NAPCO Security Technologies (NASDAQ:NSSC) Director Sells $1,007,440.00 in Stock

NAPCO Security Technologies, Inc. (NASDAQ:NSSC) Director Donna Anne Soloway sold 28,000 shares of NAPCO Security Technologies stock in a transaction dated Wednesday, August 26th. The shares were sold at an average price of $35.98, for a total transaction of $1,007,440.00. Following the sale, the director directly owned 20,962 shares in the company, valued at $754,212.76. The trade was a 57.19% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website.

Donna Anne Soloway also recently made the following trade(s):

• On Thursday, August 27th, Donna Anne Soloway sold 20,962 shares of NAPCO Security Technologies stock. The shares were sold at an average price of $34.62, for a total transaction of $725,704.44.

NAPCO Security Technologies Price Performance

NSSC stock opened at $35.35 on Monday. NAPCO Security Technologies, Inc. has a 1 year low of $33.91 and a 1 year high of $51.77. The firm has a 50-day moving average of $37.44 and a 200 day moving average of $39.79. The company has a market cap of $1.26 billion, a P/E ratio of 29.21 and a beta of 1.45.

NAPCO Security Technologies (NASDAQ:NSSC) last posted its quarterly earnings data on Monday, August 24th. The industrial products company reported $0.50 earnings per share for the quarter, beating the consensus estimate of $0.39 by $0.11. NAPCO Security Technologies had a return on equity of 31.41% and a net margin of 21.27%.The business had revenue of $55.81 million for the quarter, compared to analysts’ expectations of $52.51 million. During the same period in the previous year, the firm posted $0.33 EPS. The business’s revenue was up 10.1% on a year-over-year basis. On average, equities research analysts expect that NAPCO Security Technologies, Inc. will post 1.66 earnings per share for the current fiscal year.

NAPCO Security Technologies Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, October 2nd. Stockholders of record on Friday, September 11th will be paid a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.9%. The ex-dividend date is Friday, September 11th. This is a boost from NAPCO Security Technologies’s previous quarterly dividend of $0.15. NAPCO Security Technologies’s dividend payout ratio (DPR) is 49.59%.

Institutional Trading of NAPCO Security Technologies

Hedge funds have recently made changes to their positions in the stock. Corient Private Wealth LP grew its stake in shares of NAPCO Security Technologies by 326.5% in the 2nd quarter. Corient Private Wealth LP now owns 48,576 shares of the industrial products company’s stock worth $1,845,000 after buying an additional 37,186 shares during the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new position in NAPCO Security Technologies during the second quarter valued at $1,555,000. California State Teachers Retirement System raised its stake in NAPCO Security Technologies by 2,978.8% during the second quarter. California State Teachers Retirement System now owns 1,493,108 shares of the industrial products company’s stock valued at $56,708,000 after buying an additional 1,444,612 shares during the last quarter. SkyOak Wealth LLC boosted its holdings in NAPCO Security Technologies by 14.2% in the second quarter. SkyOak Wealth LLC now owns 7,036 shares of the industrial products company’s stock worth $267,000 after acquiring an additional 874 shares in the last quarter. Finally, Fundsmith LLP boosted its holdings in NAPCO Security Technologies by 58.2% in the second quarter. Fundsmith LLP now owns 606,974 shares of the industrial products company’s stock worth $23,053,000 after acquiring an additional 223,378 shares in the last quarter. 85.07% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on NSSC. Weiss Ratings reaffirmed a “hold (c)” rating on shares of NAPCO Security Technologies in a research note on Friday, August 7th. TD Cowen restated a “buy” rating and set a $53.00 target price (up from $50.00) on shares of NAPCO Security Technologies in a report on Tuesday, May 5th. Needham & Company LLC restated a “buy” rating and set a $49.00 target price on shares of NAPCO Security Technologies in a report on Friday, August 21st. Wall Street Zen downgraded shares of NAPCO Security Technologies from a “buy” rating to a “hold” rating in a research report on Saturday, July 4th. Finally, Benchmark reiterated a “buy” rating on shares of NAPCO Security Technologies in a research note on Tuesday, August 25th. Six research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $50.40.

Trending Headlines about NAPCO Security Technologies

Here are the key news stories impacting NAPCO Security Technologies this week:

• Negative Sentiment: Chairman Richard Soloway sold a combined 475,000 shares on August 26 and 27 for approximately $16.5 million. The transactions reduced his direct ownership by roughly 46%, leaving him with 621,958 shares. The size of the sales may concern investors because they came from a senior executive, although the filings do not state the reason for the transactions. SEC filing for Richard Soloway stock sales
• Negative Sentiment: Director Donna Anne Soloway sold 48,962 shares across the same two sessions for approximately $1.7 million, cutting her holdings to 20,962 shares. The combined insider sales totaled 523,962 shares and more than $18.2 million in proceeds. SEC filing for Donna Anne Soloway stock sales
• Negative Sentiment: NSSC shares hit a new 52-week low, reinforcing concerns about momentum. The stock is trading below both its 50-day and 200-day moving averages, indicating continued technical weakness. NAPCO Security Technologies hits new 52-week low

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.