Kornitzer Capital Management Inc. KS Purchases 36,975 Shares of Napco Security Technologies, Inc. (NASDAQ:NSSC)

Kornitzer Capital Management Inc. KS boosted its position in Napco Security Technologies, Inc. (NASDAQ:NSSC - Free Report) by 15.5% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 274,970 shares of the industrial products company's stock after buying an additional 36,975 shares during the period. Kornitzer Capital Management Inc. KS owned approximately 0.75% of Napco Security Technologies worth $9,778,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. FMR LLC increased its holdings in Napco Security Technologies by 30.8% during the 3rd quarter. FMR LLC now owns 2,102,688 shares of the industrial products company's stock worth $85,075,000 after purchasing an additional 494,988 shares in the last quarter. Copeland Capital Management LLC increased its holdings in Napco Security Technologies by 15.1% during the 4th quarter. Copeland Capital Management LLC now owns 1,194,623 shares of the industrial products company's stock worth $42,481,000 after purchasing an additional 156,495 shares in the last quarter. Geode Capital Management LLC increased its holdings in Napco Security Technologies by 14.3% during the 3rd quarter. Geode Capital Management LLC now owns 959,035 shares of the industrial products company's stock worth $38,809,000 after purchasing an additional 120,304 shares in the last quarter. State Street Corp increased its holdings in Napco Security Technologies by 2.2% during the 3rd quarter. State Street Corp now owns 783,327 shares of the industrial products company's stock worth $31,790,000 after purchasing an additional 16,931 shares in the last quarter. Finally, Emerald Advisers LLC increased its holdings in Napco Security Technologies by 4.0% during the 3rd quarter. Emerald Advisers LLC now owns 508,257 shares of the industrial products company's stock worth $20,564,000 after purchasing an additional 19,674 shares in the last quarter. 85.07% of the stock is owned by institutional investors.

Napco Security Technologies Stock Down 1.4 %

Napco Security Technologies stock traded down $0.35 during trading on Friday, hitting $24.76. The stock had a trading volume of 432,316 shares, compared to its average volume of 637,474. Napco Security Technologies, Inc. has a 1 year low of $24.48 and a 1 year high of $58.09. The stock's 50 day moving average is $32.92 and its two-hundred day moving average is $38.76. The stock has a market cap of $901.26 million, a price-to-earnings ratio of 19.05 and a beta of 1.64.

Napco Security Technologies (NASDAQ:NSSC - Get Free Report) last posted its quarterly earnings data on Monday, February 3rd. The industrial products company reported $0.28 EPS for the quarter, missing the consensus estimate of $0.34 by ($0.06). Napco Security Technologies had a net margin of 25.94% and a return on equity of 27.65%. The firm had revenue of $42.90 million during the quarter, compared to analysts' expectations of $49.93 million. During the same quarter in the previous year, the company posted $0.34 EPS. Napco Security Technologies's revenue for the quarter was down 9.3% on a year-over-year basis. As a group, equities research analysts anticipate that Napco Security Technologies, Inc. will post 1.24 EPS for the current fiscal year.

Napco Security Technologies Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, April 3rd. Investors of record on Wednesday, March 12th will be paid a $0.125 dividend. The ex-dividend date of this dividend is Wednesday, March 12th. This represents a $0.50 annualized dividend and a yield of 2.02%. Napco Security Technologies's payout ratio is 38.46%.

Wall Street Analyst Weigh In

NSSC has been the subject of a number of recent research reports. Needham & Company LLC decreased their price objective on Napco Security Technologies from $52.00 to $40.00 and set a "buy" rating for the company in a report on Tuesday, February 4th. TD Cowen lowered Napco Security Technologies from a "buy" rating to a "hold" rating and reduced their target price for the company from $46.00 to $27.00 in a report on Tuesday, February 4th. Craig Hallum lowered Napco Security Technologies from a "buy" rating to a "hold" rating and set a $28.00 target price for the company. in a report on Tuesday, February 4th. Lake Street Capital reduced their target price on Napco Security Technologies from $60.00 to $41.00 and set a "buy" rating for the company in a report on Tuesday, November 5th. Finally, StockNews.com raised Napco Security Technologies from a "sell" rating to a "hold" rating in a report on Tuesday, December 3rd. Four research analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, Napco Security Technologies presently has an average rating of "Hold" and an average price target of $38.17.

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.