Strattec Security Corp VP Unloads $78,840 in Stock (STRT)
Strattec Security Corp (NASDAQ:STRT) VP Kathryn E. Scherbarth unloaded 1,500 shares of the company’s stock on the open market in a transaction that occurred on Thursday, February 6th. The shares were sold at an average price of $52.56, for a total transaction of $78,840.00. Following the completion of the transaction, the vice president now directly owns 3,600 shares of the company’s stock, valued at approximately $189,216. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
STRT has been the subject of a number of recent research reports. Analysts at Zacks upgraded shares of Strattec Security Corp from a “neutral” rating to an “outperform” rating in a research note to investors on Wednesday, January 29th. They now have a $58.00 price target on the stock. Separately, analysts at Robert W. Baird raised their price target on shares of Strattec Security Corp from $42.00 to $53.00 in a research note to investors on Friday, January 24th.
Strattec Security Corp (NASDAQ:STRT) traded up 0.71% on Friday, hitting $52.49. The stock had a trading volume of 7,692 shares. Strattec Security Corp has a 52-week low of $26.96 and a 52-week high of $57.49. The stock has a 50-day moving average of $47.89 and a 200-day moving average of $42.18. The company has a market cap of $179.1 million and a price-to-earnings ratio of 16.04.
Strattec Security Corp (NASDAQ:STRT) last posted its quarterly earnings results on Thursday, January 23rd. The company reported $1.09 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.91 by $0.18. During the same quarter last year, the company posted $0.70 earnings per share. On average, analysts predict that Strattec Security Corp will post $4.24 earnings per share for the current fiscal year.
STRATTEC SECURITY CORPORATION designs, develops, manufactures and markets automotive security products including mechanical locks and keys, electronically enhanced locks and keys, steering column and instrument panel ignition lock housings; and access control products including latches, power sliding side door systems, power lift gate systems, power deck lid systems, door handles and related access control products for North American automotive customers.
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