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

Kornitzer Capital Management Inc. KS boosted its stake in shares of Napco Security Technologies, Inc. (NASDAQ:NSSC) by 15.5% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 274,970 shares of the industrial products company’s stock after purchasing an additional 36,975 shares during the quarter. Kornitzer Capital Management Inc. KS’s holdings in Napco Security Technologies were worth $9,778,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in NSSC. Copeland Capital Management LLC boosted its position in Napco Security Technologies by 108.6% during the third quarter. Copeland Capital Management LLC now owns 1,038,128 shares of the industrial products company’s stock worth $42,003,000 after purchasing an additional 540,436 shares during the period. FMR LLC boosted its position in Napco Security Technologies by 30.8% during the third 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 during the period. Congress Asset Management Co. boosted its position in Napco Security Technologies by 94.4% during the fourth quarter. Congress Asset Management Co. now owns 279,670 shares of the industrial products company’s stock worth $9,945,000 after purchasing an additional 135,802 shares during the period. Rockefeller Capital Management L.P. lifted its holdings in shares of Napco Security Technologies by 74.3% during the third quarter. Rockefeller Capital Management L.P. now owns 300,901 shares of the industrial products company’s stock worth $12,174,000 after buying an additional 128,316 shares during the last quarter. Finally, Geode Capital Management LLC lifted its holdings in shares of Napco Security Technologies by 14.3% during the third quarter. Geode Capital Management LLC now owns 959,035 shares of the industrial products company’s stock worth $38,809,000 after buying an additional 120,304 shares during the last quarter. Institutional investors own 85.07% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently commented on NSSC. StockNews.com upgraded Napco Security Technologies from a “sell” rating to a “hold” rating in a report on Tuesday, December 3rd. Needham & Company LLC cut their price target 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. Craig Hallum lowered Napco Security Technologies from a “buy” rating to a “hold” rating and set a $28.00 price target for the company. in a report on Tuesday, February 4th. Lake Street Capital cut 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, November 5th. Finally, DA Davidson cut 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, November 5th. Four research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, Napco Security Technologies presently has an average rating of “Hold” and a consensus target price of $38.17.

Napco Security Technologies Stock Down 1.4 %

NSSC opened at $25.30 on Wednesday. Napco Security Technologies, Inc. has a 12 month low of $24.90 and a 12 month high of $58.09. The company has a fifty day simple moving average of $33.70 and a 200 day simple moving average of $39.14. The stock has a market cap of $928.11 million, a P/E ratio of 19.46 and a beta of 1.64.

Napco Security Technologies (NASDAQ:NSSC) last announced its earnings results on Monday, February 3rd. The industrial products company reported $0.28 earnings per share for the quarter, missing analysts’ consensus estimates of $0.34 by ($0.06). Napco Security Technologies had a return on equity of 27.65% and a net margin of 25.94%. The company had revenue of $42.90 million during the quarter, compared to analyst estimates of $49.93 million. During the same period in the previous year, the company posted $0.34 earnings per share. Napco Security Technologies’s revenue for the quarter was down 9.3% on a year-over-year basis. On average, equities research analysts expect that Napco Security Technologies, Inc. will post 1.55 earnings per share for the current fiscal year.

Napco Security Technologies Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, April 3rd. Stockholders of record on Wednesday, March 12th will be issued a $0.125 dividend. The ex-dividend date is Wednesday, March 12th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 1.98%. Napco Security Technologies’s payout ratio is 38.46%.

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.