Strattec Security Corp. (NASDAQ:STRT) declared a quarterly dividend on Wednesday, October 12th. Investors of record on Friday, December 16th will be paid a dividend of 0.14 per share on Friday, December 30th. This represents a $0.56 annualized dividend and a yield of 1.54%. The ex-dividend date is Wednesday, December 14th.
Strattec Security Corp. (NASDAQ:STRT) opened at 36.31 on Thursday. The company has a market cap of $129.45 million, a P/E ratio of 14.47 and a beta of 1.27. The company has a 50-day moving average of $38.68 and a 200 day moving average of $45.84. Strattec Security Corp. has a one year low of $34.66 and a one year high of $70.76.
Strattec Security Corp. (NASDAQ:STRT) last issued its earnings results on Thursday, August 11th. The company reported $0.16 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.53 by $0.37. Strattec Security Corp. had a net margin of 2.28% and a return on equity of 5.85%. Equities research analysts predict that Strattec Security Corp. will post $1.04 EPS for the current year.
Separately, Drexel Hamilton reaffirmed a “hold” rating on shares of Strattec Security Corp. in a research note on Monday, July 18th.
In other news, VP Richard P. Messina sold 1,000 shares of the company’s stock in a transaction that occurred on Monday, August 29th. The shares were sold at an average price of $43.66, for a total value of $43,660.00. Following the completion of the transaction, the vice president now owns 6,840 shares in the company, valued at $298,634.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Patrick J. Hansen sold 999 shares of the company’s stock in a transaction that occurred on Tuesday, August 23rd. The shares were sold at an average price of $43.12, for a total transaction of $43,076.88. Following the completion of the transaction, the chief financial officer now owns 10,449 shares of the company’s stock, valued at approximately $450,560.88. The disclosure for this sale can be found here. 6.80% of the stock is currently owned by company insiders.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Teachers Advisors Inc. boosted its position in Strattec Security Corp. by 11.0% in the second quarter. Teachers Advisors Inc. now owns 5,228 shares of the company’s stock valued at $213,000 after buying an additional 517 shares during the period. BlackRock Investment Management LLC boosted its position in Strattec Security Corp. by 7.8% in the second quarter. BlackRock Investment Management LLC now owns 14,593 shares of the company’s stock valued at $595,000 after buying an additional 1,062 shares during the period. Dimensional Fund Advisors LP boosted its position in Strattec Security Corp. by 1.2% in the second quarter. Dimensional Fund Advisors LP now owns 264,057 shares of the company’s stock valued at $10,766,000 after buying an additional 3,128 shares during the period. Finally, Nationwide Fund Advisors boosted its position in Strattec Security Corp. by 140.2% in the second quarter. Nationwide Fund Advisors now owns 7,207 shares of the company’s stock valued at $294,000 after buying an additional 4,206 shares during the period. Institutional investors own 98.04% of the company’s stock.
Strattec Security Corp. Company Profile
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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