Napco Security Technologies, Inc. (NASDAQ:NSSC) SVP Michael Carrieri Sells 5,200 Shares

Napco Security Technologies, Inc. (NASDAQ:NSSCGet Free Report) SVP Michael Carrieri sold 5,200 shares of the stock in a transaction that occurred on Friday, February 9th. The shares were sold at an average price of $45.92, for a total transaction of $238,784.00. Following the completion of the sale, the senior vice president now owns 14,232 shares in the company, valued at $653,533.44. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Napco Security Technologies Stock Up 2.5 %

NASDAQ:NSSC opened at $46.11 on Tuesday. The company has a market cap of $1.70 billion, a P/E ratio of 38.75 and a beta of 1.55. Napco Security Technologies, Inc. has a fifty-two week low of $17.76 and a fifty-two week high of $46.26. The firm’s 50 day moving average is $35.08 and its two-hundred day moving average is $29.20.

Napco Security Technologies (NASDAQ:NSSCGet Free Report) last posted its quarterly earnings results on Monday, February 5th. The industrial products company reported $0.34 earnings per share for the quarter, topping analysts’ consensus estimates of $0.26 by $0.08. The company had revenue of $47.50 million for the quarter, compared to the consensus estimate of $43.92 million. Napco Security Technologies had a net margin of 25.08% and a return on equity of 30.81%. Napco Security Technologies’s revenue was up 12.3% on a year-over-year basis. During the same quarter last year, the firm posted $0.23 earnings per share. Research analysts forecast that Napco Security Technologies, Inc. will post 1.3 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, March 22nd. Stockholders of record on Friday, March 1st will be paid a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.87%. The ex-dividend date is Thursday, February 29th. This is an increase from Napco Security Technologies’s previous quarterly dividend of $0.08. Napco Security Technologies’s dividend payout ratio (DPR) is currently 26.89%.

Wall Street Analysts Forecast Growth

NSSC has been the topic of several research reports. B. Riley lowered their price target on shares of Napco Security Technologies from $24.00 to $20.00 and set a “neutral” rating on the stock in a research report on Thursday, October 26th. StockNews.com downgraded shares of Napco Security Technologies from a “buy” rating to a “hold” rating in a research note on Tuesday. Needham & Company LLC upped their price objective on shares of Napco Security Technologies from $36.00 to $46.00 and gave the company a “buy” rating in a research note on Monday, February 5th. Finally, Imperial Capital downgraded shares of 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. Five equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, Napco Security Technologies currently has an average rating of “Hold” and a consensus target price of $33.60.

Check Out Our Latest Analysis on Napco Security Technologies

Hedge Funds Weigh In On Napco Security Technologies

A number of hedge funds have recently made changes to their positions in the business. Vanguard Group Inc. raised its stake in shares of Napco Security Technologies by 5.3% in the 3rd quarter. Vanguard Group Inc. now owns 2,399,096 shares of the industrial products company’s stock valued at $53,380,000 after acquiring an additional 120,842 shares during the period. BlackRock Inc. raised its stake in shares of Napco Security Technologies by 3.4% in the 2nd quarter. BlackRock Inc. now owns 2,343,180 shares of the industrial products company’s stock valued at $81,191,000 after acquiring an additional 76,516 shares during the period. Wasatch Advisors Inc. raised its stake in shares of Napco Security Technologies by 80.4% in the 1st quarter. Wasatch Advisors Inc. now owns 1,619,409 shares of the industrial products company’s stock valued at $33,230,000 after acquiring an additional 721,575 shares during the period. FMR LLC grew its holdings in Napco Security Technologies by 29.0% during the 3rd quarter. FMR LLC now owns 1,577,159 shares of the industrial products company’s stock valued at $35,092,000 after purchasing an additional 354,579 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its holdings in Napco Security Technologies by 100.5% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,273,636 shares of the industrial products company’s stock valued at $26,136,000 after purchasing an additional 638,478 shares in the last quarter. Hedge funds and other institutional investors own 87.65% of the company’s stock.

About Napco Security Technologies

(Get Free Report)

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.

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