Strattec Security Corp. Director Unloads $392,450 in Stock (STRT)
Strattec Security Corp. (NASDAQ:STRT) Director Harold M. Stratton II unloaded 5,000 shares of the company’s stock in a transaction dated Friday, August 29th. The stock was sold at an average price of $78.49, for a total value of $392,450.00. Following the completion of the transaction, the director now directly owns 44,964 shares in the company, valued at approximately $3,529,224. The transaction was disclosed in a filing with the SEC, which is available at 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 2.50% on Tuesday, hitting $82.25. 48,898 shares of the company’s stock traded hands. Strattec Security Corp. has a 1-year low of $35.31 and a 1-year high of $89.87. The stock’s 50-day moving average is $68.84 and its 200-day moving average is $68.04. The company has a market cap of $285.9 million and a price-to-earnings ratio of 17.48.
Strattec Security Corp. (NASDAQ:STRT) last posted its quarterly 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. Shareholders 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 0.57%. The ex-dividend date is Wednesday, September 10th. This is a positive change 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.