NAPCO Security Technologies, Inc. $NSSC Shares Sold by Kornitzer Capital Management Inc. KS

Kornitzer Capital Management Inc. KS decreased its stake in NAPCO Security Technologies, Inc. (NASDAQ:NSSC) by 36.9% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 173,580 shares of the industrial products company’s stock after selling 101,390 shares during the quarter. Kornitzer Capital Management Inc. KS’s holdings in NAPCO Security Technologies were worth $5,154,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of NSSC. GAMMA Investing LLC grew its position in shares of NAPCO Security Technologies by 227.2% in the first quarter. GAMMA Investing LLC now owns 1,106 shares of the industrial products company’s stock valued at $25,000 after purchasing an additional 768 shares during the period. Bessemer Group Inc. grew its position in shares of NAPCO Security Technologies by 22.9% in the first quarter. Bessemer Group Inc. now owns 13,009 shares of the industrial products company’s stock valued at $299,000 after purchasing an additional 2,423 shares during the period. Copeland Capital Management LLC grew its position in shares of NAPCO Security Technologies by 25.1% in the first quarter. Copeland Capital Management LLC now owns 1,493,928 shares of the industrial products company’s stock valued at $34,390,000 after purchasing an additional 299,305 shares during the period. Envestnet Asset Management Inc. grew its position in shares of NAPCO Security Technologies by 15.4% in the first quarter. Envestnet Asset Management Inc. now owns 712,674 shares of the industrial products company’s stock valued at $16,406,000 after purchasing an additional 95,014 shares during the period. Finally, Linden Thomas Advisory Services LLC grew its position in shares of NAPCO Security Technologies by 10.6% in the first quarter. Linden Thomas Advisory Services LLC now owns 27,181 shares of the industrial products company’s stock valued at $626,000 after purchasing an additional 2,602 shares during the period. Institutional investors and hedge funds own 85.07% of the company’s stock.

NAPCO Security Technologies Price Performance

NASDAQ:NSSC opened at $44.09 on Friday. The firm has a market capitalization of $1.57 billion, a price-to-earnings ratio of 37.05 and a beta of 1.52. The company’s 50-day moving average is $40.62 and its two-hundred day moving average is $32.18. NAPCO Security Technologies, Inc. has a 1-year low of $19.00 and a 1-year high of $45.14.

NAPCO Security Technologies (NASDAQ:NSSC) last posted its earnings results on Monday, August 25th. The industrial products company reported $0.33 earnings per share for the quarter, beating the consensus estimate of $0.26 by $0.07. The company had revenue of $50.72 million for the quarter, compared to analyst estimates of $44.26 million. NAPCO Security Technologies had a net margin of 23.90% and a return on equity of 25.42%. NAPCO Security Technologies’s revenue was up .8% on a year-over-year basis. During the same period in the previous year, the business posted $0.39 EPS. As a group, equities analysts anticipate that NAPCO Security Technologies, Inc. will post 1.24 earnings per share for the current fiscal year.

NAPCO Security Technologies Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 3rd. Stockholders of record on Friday, September 12th were issued a $0.14 dividend. This represents a $0.56 annualized dividend and a dividend yield of 1.3%. The ex-dividend date was Friday, September 12th. NAPCO Security Technologies’s dividend payout ratio is currently 47.06%.

Analysts Set New Price Targets

A number of research firms recently weighed in on NSSC. Zacks Research upgraded shares of NAPCO Security Technologies from a “hold” rating to a “strong-buy” rating in a research report on Thursday, August 28th. Mizuho set a $48.00 price target on shares of NAPCO Security Technologies and gave the stock an “outperform” rating in a research report on Friday, October 17th. Lake Street Capital restated a “buy” rating and set a $50.00 price target (up from $39.00) on shares of NAPCO Security Technologies in a research report on Friday, October 10th. Needham & Company LLC boosted their price target on shares of NAPCO Security Technologies from $32.00 to $36.00 and gave the stock a “buy” rating in a research report on Tuesday, August 26th. Finally, Wall Street Zen upgraded shares of NAPCO Security Technologies from a “hold” rating to a “buy” rating in a research report on Saturday, August 30th. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $41.83.

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.