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

Kornitzer Capital Management Inc. KS grew its holdings in Napco Security Technologies, Inc. (NASDAQ:NSSC - Free Report) by 426.5% in the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 237,995 shares of the industrial products company's stock after buying an additional 192,790 shares during the quarter. Kornitzer Capital Management Inc. KS owned approximately 0.65% of Napco Security Technologies worth $9,629,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. AE Wealth Management LLC increased its position in shares of Napco Security Technologies by 3.8% during the second quarter. AE Wealth Management LLC now owns 5,189 shares of the industrial products company's stock valued at $270,000 after buying an additional 189 shares during the period. Epic Trust Investment Advisors LLC raised its position in shares of Napco Security Technologies by 3.0% in the 2nd quarter. Epic Trust Investment Advisors LLC now owns 9,678 shares of the industrial products company's stock worth $503,000 after acquiring an additional 279 shares in the last quarter. Quarry LP lifted its stake in shares of Napco Security Technologies by 91.2% in the 2nd quarter. Quarry LP now owns 654 shares of the industrial products company's stock valued at $34,000 after purchasing an additional 312 shares during the period. CWM LLC lifted its stake in shares of Napco Security Technologies by 14.8% in the 2nd quarter. CWM LLC now owns 2,761 shares of the industrial products company's stock valued at $143,000 after purchasing an additional 356 shares during the period. Finally, Allworth Financial LP boosted its position in shares of Napco Security Technologies by 18.9% during the third quarter. Allworth Financial LP now owns 2,515 shares of the industrial products company's stock valued at $102,000 after purchasing an additional 400 shares in the last quarter. 85.07% of the stock is currently owned by institutional investors.

Insider Activity at Napco Security Technologies

In other Napco Security Technologies news, Director Paul Stephen Beeber sold 708 shares of Napco Security Technologies stock in a transaction that occurred on Thursday, September 12th. The shares were sold at an average price of $37.12, for a total value of $26,280.96. Following the completion of the sale, the director now owns 2,681 shares of the company's stock, valued at approximately $99,518.72. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 11.54% of the stock is owned by insiders.

Analyst Ratings Changes

Several equities analysts have commented on the company. Needham & Company LLC raised their price objective on Napco Security Technologies from $52.00 to $57.00 and gave the company a "buy" rating in a research report on Tuesday, August 27th. Craig Hallum lowered their price target on shares of Napco Security Technologies from $65.00 to $48.00 and set a "buy" rating for the company in a research report on Tuesday. TD Cowen cut their price objective on shares of Napco Security Technologies from $60.00 to $46.00 and set a "buy" rating on the stock in a report on Tuesday. StockNews.com downgraded shares of Napco Security Technologies from a "hold" rating to a "sell" rating in a research note on Tuesday. Finally, DA Davidson dropped their price target on Napco Security Technologies from $55.00 to $48.00 and set a "buy" rating on the stock in a research report on Tuesday. One research analyst has rated the stock with a sell rating, two have issued a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $47.14.

Napco Security Technologies Trading Up 1.2 %

NSSC stock traded up $0.44 during midday trading on Friday, hitting $38.66. The company's stock had a trading volume of 570,458 shares, compared to its average volume of 459,417. The firm's 50-day moving average is $39.54 and its 200-day moving average is $46.70. Napco Security Technologies, Inc. has a 12 month low of $24.80 and a 12 month high of $58.09. The company has a market cap of $1.42 billion, a PE ratio of 28.56 and a beta of 1.64.

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

Napco Security Technologies Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 3rd. Stockholders of record on Thursday, December 12th will be issued a dividend of $0.125 per share. The ex-dividend date of this dividend is Thursday, December 12th. This represents a $0.50 annualized dividend and a dividend yield of 1.29%. Napco Security Technologies's payout ratio is 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.