Strattec Security Corporation (STRT) Insider Sells $45,650.00 in Stock
Strattec Security Corporation (NASDAQ:STRT) insider Patrick J. Hansen sold 1,000 shares of the firm’s stock in a transaction on Tuesday, November 21st. The stock was sold at an average price of $45.65, for a total value of $45,650.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.
Shares of Strattec Security Corporation (NASDAQ STRT) traded up $0.50 during midday trading on Tuesday, hitting $46.70. The company had a trading volume of 14,168 shares, compared to its average volume of 19,315. The company has a quick ratio of 1.43, a current ratio of 2.02 and a debt-to-equity ratio of 0.23. Strattec Security Corporation has a 52 week low of $23.00 and a 52 week high of $49.20. The company has a market capitalization of $171.45, a PE ratio of 20.39 and a beta of 1.71.
Strattec Security Corporation (NASDAQ:STRT) last issued its quarterly earnings results on Thursday, October 26th. The auto parts company reported $0.67 EPS for the quarter, topping the Zacks’ consensus estimate of $0.55 by $0.12. Strattec Security Corporation had a return on equity of 4.86% and a net margin of 1.93%. The company had revenue of $102.46 million for the quarter.
The business also recently declared a quarterly dividend, which will be paid on Friday, December 29th. Investors of record on Friday, December 15th will be given a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a dividend yield of 1.20%. The ex-dividend date is Thursday, December 14th. Strattec Security Corporation’s payout ratio is currently 25.34%.
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Separately, ValuEngine upgraded Strattec Security Corporation from a “buy” rating to a “strong-buy” rating in a research report on Monday, October 2nd.
Several hedge funds and other institutional investors have recently modified their holdings of the stock. Teton Advisors Inc. increased its position in shares of Strattec Security Corporation by 0.3% in the second quarter. Teton Advisors Inc. now owns 177,700 shares of the auto parts company’s stock worth $6,291,000 after purchasing an additional 500 shares during the period. JPMorgan Chase & Co. increased its position in shares of Strattec Security Corporation by 38.9% in the first quarter. JPMorgan Chase & Co. now owns 4,328 shares of the auto parts company’s stock worth $120,000 after purchasing an additional 1,211 shares during the period. Prudential Financial Inc. boosted its stake in Strattec Security Corporation by 21.4% in the third quarter. Prudential Financial Inc. now owns 8,500 shares of the auto parts company’s stock valued at $347,000 after buying an additional 1,500 shares in the last quarter. Bank of New York Mellon Corp boosted its stake in Strattec Security Corporation by 7.4% in the first quarter. Bank of New York Mellon Corp now owns 24,388 shares of the auto parts company’s stock valued at $678,000 after buying an additional 1,689 shares in the last quarter. Finally, Algert Global LLC boosted its stake in Strattec Security Corporation by 17.0% in the third quarter. Algert Global LLC now owns 18,249 shares of the auto parts company’s stock valued at $746,000 after buying an additional 2,652 shares in the last quarter. Institutional investors own 82.43% of the company’s stock.
About Strattec Security Corporation
Strattec Security Corporation designs, develops, manufactures and markets automotive access control products. The Company offers access control products, including mechanical locks and keys, electronically enhanced locks and keys, steering column and instrument panel ignition lock housings, latches, power sliding side door systems, power lift gate systems, power deck lid systems, door handles and related products for North American automotive customers.
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