NAPCO Security Technologies, Inc. Plans Quarterly Dividend of $0.14 (NASDAQ:NSSC)

NAPCO Security Technologies, Inc. (NASDAQ:NSSC) declared a quarterly dividend on Monday, August 25th, RTT News reports. Investors of record on Friday, September 12th will be paid a dividend of 0.14 per share by the industrial products company on Friday, October 3rd. This represents a c) annualized dividend and a yield of 1.8%.

NAPCO Security Technologies has a dividend payout ratio of 47.5% indicating that its dividend is sufficiently covered by earnings. 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 Stock Performance

Shares of NASDAQ NSSC opened at $31.70 on Monday. NAPCO Security Technologies has a 52-week low of $19.00 and a 52-week high of $56.07. The firm has a 50 day moving average price of $30.08 and a two-hundred day moving average price of $26.70. The stock has a market cap of $1.13 billion, a P/E ratio of 25.98 and a beta of 1.42.

Institutional Investors Weigh In On NAPCO Security Technologies

Large investors have recently bought and sold shares of the stock. GAMMA Investing LLC grew its holdings in NAPCO Security Technologies by 227.2% in the first quarter. GAMMA Investing LLC now owns 1,106 shares of the industrial products company’s stock worth $25,000 after purchasing an additional 768 shares during the period. Quaker Wealth Management LLC grew its holdings in NAPCO Security Technologies by 200.0% in the second quarter. Quaker Wealth Management LLC now owns 1,050 shares of the industrial products company’s stock worth $31,000 after purchasing an additional 2,100 shares during the period. Caption Management LLC acquired a new stake in NAPCO Security Technologies in the fourth quarter worth $33,000. First Horizon Advisors Inc. grew its holdings in NAPCO Security Technologies by 49.8% in the second quarter. First Horizon Advisors Inc. now owns 1,552 shares of the industrial products company’s stock worth $46,000 after purchasing an additional 516 shares during the period. Finally, Point72 Asia Singapore Pte. Ltd. acquired a new stake in NAPCO Security Technologies in the fourth quarter worth $53,000. 85.07% of the stock is currently owned by institutional investors and hedge funds.

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.