Strattec Security Corp. (STRT) Declares $0.14 Quarterly Dividend
Strattec Security Corp. (NASDAQ:STRT) announced a quarterly dividend on Wednesday, October 12th. Shareholders 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 dividend on an annualized basis and a yield of 1.54%. The ex-dividend date is Wednesday, December 14th.
Shares of Strattec Security Corp. (NASDAQ:STRT) traded up 0.14% during midday trading on Wednesday, reaching $36.31. 32,551 shares of the company’s stock were exchanged. The stock has a market cap of $129.45 million, a P/E ratio of 14.47 and a beta of 1.27. Strattec Security Corp. has a one year low of $34.66 and a one year high of $70.76. The company’s 50-day moving average is $38.89 and its 200-day moving average is $45.91.
Strattec Security Corp. (NASDAQ:STRT) last released its earnings results on Thursday, August 11th. The company reported $0.16 EPS for the quarter, missing the Zacks’ consensus estimate of $0.53 by $0.37. Strattec Security Corp. had a return on equity of 5.85% and a net margin of 2.28%. Equities analysts expect that Strattec Security Corp. will post $1.04 earnings per share for the current fiscal year.
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In other Strattec Security Corp. news, CFO Patrick J. Hansen sold 999 shares of the business’s stock in a transaction that occurred on Tuesday, August 23rd. The stock was sold at an average price of $43.12, for a total value of $43,076.88. Following the completion of the transaction, the chief financial officer now directly owns 10,449 shares of the company’s stock, valued at $450,560.88. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Richard P. Messina sold 1,000 shares of the business’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 directly owns 6,840 shares of the company’s stock, valued at $298,634.40. The disclosure for this sale can be found here. Corporate insiders own 6.80% of the company’s stock.
A number of hedge funds and other institutional investors have recently made changes to their positions in STRT. Teachers Advisors Inc. increased its position in shares of Strattec Security Corp. by 11.0% in the second quarter. Teachers Advisors Inc. now owns 5,228 shares of the company’s stock worth $213,000 after buying an additional 517 shares during the last quarter. Nationwide Fund Advisors increased its position in shares of Strattec Security Corp. by 140.2% in the second quarter. Nationwide Fund Advisors now owns 7,207 shares of the company’s stock worth $294,000 after buying an additional 4,206 shares during the last quarter. BlackRock Investment Management LLC increased its position in shares of Strattec Security Corp. by 7.8% in the second quarter. BlackRock Investment Management LLC now owns 14,593 shares of the company’s stock worth $595,000 after buying an additional 1,062 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its position in shares of Strattec Security Corp. by 1.2% in the second quarter. Dimensional Fund Advisors LP now owns 264,057 shares of the company’s stock worth $10,766,000 after buying an additional 3,128 shares during the last quarter. 98.04% of the stock is owned by institutional investors.
Separately, Drexel Hamilton reaffirmed a “hold” rating on shares of Strattec Security Corp. in a report on Monday, July 18th.
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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