Strattec Security Corporation Announces Quarterly Dividend of $0.14 (STRT)
Strattec Security Corporation (NASDAQ:STRT) announced a quarterly dividend on Tuesday, October 10th, RTT News reports. Shareholders of record on Friday, December 15th will be paid a dividend of 0.14 per share by the auto parts company on Friday, December 29th. This represents a $0.56 annualized dividend and a yield of 1.30%.
Shares of Strattec Security Corporation (STRT) traded up 0.23% during mid-day trading on Tuesday, reaching $43.10. 9,647 shares of the company’s stock traded hands. Strattec Security Corporation has a 12-month low of $23.00 and a 12-month high of $44.43. The firm has a 50-day moving average of $37.78 and a 200 day moving average of $33.82. The company has a market cap of $154.99 million, a P/E ratio of 21.99 and a beta of 1.62.
Strattec Security Corporation (NASDAQ:STRT) last issued its earnings results on Thursday, August 10th. The auto parts company reported $0.48 earnings per share for the quarter, missing analysts’ consensus estimates of $0.60 by ($0.12). The business had revenue of $108.43 million for the quarter. Strattec Security Corporation had a return on equity of 4.43% and a net margin of 1.72%. Equities analysts forecast that Strattec Security Corporation will post $2.08 EPS for the current year.
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Separately, ValuEngine raised shares of Strattec Security Corporation from a “buy” rating to a “strong-buy” rating in a report on Monday, October 2nd.
In other news, insider Patrick J. Hansen sold 1,000 shares of the stock in a transaction dated Friday, September 1st. The shares were sold at an average price of $35.40, for a total value of $35,400.00. Following the sale, the insider now directly owns 10,950 shares of the company’s stock, valued at $387,630. The sale was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 7.10% of the company’s stock.
About Strattec Security Corporation
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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