Richard Soloway Sells 250,000 Shares of Napco Security Technologies, Inc. (NASDAQ:NSSC) Stock

Napco Security Technologies, Inc. (NASDAQ:NSSC) CEO Richard Soloway sold 250,000 shares of the business’s stock in a transaction on Wednesday, May 8th. The stock was sold at an average price of $44.20, for a total transaction of $11,050,000.00. Following the completion of the sale, the chief executive officer now owns 1,406,010 shares in the company, valued at approximately $62,145,642. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.

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

• On Monday, April 8th, Richard Soloway sold 50,000 shares of Napco Security Technologies stock. The shares were sold at an average price of $40.75, for a total value of $2,037,500.00.
• On Wednesday, February 14th, Richard Soloway sold 28,000 shares of Napco Security Technologies stock. The stock was sold at an average price of $45.12, for a total value of $1,263,360.00.

Napco Security Technologies Trading Down 2.8 %

NSSC traded down $1.29 during trading on Wednesday, reaching $44.45. The stock had a trading volume of 743,795 shares, compared to its average volume of 359,768. The stock’s 50 day moving average is $41.02 and its two-hundred day moving average is $35.73. The company has a market capitalization of $1.63 billion, a price-to-earnings ratio of 37.64 and a beta of 1.51. Napco Security Technologies, Inc. has a one year low of $17.76 and a one year high of $46.41.

Napco Security Technologies (NASDAQ:NSSC) last announced its quarterly earnings results on Monday, May 6th. The industrial products company reported $0.36 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.33 by $0.03. The company had revenue of $49.30 million for the quarter, compared to the consensus estimate of $48.16 million. Napco Security Technologies had a net margin of 25.08% and a return on equity of 30.81%. Napco Security Technologies’s revenue for the quarter was up 13.3% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.29 EPS. On average, equities research analysts predict that Napco Security Technologies, Inc. will post 1.31 earnings per share for the current year.

Napco Security Technologies Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, June 24th. Shareholders of record on Monday, June 3rd will be given a dividend of $0.10 per share. The ex-dividend date is Monday, June 3rd. This represents a $0.40 annualized dividend and a yield of 0.90%. Napco Security Technologies’s dividend payout ratio (DPR) is presently 33.61%.

Wall Street Analyst Weigh In

A number of analysts have commented on the stock. StockNews.com cut shares of Napco Security Technologies from a “buy” rating to a “hold” rating in a research note on Tuesday, February 13th. Needham & Company LLC lifted their price objective on Napco Security Technologies from $46.00 to $52.00 and gave the stock a “buy” rating in a report on Tuesday. B. Riley increased their price target on Napco Security Technologies from $36.00 to $45.00 and gave the stock a “neutral” rating in a research report on Tuesday. Imperial Capital lowered Napco Security Technologies from an “outperform” rating to an “in-line” rating and set a $45.00 price objective on the stock. in a research note on Tuesday, February 6th. Finally, DA Davidson initiated coverage on Napco Security Technologies in a research note on Friday, April 26th. They set a “buy” rating and a $52.00 price target for the company. Five research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat.com, Napco Security Technologies presently has an average rating of “Hold” and a consensus price target of $41.83.

Institutional Trading of Napco Security Technologies

Several large investors have recently added to or reduced their stakes in NSSC. Quadrant Capital Group LLC boosted its stake in shares of Napco Security Technologies by 332.9% in 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. Hollencrest Capital Management purchased a new stake in Napco Security Technologies during the 1st quarter worth about $27,000. Whittier Trust Co. acquired a new stake in Napco Security Technologies in the 1st quarter valued at about $28,000. Arcadia Investment Management Corp MI grew its position in shares of Napco Security Technologies by 48.6% during the fourth quarter. Arcadia Investment Management Corp MI now owns 1,403 shares of the industrial products company’s stock worth $48,000 after buying an additional 459 shares in the last quarter. Finally, RiverPark Advisors LLC increased its position in shares of Napco Security Technologies by 80.1% in the 4th quarter. RiverPark Advisors LLC now owns 1,671 shares of the industrial products company’s stock valued at $57,000 after purchasing an additional 743 shares during the last quarter. Hedge funds and other institutional investors own 85.07% of the company’s stock.

Napco Security Technologies Company Profile

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.