Share on StockTwits

Strattec Security Corp. (NASDAQ:STRT) VP Richard P. Messina sold 3,220 shares of Strattec Security Corp. stock in a transaction that occurred on Monday, August 25th. The shares were sold at an average price of $72.01, for a total value of $231,872.20. Following the completion of the sale, the vice president now directly owns 5,000 shares in the company, valued at approximately $360,050. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

A number of research firms have recently commented on STRT. Analysts at Zacks upgraded shares of Strattec Security Corp. from a “neutral” rating to an “outperform” rating in a research note on Thursday, August 7th. They now have a $79.80 price target on the stock. Analysts at Robert W. Baird raised their price target on shares of Strattec Security Corp. from $68.00 to $72.00 in a research note on Wednesday, August 6th.

Shares of Strattec Security Corp. (NASDAQ:STRT) traded up 2.26% during mid-day trading on Tuesday, hitting $77.05. 13,166 shares of the company’s stock traded hands. Strattec Security Corp. has a 1-year low of $35.10 and a 1-year high of $78.00. The stock’s 50-day moving average is $66.93 and its 200-day moving average is $67.19. The company has a market cap of $267.8 million and a P/E ratio of 16.42.

Strattec Security Corp. (NASDAQ:STRT) last announced its earnings results on Tuesday, August 5th. The company reported $1.58 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.17 by $0.41. Analysts expect that Strattec Security Corp. will post $5.09 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which is scheduled for Friday, September 26th. Stockholders of record on Friday, September 12th will be paid a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a dividend yield of 0.64%. The ex-dividend date is Wednesday, September 10th. This is a boost from Strattec Security Corp.’s previous quarterly dividend of $0.11.

STRATTEC SECURITY CORPORATION (NASDAQ:STRT) is a producer of automotive locks and keys.

Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.