Napco Security Technologies, Inc. (NASDAQ:NSSC) Shares Acquired by Kornitzer Capital Management Inc. KS

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

A number of other large investors have also made changes to their positions in NSSC. Truist Financial Corp grew its position in shares of Napco Security Technologies by 4.4% during the 4th quarter. Truist Financial Corp now owns 27,420 shares of the industrial products company’s stock valued at $975,000 after acquiring an additional 1,168 shares during the period. Principal Financial Group Inc. boosted its holdings in shares of Napco Security Technologies by 9.3% during the 4th quarter. Principal Financial Group Inc. now owns 21,190 shares of the industrial products company’s stock worth $754,000 after purchasing an additional 1,804 shares during the last quarter. Congress Asset Management Co. raised its position in shares of Napco Security Technologies by 94.4% during the 4th quarter. Congress Asset Management Co. now owns 279,670 shares of the industrial products company’s stock valued at $9,945,000 after buying an additional 135,802 shares during the period. Rhumbline Advisers raised its position in shares of Napco Security Technologies by 1.9% during the 4th quarter. Rhumbline Advisers now owns 49,567 shares of the industrial products company’s stock valued at $1,763,000 after buying an additional 935 shares during the period. Finally, Stanley Laman Group Ltd. purchased a new stake in shares of Napco Security Technologies during the 4th quarter valued at approximately $3,712,000. 85.07% of the stock is owned by institutional investors and hedge funds.

Napco Security Technologies Trading Down 1.4 %

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

Napco Security Technologies (NASDAQ:NSSC) last released its quarterly earnings data on Monday, February 3rd. The industrial products company reported $0.28 EPS 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 business had revenue of $42.90 million during the quarter, compared to analyst estimates of $49.93 million. During the same period in the prior year, the firm earned $0.34 EPS. The business’s revenue for the quarter was down 9.3% compared to the same quarter last year. As a group, equities research analysts forecast that Napco Security Technologies, Inc. will post 1.55 EPS for the current fiscal year.

Napco Security Technologies Announces Dividend

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

Analyst Upgrades and Downgrades

A number of analysts have issued reports on NSSC shares. Craig Hallum lowered Napco Security Technologies from a “buy” rating to a “hold” rating and set a $28.00 target price on the stock. in a research report on Tuesday, February 4th. TD Cowen downgraded shares of Napco Security Technologies from a “buy” rating to a “hold” rating and lowered their target price for the stock from $46.00 to $27.00 in a research note on Tuesday, February 4th. Needham & Company LLC decreased their price objective on shares of Napco Security Technologies from $52.00 to $40.00 and set a “buy” rating for the company in a research note on Tuesday, February 4th. StockNews.com raised shares of Napco Security Technologies from a “sell” rating to a “hold” rating in a report on Tuesday, December 3rd. Finally, Lake Street Capital reduced their target price on shares of Napco Security Technologies from $60.00 to $41.00 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 given a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $38.17.

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.