Kornitzer Capital Management Inc. KS Increases Holdings in Napco Security Technologies, Inc. (NASDAQ:NSSC)

Kornitzer Capital Management Inc. KS raised its holdings in Napco Security Technologies, Inc. (NASDAQ:NSSC) by 426.5% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 237,995 shares of the industrial products company’s stock after purchasing an additional 192,790 shares during the quarter. Kornitzer Capital Management Inc. KS’s holdings in Napco Security Technologies were worth $9,629,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. First Horizon Advisors Inc. grew its stake in shares of Napco Security Technologies by 810.3% in the second quarter. First Horizon Advisors Inc. now owns 528 shares of the industrial products company’s stock valued at $27,000 after buying an additional 470 shares in the last quarter. Whittier Trust Co. purchased a new stake in Napco Security Technologies during the 1st quarter worth about $28,000. Farther Finance Advisors LLC lifted its holdings in Napco Security Technologies by 72,300.0% during the 3rd quarter. Farther Finance Advisors LLC now owns 724 shares of the industrial products company’s stock worth $29,000 after buying an additional 723 shares during the last quarter. Quarry LP lifted its holdings in Napco Security Technologies by 91.2% during the 2nd quarter. Quarry LP now owns 654 shares of the industrial products company’s stock worth $34,000 after buying an additional 312 shares during the last quarter. Finally, EntryPoint Capital LLC purchased a new stake in Napco Security Technologies during the 1st quarter worth about $46,000. Hedge funds and other institutional investors own 85.07% of the company’s stock.

Napco Security Technologies Stock Performance

Napco Security Technologies stock opened at $38.22 on Friday. Napco Security Technologies, Inc. has a fifty-two week low of $24.80 and a fifty-two week high of $58.09. The company has a market capitalization of $1.40 billion, a P/E ratio of 28.10 and a beta of 1.64. The stock has a 50-day simple moving average of $39.54 and a 200-day simple moving average of $46.70.

Napco Security Technologies (NASDAQ:NSSC) last posted its earnings results on Monday, November 4th. The industrial products company reported $0.30 earnings per share for the quarter, missing the consensus estimate of $0.35 by ($0.05). The firm had revenue of $44.00 million during the quarter, compared to analysts’ expectations of $46.56 million. Napco Security Technologies had a net margin of 26.43% and a return on equity of 30.01%. The firm’s revenue for the quarter was up 5.5% on a year-over-year basis. During the same period in the previous year, the firm posted $0.28 earnings per share. As a group, analysts forecast that Napco Security Technologies, Inc. will post 1.85 earnings per share for the current year.

Napco Security Technologies Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 3rd. Shareholders of record on Thursday, December 12th will be paid a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a yield of 1.31%. The ex-dividend date of this dividend is Thursday, December 12th. Napco Security Technologies’s dividend payout ratio is presently 36.76%.

Insider Buying and Selling at Napco Security Technologies

In other Napco Security Technologies news, Director Paul Stephen Beeber sold 708 shares of the company’s stock in a transaction that occurred on Thursday, September 12th. The stock was sold at an average price of $37.12, for a total transaction of $26,280.96. Following the completion of the sale, the director now directly owns 2,681 shares of the company’s stock, valued at $99,518.72. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 5.24% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of analysts have issued reports on NSSC shares. DA Davidson decreased their price target on Napco Security Technologies from $55.00 to $48.00 and set a “buy” rating for the company in a report on Tuesday. Needham & Company LLC lifted their price target on Napco Security Technologies from $52.00 to $57.00 and gave the stock a “buy” rating in a report on Tuesday, August 27th. Craig Hallum decreased their price target on Napco Security Technologies from $65.00 to $48.00 and set a “buy” rating for the company in a report on Tuesday. TD Cowen decreased their price target on Napco Security Technologies from $60.00 to $46.00 and set a “buy” rating for the company in a report on Tuesday. Finally, Lake Street Capital decreased their price target on Napco Security Technologies from $60.00 to $41.00 and set a “buy” rating for the company in a report on Tuesday. One analyst has rated the stock with a sell rating, two have assigned a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $47.14.

Napco Security Technologies 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.