Napco Security Technologies, Inc. (NASDAQ:NSSC) Director Paul Stephen Beeber Sells 708 Shares

Napco Security Technologies, Inc. (NASDAQ:NSSC) Director Paul Stephen Beeber sold 708 shares of Napco Security Technologies stock in a transaction on Thursday, September 12th. The shares were sold at an average price of $37.12, for a total transaction of $26,280.96. Following the completion of the transaction, the director now owns 2,681 shares in the company, valued at $99,518.72. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Napco Security Technologies Stock Performance

NASDAQ:NSSC opened at $39.42 on Tuesday. Napco Security Technologies, Inc. has a 1 year low of $17.76 and a 1 year high of $58.09. The stock has a fifty day moving average price of $50.44 and a two-hundred day moving average price of $46.98. The stock has a market capitalization of $1.45 billion, a price-to-earnings ratio of 31.29 and a beta of 1.64.

Napco Security Technologies (NASDAQ:NSSC) last announced its quarterly earnings results on Monday, August 26th. The industrial products company reported $0.36 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.35 by $0.01. Napco Security Technologies had a net margin of 26.38% and a return on equity of 30.51%. The business had revenue of $50.33 million during the quarter, compared to the consensus estimate of $50.18 million. During the same quarter last year, the firm posted $0.28 EPS. On average, analysts predict that Napco Security Technologies, Inc. will post 1.85 EPS for the current year.

Napco Security Technologies Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 3rd. Stockholders of record on Thursday, September 12th will be paid a dividend of $0.125 per share. This is a positive change from Napco Security Technologies’s previous quarterly dividend of $0.10. The ex-dividend date of this dividend is Thursday, September 12th. This represents a $0.50 annualized dividend and a dividend yield of 1.27%. Napco Security Technologies’s payout ratio is 39.68%.

Analysts Set New Price Targets

A number of research firms recently issued reports on NSSC. DA Davidson raised their price target on Napco Security Technologies from $53.00 to $55.00 and gave the stock a “buy” rating in a report on Tuesday, August 27th. Needham & Company LLC boosted their target price on Napco Security Technologies from $52.00 to $57.00 and gave the company a “buy” rating in a report on Tuesday, August 27th. TD Cowen initiated coverage on Napco Security Technologies in a research note on Tuesday, May 28th. They set a “buy” rating and a $60.00 price target for the company. Lake Street Capital lifted their price objective on shares of Napco Security Technologies from $54.00 to $60.00 and gave the company a “buy” rating in a research report on Wednesday, June 12th. Finally, Craig Hallum restated a “buy” rating and set a $65.00 price objective (up previously from $50.00) on shares of Napco Security Technologies in a research report on Friday, May 24th. Three investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $55.29.

Institutional Investors Weigh In On Napco Security Technologies

Institutional investors and hedge funds have recently modified their holdings of the company. Charles Schwab Investment Management Inc. boosted its position in Napco Security Technologies by 2.5% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 235,900 shares of the industrial products company’s stock worth $8,080,000 after purchasing an additional 5,723 shares in the last quarter. Teacher Retirement System of Texas acquired a new stake in Napco Security Technologies in the 4th quarter valued at about $794,000. Principal Financial Group Inc. increased its holdings in Napco Security Technologies by 31.5% during the 4th quarter. Principal Financial Group Inc. now owns 18,996 shares of the industrial products company’s stock valued at $651,000 after acquiring an additional 4,547 shares in the last quarter. Quadrant Capital Group LLC raised its position in Napco Security Technologies by 332.9% during 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. Finally, UBS Group AG lifted its holdings in shares of Napco Security Technologies by 24.4% in the fourth quarter. UBS Group AG now owns 194,393 shares of the industrial products company’s stock valued at $6,658,000 after purchasing an additional 38,117 shares in the last quarter. Institutional investors and hedge funds own 85.07% of the company’s stock.

About Napco Security Technologies

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.