Strattec Security Corporation (STRT) VP Richard P. Messina Sells 3,200 Shares
Strattec Security Corporation (NASDAQ:STRT) VP Richard P. Messina sold 3,200 shares of Strattec Security Corporation stock in a transaction on Wednesday, November 1st. The shares were sold at an average price of $46.04, for a total value of $147,328.00. Following the sale, the vice president now directly owns 4,840 shares of the company’s stock, valued at approximately $222,833.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.
Strattec Security Corporation (NASDAQ:STRT) last issued its quarterly earnings results on Thursday, October 26th. The auto parts company reported $0.67 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.55 by $0.12. Strattec Security Corporation had a return on equity of 4.94% and a net margin of 1.93%. The business had revenue of $102.46 million during the quarter.
The firm also recently declared a quarterly dividend, which will be paid on Friday, December 29th. Shareholders of record on Friday, December 15th will be paid a $0.14 dividend. The ex-dividend date of this dividend is Thursday, December 14th. This represents a $0.56 dividend on an annualized basis and a yield of 1.21%. Strattec Security Corporation’s payout ratio is presently 25.34%.
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A number of hedge funds have recently modified their holdings of the business. Teton Advisors Inc. increased its stake in Strattec Security Corporation by 0.3% in the 2nd quarter. Teton Advisors Inc. now owns 177,700 shares of the auto parts company’s stock worth $6,291,000 after buying an additional 500 shares in the last quarter. JPMorgan Chase & Co. increased its stake in Strattec Security Corporation by 38.9% in the 1st quarter. JPMorgan Chase & Co. now owns 4,328 shares of the auto parts company’s stock worth $120,000 after buying an additional 1,211 shares in the last quarter. Prudential Financial Inc. increased its stake in Strattec Security Corporation by 21.4% in the 3rd quarter. Prudential Financial Inc. now owns 8,500 shares of the auto parts company’s stock worth $347,000 after buying an additional 1,500 shares in the last quarter. Bank of New York Mellon Corp increased its stake in Strattec Security Corporation by 7.4% in the 1st quarter. Bank of New York Mellon Corp now owns 24,388 shares of the auto parts company’s stock worth $678,000 after buying an additional 1,689 shares in the last quarter. Finally, Legal & General Group Plc increased its stake in Strattec Security Corporation by 266.3% in the 2nd quarter. Legal & General Group Plc now owns 3,835 shares of the auto parts company’s stock worth $136,000 after buying an additional 2,788 shares in the last quarter. Institutional investors and hedge funds own 82.98% of the company’s stock.
Separately, ValuEngine raised Strattec Security Corporation from a “buy” rating to a “strong-buy” rating in a research note on Monday, October 2nd.
Strattec Security Corporation 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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