Strattec Security Corporation (NASDAQ:STRT) has earned a consensus broker rating score of 3.00 (Hold) from the one analysts that provide coverage for the company, Zacks Investment Research reports. One equities research analyst has rated the stock with a hold rating.
Zacks has also assigned Strattec Security an industry rank of 65 out of 265 based on the ratings given to its competitors.
Separately, ValuEngine raised Strattec Security from a “buy” rating to a “strong-buy” rating in a report on Monday, October 2nd.
Strattec Security (NASDAQ:STRT) last issued its quarterly earnings data on Thursday, October 26th. The auto parts company reported $0.67 EPS for the quarter, topping analysts’ consensus estimates of $0.55 by $0.12. The firm had revenue of $102.46 million during the quarter. Strattec Security had a return on equity of 4.86% and a net margin of 1.93%.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 29th. Shareholders of record on Friday, December 15th will be issued a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a yield of 1.37%. The ex-dividend date is Thursday, December 14th. Strattec Security’s dividend payout ratio is currently 25.34%.
In other Strattec Security news, insider Patrick J. Hansen sold 1,000 shares of the business’s stock in a transaction that occurred on Tuesday, November 21st. The stock was sold at an average price of $45.65, for a total transaction of $45,650.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Richard P. Messina sold 3,200 shares of the business’s stock in a transaction that occurred on Wednesday, November 1st. The stock was 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 $222,833.60. The disclosure for this sale can be found here. Insiders have sold a total of 9,100 shares of company stock valued at $414,899 over the last three months. Corporate insiders own 7.10% of the company’s stock.
Several hedge funds have recently added to or reduced their stakes in STRT. Legal & General Group Plc grew its holdings in shares of Strattec Security by 266.3% in the second quarter. Legal & General Group Plc now owns 3,835 shares of the auto parts company’s stock valued at $136,000 after acquiring an additional 2,788 shares in the last quarter. GRT Capital Partners L.L.C. bought a new position in shares of Strattec Security in the second quarter valued at approximately $205,000. Susquehanna International Group LLP bought a new position in shares of Strattec Security in the second quarter valued at approximately $208,000. Prudential Financial Inc. grew its holdings in shares of Strattec Security by 21.4% in the third quarter. Prudential Financial Inc. now owns 8,500 shares of the auto parts company’s stock valued at $347,000 after acquiring an additional 1,500 shares in the last quarter. Finally, LMR Partners LLP bought a new position in shares of Strattec Security in the second quarter valued at approximately $348,000. 81.94% of the stock is owned by institutional investors.
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About Strattec Security
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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