ADT (NYSE:ADT) Hits New 1-Year High at $7.84

ADT Inc. (NYSE:ADT)’s stock price hit a new 52-week high during trading on Thursday . The company traded as high as $7.84 and last traded at $7.82, with a volume of 345350 shares changing hands. The stock had previously closed at $7.74.

Wall Street Analysts Forecast Growth

Separately, Barclays reduced their price objective on shares of ADT from $8.00 to $7.00 and set an “underweight” rating on the stock in a report on Friday, March 22nd.

ADT Price Performance

The firm has a 50-day moving average price of $7.32 and a two-hundred day moving average price of $6.84. The firm has a market cap of $7.14 billion, a price-to-earnings ratio of 11.06 and a beta of 1.59. The company has a debt-to-equity ratio of 2.03, a quick ratio of 0.56 and a current ratio of 0.71.

ADT (NYSE:ADT) last announced its quarterly earnings results on Thursday, April 25th. The security and automation business reported $0.16 EPS for the quarter, beating the consensus estimate of $0.15 by $0.01. The company had revenue of $1.21 billion for the quarter, compared to analyst estimates of $1.19 billion. ADT had a net margin of 12.81% and a return on equity of 15.98%. The firm’s revenue was down 5.3% on a year-over-year basis. During the same period in the prior year, the firm posted $0.11 earnings per share. On average, sell-side analysts forecast that ADT Inc. will post 0.67 earnings per share for the current year.

ADT Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, July 9th. Investors of record on Thursday, June 13th were given a $0.055 dividend. The ex-dividend date of this dividend was Thursday, June 13th. This represents a $0.22 dividend on an annualized basis and a yield of 2.84%. ADT’s dividend payout ratio (DPR) is presently 31.43%.

Institutional Trading of ADT

Large investors have recently made changes to their positions in the company. Janney Montgomery Scott LLC lifted its stake in ADT by 3.0% in the first quarter. Janney Montgomery Scott LLC now owns 75,863 shares of the security and automation business’s stock valued at $510,000 after buying an additional 2,183 shares during the last quarter. TFO Wealth Partners LLC raised its position in ADT by 10,738.7% in the 4th quarter. TFO Wealth Partners LLC now owns 3,360 shares of the security and automation business’s stock valued at $211,000 after purchasing an additional 3,329 shares during the last quarter. BNP Paribas Financial Markets boosted its stake in ADT by 1.1% during the 1st quarter. BNP Paribas Financial Markets now owns 375,429 shares of the security and automation business’s stock worth $2,523,000 after purchasing an additional 3,931 shares during the period. MQS Management LLC grew its position in ADT by 34.4% during the 1st quarter. MQS Management LLC now owns 16,796 shares of the security and automation business’s stock worth $113,000 after purchasing an additional 4,300 shares during the last quarter. Finally, Blueshift Asset Management LLC increased its stake in ADT by 20.5% in the fourth quarter. Blueshift Asset Management LLC now owns 27,377 shares of the security and automation business’s stock valued at $187,000 after purchasing an additional 4,661 shares during the period. 87.22% of the stock is owned by institutional investors and hedge funds.

ADT Company Profile

ADT Inc provides security, interactive, and smart home solutions to residential and small business customers in the United States. It operates through two segments, Consumer and Small Business, and Solar. The company provides burglar and life safety alarms, smart security cameras, smart home automation systems, and video surveillance systems.