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

Kornitzer Capital Management Inc. KS trimmed its position in NAPCO Security Technologies, Inc. (NASDAQ:NSSC) by 36.9% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 173,580 shares of the industrial products company’s stock after selling 101,390 shares during the period. Kornitzer Capital Management Inc. KS owned approximately 0.49% of NAPCO Security Technologies worth $5,154,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. GAMMA Investing LLC boosted its stake in 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 acquiring an additional 768 shares in the last quarter. Acadian Asset Management LLC purchased a new position in shares of NAPCO Security Technologies in the first quarter worth $91,000. VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new position in shares of NAPCO Security Technologies in the second quarter worth $209,000. Janney Montgomery Scott LLC purchased a new position in shares of NAPCO Security Technologies in the second quarter worth $236,000. Finally, State of Wyoming raised its holdings in shares of NAPCO Security Technologies by 21.0% in the first quarter. State of Wyoming now owns 8,587 shares of the industrial products company’s stock worth $198,000 after buying an additional 1,490 shares during the last quarter. 85.07% of the stock is currently owned by institutional investors and hedge funds.

NAPCO Security Technologies Stock Performance

NSSC opened at $44.09 on Friday. NAPCO Security Technologies, Inc. has a fifty-two week low of $19.00 and a fifty-two week high of $45.14. The company has a fifty day moving average of $40.62 and a two-hundred day moving average of $32.18. The stock has a market capitalization of $1.57 billion, a price-to-earnings ratio of 37.05 and a beta of 1.52.

NAPCO Security Technologies (NASDAQ:NSSC) last released its quarterly earnings data on Monday, August 25th. The industrial products company reported $0.33 earnings per share for the quarter, beating analysts’ consensus estimates of $0.26 by $0.07. NAPCO Security Technologies had a net margin of 23.90% and a return on equity of 25.42%. The company had revenue of $50.72 million during the quarter, compared to analysts’ expectations of $44.26 million. During the same quarter in the previous year, the company earned $0.39 earnings per share. The firm’s revenue for the quarter was up .8% on a year-over-year basis. On average, equities research analysts forecast that NAPCO Security Technologies, Inc. will post 1.24 earnings per share for the current year.

NAPCO Security Technologies Announces Dividend

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

Wall Street Analyst Weigh In

A number of research firms have issued reports on NSSC. Craig Hallum raised shares of NAPCO Security Technologies from a “hold” rating to a “buy” rating and set a $40.00 price target for the company in a report on Tuesday, August 26th. DA Davidson set a $50.00 price target on shares of NAPCO Security Technologies and gave the stock a “buy” rating in a report on Wednesday, September 24th. Needham & Company LLC raised their price target on shares of NAPCO Security Technologies from $32.00 to $36.00 and gave the stock a “buy” rating in a report on Tuesday, August 26th. Wall Street Zen raised shares of NAPCO Security Technologies from a “hold” rating to a “buy” rating in a report on Saturday, August 30th. Finally, Mizuho set a $48.00 target price on shares of NAPCO Security Technologies and gave the stock an “outperform” rating in a report on Friday, October 17th. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus 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.