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 shares were sold at an average price of $37.12, for a total transaction of $26,280.96. Following the completion of the sale, the director now directly owns 2,681 shares of the company’s stock, valued at approximately $99,518.72. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Napco Security Technologies Stock Performance

Shares of NSSC stock traded up $0.99 during trading hours on Monday, hitting $39.42. The company had a trading volume of 581,938 shares, compared to its average volume of 449,966. Napco Security Technologies, Inc. has a 12 month low of $17.76 and a 12 month high of $58.09. The firm has a market capitalization of $1.45 billion, a price-to-earnings ratio of 30.49 and a beta of 1.64. The firm’s fifty day moving average is $50.44 and its 200 day moving average is $46.98.

Napco Security Technologies (NASDAQ:NSSC) last announced its quarterly earnings data on Monday, August 26th. The industrial products company reported $0.36 EPS for the quarter, beating analysts’ consensus estimates of $0.35 by $0.01. The firm had revenue of $50.33 million for the quarter, compared to analyst estimates 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 last year, the company earned $0.28 EPS. On average, sell-side analysts expect that Napco Security Technologies, Inc. will post 1.85 EPS for the current fiscal year.

Napco Security Technologies Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 3rd. Investors of record on Thursday, September 12th will be paid a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a yield of 1.27%. The ex-dividend date is Thursday, September 12th. This is an increase from Napco Security Technologies’s previous quarterly dividend of $0.10. Napco Security Technologies’s dividend payout ratio (DPR) is presently 39.68%.

Analysts Set New Price Targets

NSSC has been the subject of a number of recent analyst reports. Lake Street Capital raised their price target on shares of Napco Security Technologies from $54.00 to $60.00 and gave the stock a “buy” rating in a research report on Wednesday, June 12th. Craig Hallum reissued a “buy” rating and set a $65.00 price target (up previously from $50.00) on shares of Napco Security Technologies in a report on Friday, May 24th. TD Cowen assumed coverage on shares of Napco Security Technologies in a report on Tuesday, May 28th. They set a “buy” rating and a $60.00 price target for the company. DA Davidson upped their price objective on shares of Napco Security Technologies from $53.00 to $55.00 and gave the stock a “buy” rating in a report on Tuesday, August 27th. Finally, Needham & Company LLC boosted their price target on shares of Napco Security Technologies from $52.00 to $57.00 and gave the stock 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 company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $55.29.

Institutional Trading of Napco Security Technologies

Several hedge funds have recently added to or reduced their stakes in the business. First Horizon Advisors Inc. raised its stake in shares of Napco Security Technologies by 810.3% in the 2nd quarter. First Horizon Advisors Inc. now owns 528 shares of the industrial products company’s stock valued at $27,000 after purchasing an additional 470 shares during the period. Quarry LP grew its holdings in Napco Security Technologies by 91.2% during the second quarter. Quarry LP now owns 654 shares of the industrial products company’s stock worth $34,000 after purchasing an additional 312 shares during the period. Hollencrest Capital Management bought a new position in Napco Security Technologies during the first quarter worth about $27,000. Whittier Trust Co. acquired a new stake in Napco Security Technologies during the first quarter worth approximately $28,000. Finally, Quadrant Capital Group LLC lifted its position in Napco Security Technologies by 332.9% during the fourth quarter. Quadrant Capital Group LLC now owns 736 shares of the industrial products company’s stock worth $25,000 after acquiring an additional 566 shares during the last quarter. Institutional investors and hedge funds own 85.07% 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.