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

Kornitzer Capital Management Inc. KS lifted its stake in Napco Security Technologies, Inc. (NASDAQ:NSSC) by 426.5% in the third quarter, according to the company in its most recent 13F filing with the SEC. 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 owned about 0.65% of Napco Security Technologies worth $9,629,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Vaughan Nelson Investment Management L.P. purchased a new position in Napco Security Technologies during the 2nd quarter valued at $31,504,000. Copeland Capital Management LLC boosted its holdings in Napco Security Technologies by 108.6% during the 3rd quarter. Copeland Capital Management LLC now owns 1,038,128 shares of the industrial products company’s stock valued at $42,003,000 after acquiring an additional 540,436 shares during the period. F M Investments LLC purchased a new position in Napco Security Technologies during the 2nd quarter valued at $15,109,000. Emerald Advisers LLC boosted its holdings in Napco Security Technologies by 118.3% during the 2nd quarter. Emerald Advisers LLC now owns 488,583 shares of the industrial products company’s stock valued at $25,382,000 after acquiring an additional 264,789 shares during the period. Finally, Emerald Mutual Fund Advisers Trust boosted its holdings in Napco Security Technologies by 170.8% during the 2nd quarter. Emerald Mutual Fund Advisers Trust now owns 399,936 shares of the industrial products company’s stock valued at $20,777,000 after acquiring an additional 252,252 shares during the period. Hedge funds and other institutional investors own 85.07% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have weighed in on NSSC. Needham & Company LLC upped their target price 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 lowered their target price on Napco Security Technologies from $65.00 to $48.00 and set a “buy” rating for the company in a report on Tuesday. DA Davidson reduced their price target on Napco Security Technologies from $55.00 to $48.00 and set a “buy” rating for the company in a research report on Tuesday. TD Cowen decreased their price objective on Napco Security Technologies from $60.00 to $46.00 and set a “buy” rating for the company in a research note on Tuesday. Finally, Lake Street Capital decreased their price objective on Napco Security Technologies from $60.00 to $41.00 and set a “buy” rating for the company in a research note on Tuesday. One research analyst has rated the stock with a sell rating, two have issued a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $47.14.

Insider Buying and Selling at Napco Security Technologies

In other Napco Security Technologies news, Director Paul Stephen Beeber sold 708 shares of the firm’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 value of $26,280.96. Following the sale, the director now directly owns 2,681 shares of the company’s stock, valued at approximately $99,518.72. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 5.24% of the stock is owned by corporate insiders.

Napco Security Technologies Stock Up 0.9 %

Napco Security Technologies stock opened at $38.22 on Friday. The firm has a market cap of $1.40 billion, a price-to-earnings ratio of 28.10 and a beta of 1.64. Napco Security Technologies, Inc. has a 52 week low of $24.80 and a 52 week high of $58.09. The business’s 50-day moving average price is $39.54 and its 200 day moving average price is $46.70.

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

Napco Security Technologies Dividend Announcement

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

About Napco Security Technologies

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.