NAPCO Security Technologies, Inc. (NSSC) to Issue Quarterly Dividend of $0.14 on January 2nd

NAPCO Security Technologies, Inc. (NASDAQ:NSSC) announced a quarterly dividend on Thursday, October 30th. Investors of record on Friday, December 12th will be paid a dividend of 0.14 per share by the industrial products company on Friday, January 2nd. This represents a c) annualized dividend and a yield of 1.4%. The ex-dividend date of this dividend is Friday, December 12th.

NAPCO Security Technologies has a payout ratio of 47.5% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect NAPCO Security Technologies to earn $1.45 per share next year, which means the company should continue to be able to cover its $0.56 annual dividend with an expected future payout ratio of 38.6%.

NAPCO Security Technologies Price Performance

Shares of NASDAQ:NSSC opened at $41.32 on Wednesday. NAPCO Security Technologies has a 1 year low of $19.00 and a 1 year high of $48.12. The business’s 50-day moving average is $41.95 and its 200-day moving average is $36.10. The company has a market capitalization of $1.47 billion, a price-to-earnings ratio of 33.60 and a beta of 1.47.

NAPCO Security Technologies (NASDAQ:NSSC) last issued its quarterly earnings results on Monday, November 3rd. The industrial products company reported $0.34 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.30 by $0.04. The firm had revenue of $49.17 million for the quarter, compared to analyst estimates of $46.81 million. NAPCO Security Technologies had a return on equity of 26.09% and a net margin of 23.76%.The company’s revenue was up 11.8% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.29 earnings per share. Analysts anticipate that NAPCO Security Technologies will post 1.24 EPS for the current year.

Insider Activity at NAPCO Security Technologies

In other news, SVP Stephen M. Spinelli sold 19,000 shares of the business’s stock in a transaction that occurred on Monday, November 17th. The stock was sold at an average price of $40.25, for a total value of $764,750.00. Following the transaction, the senior vice president owned 928 shares in the company, valued at $37,352. The trade was a 95.34% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 5.65% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Dynamic Technology Lab Private Ltd bought a new position in shares of NAPCO Security Technologies during the 1st quarter worth $540,000. Bessemer Group Inc. lifted its holdings in NAPCO Security Technologies by 13.6% during the second quarter. Bessemer Group Inc. now owns 14,772 shares of the industrial products company’s stock valued at $439,000 after purchasing an additional 1,763 shares during the last quarter. Wealth Enhancement Advisory Services LLC bought a new position in NAPCO Security Technologies during the second quarter worth about $345,000. Emerald Mutual Fund Advisers Trust boosted its position in NAPCO Security Technologies by 3.0% during the second quarter. Emerald Mutual Fund Advisers Trust now owns 227,852 shares of the industrial products company’s stock worth $6,765,000 after purchasing an additional 6,678 shares during the period. Finally, Russell Investments Group Ltd. increased its stake in shares of NAPCO Security Technologies by 177.7% in the first quarter. Russell Investments Group Ltd. now owns 110,066 shares of the industrial products company’s stock worth $2,534,000 after purchasing an additional 70,427 shares in the last quarter. Hedge funds and other institutional investors own 85.07% of the company’s stock.

NAPCO Security Technologies Company Profile

Napco Security Technologies, Inc develops, manufactures, and sells electronic security systems for commercial, residential, institutional, industrial, and governmental applications in the United States and internationally. Its access control systems include various types of identification readers, control panels, PC-based computers, and electronically activated door-locking devices; intrusion and fire alarm systems, consists of various detectors, a control panel, a digital keypad and signaling equipment; and door locking devices comprise microprocessor-based electronic door locks with push button, card readers and bio-metric operation, door alarms, mechanical door locks, and simple dead bolt locks.