NAPCO Security Technologies (NASDAQ:NSSC) Director Donna Anne Soloway Sells 28,000 Shares of Stock

NAPCO Security Technologies, Inc. (NASDAQ:NSSC) Director Donna Anne Soloway sold 28,000 shares of the business’s stock in a transaction on Wednesday, August 26th. The stock was sold at an average price of $35.98, for a total value of $1,007,440.00. Following the sale, the director owned 20,962 shares in the company, valued at $754,212.76. This represents a 57.19% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

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 stock was sold at an average price of $34.62, for a total value of $725,704.44.

NAPCO Security Technologies Trading Up 0.2%

NAPCO Security Technologies stock opened at $35.35 on Friday. The company has a market capitalization of $1.26 billion, a PE ratio of 29.21 and a beta of 1.45. NAPCO Security Technologies, Inc. has a 12 month low of $33.91 and a 12 month high of $51.77. The stock has a 50-day moving average price of $37.44 and a two-hundred day moving average price of $39.81.

NAPCO Security Technologies (NASDAQ:NSSC) last released its quarterly earnings results on Monday, August 24th. The industrial products company reported $0.50 earnings per share for the quarter, topping 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 company 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 business posted $0.33 earnings per share. The business’s quarterly revenue was up 10.1% compared to the same quarter last year. As a group, analysts predict that NAPCO Security Technologies, Inc. will post 1.66 earnings per share for the current fiscal year.

NAPCO Security Technologies Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 2nd. Shareholders of record on Friday, September 11th will be issued a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a yield of 1.9%. The ex-dividend date of this dividend is Friday, September 11th. This is a positive change from NAPCO Security Technologies’s previous quarterly dividend of $0.15. NAPCO Security Technologies’s payout ratio is presently 49.59%.

Hedge Funds Weigh In On NAPCO Security Technologies

Several hedge funds and other institutional investors have recently bought and sold shares of NSSC. IFP Advisors Inc boosted its position in NAPCO Security Technologies by 193.3% during the third quarter. IFP Advisors Inc now owns 572 shares of the industrial products company’s stock valued at $25,000 after acquiring an additional 377 shares during the last quarter. KBC Group NV acquired a new stake in NAPCO Security Technologies during the 1st quarter worth about $26,000. Advisory Services Network LLC bought a new position in shares of NAPCO Security Technologies in the 3rd quarter worth about $41,000. Blue Trust Inc. bought a new position in shares of NAPCO Security Technologies in the 1st quarter worth about $44,000. Finally, Kemnay Advisory Services Inc. acquired a new position in shares of NAPCO Security Technologies in the 4th quarter valued at about $107,000. Institutional investors and hedge funds own 85.07% of the company’s stock.

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

Wall Street Analyst Weigh In

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

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.