Strattec Security Corporation (NASDAQ:STRT) CFO Patrick J. Hansen sold 2,000 shares of the firm’s stock in a transaction dated Tuesday, October 31st. The shares were sold at an average price of $45.00, for a total value of $90,000.00. Following the completion of the sale, the chief financial officer now owns 11,950 shares of the company’s stock, valued at $537,750. The sale was disclosed in a document filed with the SEC, which is available through the SEC website.
Shares of Strattec Security Corporation (STRT) traded up $0.15 on Friday, hitting $46.85. The stock had a trading volume of 26,505 shares, compared to its average volume of 20,036. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.38 and a current ratio of 1.90. The company has a market capitalization of $169.86, a price-to-earnings ratio of 20.93 and a beta of 1.72.
Strattec Security Corporation (NASDAQ:STRT) last released its quarterly earnings results on Thursday, October 26th. The auto parts company reported $0.67 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.55 by $0.12. The business had revenue of $102.46 million during the quarter. Strattec Security Corporation had a return on equity of 4.94% and a net margin of 1.93%.
The business also recently declared a quarterly dividend, which will be paid on Friday, December 29th. Shareholders of record on Friday, December 15th will be paid a dividend of $0.14 per share. The ex-dividend date is Thursday, December 14th. This represents a $0.56 dividend on an annualized basis and a yield of 1.20%. Strattec Security Corporation’s dividend payout ratio (DPR) 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 note on Monday, October 2nd.
A number of hedge funds have recently added to or reduced their stakes in STRT. FMR LLC boosted its stake in Strattec Security Corporation by 27.3% during the 1st quarter. FMR LLC now owns 412,800 shares of the auto parts company’s stock valued at $11,476,000 after purchasing an additional 88,400 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in Strattec Security Corporation by 7.2% during the 2nd quarter. Dimensional Fund Advisors LP now owns 281,390 shares of the auto parts company’s stock valued at $9,961,000 after purchasing an additional 18,914 shares during the last quarter. Goldman Sachs Group Inc. acquired a new position in Strattec Security Corporation during the 2nd quarter valued at about $608,000. Algert Global LLC acquired a new position in Strattec Security Corporation during the 2nd quarter valued at about $552,000. Finally, Uniplan Investment Counsel Inc. boosted its stake in Strattec Security Corporation by 11.2% during the 2nd quarter. Uniplan Investment Counsel Inc. now owns 148,769 shares of the auto parts company’s stock valued at $5,266,000 after purchasing an additional 15,036 shares during the last quarter. Institutional investors and hedge funds own 82.98% 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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