPCO Security Technologies (NASDAQ:NSSC) last posted its quarterly earnings data on Monday, February 2nd. The industrial products company reported $0.38 earnings per share for the quarter, topping 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 firm had revenue of $48.17 million during the quarter, compared to analysts’ expectations of $47.82 million. During the same quarter in the previous year, the company posted $0.28 EPS. NAPCO Security Technologies’s revenue was up 12.4% on a year-over-year basis. On average, equities research analysts forecast that NAPCO Security Technologies, Inc. will post 1.24 earnings per share for the current fiscal year.

NAPCO Security Technologies Increases Dividend

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

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Vanguard Group Inc. raised its holdings in NAPCO Security Technologies by 1.1% in the fourth quarter. Vanguard Group Inc. now owns 2,882,063 shares of the industrial products company’s stock worth $120,182,000 after purchasing an additional 31,644 shares during the period. Fundsmith LLP increased its position in shares of NAPCO Security Technologies by 86.4% in the 3rd quarter. Fundsmith LLP now owns 1,779,857 shares of the industrial products company’s stock valued at $76,445,000 after buying an additional 824,945 shares in the last quarter. Geode Capital Management LLC increased its position in shares of NAPCO Security Technologies by 1.4% in the 2nd quarter. Geode Capital Management LLC now owns 1,031,547 shares of the industrial products company’s stock valued at $30,630,000 after buying an additional 14,501 shares in the last quarter. Arrowstreet Capital Limited Partnership raised its stake in NAPCO Security Technologies by 668.4% during the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 861,141 shares of the industrial products company’s stock worth $36,986,000 after buying an additional 749,065 shares during the period. Finally, Millennium Management LLC lifted its holdings 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 in the last quarter. Institutional investors own 85.07% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently commented on NSSC. Mizuho set a $48.00 price objective on NAPCO Security Technologies and gave the stock an “outperform” rating in a research report on Friday, October 17th. DA Davidson reaffirmed a “buy” rating and issued a $50.00 target price on shares of NAPCO Security Technologies in a research note on Tuesday, February 3rd. Zacks Research downgraded shares of NAPCO Security Technologies from a “strong-buy” rating to a “hold” rating in a research note on Thursday, November 6th. Needham & Company LLC restated a “buy” rating and issued a $49.00 price objective (up from $47.00) on shares of NAPCO Security Technologies in a report on Monday, February 2nd. Finally, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of NAPCO Security Technologies in a research note on Wednesday, January 28th. Six research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $47.83.

About NAPCO Security Technologies

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.