Napco Security Technologies (NASDAQ:NSSC) Releases Quarterly Earnings Results

Napco Security Technologies (NASDAQ:NSSC) released its quarterly earnings results on Monday. The industrial products company reported $0.36 EPS for the quarter, topping analysts’ consensus estimates of $0.33 by $0.03, RTT News reports. Napco Security Technologies had a return on equity of 30.81% and a net margin of 25.08%. The company had revenue of $49.30 million for the quarter, compared to analyst estimates of $48.16 million. During the same quarter last year, the firm posted $0.29 earnings per share. Napco Security Technologies’s revenue was up 13.3% compared to the same quarter last year.

Napco Security Technologies Stock Performance

Shares of NSSC stock traded down $0.18 on Thursday, hitting $44.27. The company’s stock had a trading volume of 37,893 shares, compared to its average volume of 356,020. The stock’s 50 day moving average is $41.02 and its 200-day moving average is $35.79. Napco Security Technologies has a fifty-two week low of $17.76 and a fifty-two week high of $46.41. The company has a market capitalization of $1.63 billion, a PE ratio of 37.35 and a beta of 1.51.

Napco Security Technologies Announces Dividend

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

Insider Buying and Selling at Napco Security Technologies

In other Napco Security Technologies news, CEO Richard Soloway sold 28,000 shares of Napco Security Technologies stock in a transaction dated Wednesday, February 14th. The stock was sold at an average price of $45.12, for a total value of $1,263,360.00. Following the transaction, the chief executive officer now owns 3,706,010 shares in the company, valued at $167,215,171.20. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other news, CEO Richard Soloway sold 28,000 shares of the stock in a transaction on Wednesday, February 14th. The stock was sold at an average price of $45.12, for a total value of $1,263,360.00. Following the completion of the transaction, the chief executive officer now directly owns 3,706,010 shares in the company, valued at approximately $167,215,171.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Kevin S. Buchel sold 10,000 shares of the business’s stock in a transaction that occurred on Monday, February 12th. The stock was sold at an average price of $44.80, for a total transaction of $448,000.00. Following the completion of the transaction, the chief financial officer now owns 112,739 shares in the company, valued at approximately $5,050,707.20. The disclosure for this sale can be found here. Insiders sold 343,200 shares of company stock valued at $15,037,644 in the last three months. Corporate insiders own 11.54% of the company’s stock.

Wall Street Analyst Weigh In

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

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.