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

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

Shares of NSSC stock opened at $35.35 on Friday. The business’s 50 day moving average is $37.44 and its two-hundred day moving average is $39.81. NAPCO Security Technologies, Inc. has a twelve month low of $33.91 and a twelve month high of $51.77. The company has a market capitalization of $1.26 billion, a P/E ratio of 29.21 and a beta of 1.45.

NAPCO Security Technologies (NASDAQ:NSSC) last released its quarterly earnings results on Monday, August 24th. The industrial products company reported $0.50 EPS 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 business had revenue of $55.81 million during the quarter, compared to analysts’ expectations of $52.51 million. During the same quarter in the prior year, the business earned $0.33 earnings per share. The company’s quarterly revenue was up 10.1% compared to the same quarter last year. As a group, equities 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 company also recently disclosed a quarterly dividend, which will be paid on Friday, October 2nd. Shareholders of record on Friday, September 11th will be paid a $0.17 dividend. The ex-dividend date of this dividend is Friday, September 11th. This represents a $0.68 annualized dividend and a yield of 1.9%. This is an increase from NAPCO Security Technologies’s previous quarterly dividend of $0.15. NAPCO Security Technologies’s dividend payout ratio is presently 49.59%.

Hedge Funds Weigh In On NAPCO Security Technologies

Hedge funds have recently bought and sold shares of the company. 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 worth $25,000 after purchasing an additional 377 shares in the last quarter. KBC Group NV purchased a new position in shares of NAPCO Security Technologies in the first quarter valued at $26,000. Advisory Services Network LLC acquired a new position in shares of NAPCO Security Technologies during the 3rd quarter worth $41,000. Blue Trust Inc. acquired a new position in shares of NAPCO Security Technologies during the 1st quarter worth $44,000. Finally, Acadian Asset Management LLC purchased a new stake in shares of NAPCO Security Technologies in the 1st quarter worth about $91,000. 85.07% of the stock is owned by hedge funds and other institutional investors.

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

A number of equities research analysts have weighed in on NSSC shares. Weiss Ratings reaffirmed a “hold (c)” rating on shares of NAPCO Security Technologies in a report on Friday, August 7th. Wall Street Zen cut 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 price objective on shares of NAPCO Security Technologies in a report on Friday, August 21st. Benchmark reiterated a “buy” rating on shares of NAPCO Security Technologies in a research report on Tuesday. Finally, TD Cowen reissued a “buy” rating and issued a $53.00 target price (up from $50.00) on shares of NAPCO Security Technologies in a report on Tuesday, May 5th. Six equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $50.40.

NAPCO Security Technologies Company Profile

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.