Strattec Security (STRT) Sets New 1-Year Low at $29.29

Strattec Security Corp. (NASDAQ:STRT) reached a new 52-week low during trading on Thursday . The stock traded as low as $29.29 and last traded at $30.37, with a volume of 17233 shares changing hands. The stock had previously closed at $30.25.

Separately, ValuEngine raised Strattec Security from a “sell” rating to a “hold” rating in a report on Friday, August 10th.

The firm has a market cap of $113.27 million, a P/E ratio of 8.12 and a beta of 1.28. The company has a quick ratio of 1.51, a current ratio of 2.15 and a debt-to-equity ratio of 0.26.

Strattec Security (NASDAQ:STRT) last announced its quarterly earnings results on Thursday, October 25th. The auto parts company reported $0.93 earnings per share (EPS) for the quarter. Strattec Security had a return on equity of 7.58% and a net margin of 2.93%. The business had revenue of $117.16 million during the quarter.

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 28th. Shareholders of record on Tuesday, December 18th will be issued a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a yield of 1.86%. The ex-dividend date of this dividend is Monday, December 17th.

In other Strattec Security news, VP Brian J. Reetz sold 2,914 shares of the firm’s stock in a transaction on Thursday, November 29th. The stock was sold at an average price of $30.04, for a total transaction of $87,536.56. Following the completion of the sale, the vice president now owns 15,408 shares of the company’s stock, valued at approximately $462,856.32. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 7.10% of the company’s stock.

A number of institutional investors have recently made changes to their positions in STRT. Ariel Investments LLC increased its position in Strattec Security by 18.0% during the 2nd quarter. Ariel Investments LLC now owns 371,796 shares of the auto parts company’s stock worth $11,358,000 after buying an additional 56,700 shares during the period. FMR LLC increased its position in Strattec Security by 10.4% during the 2nd quarter. FMR LLC now owns 465,513 shares of the auto parts company’s stock worth $14,221,000 after buying an additional 43,800 shares during the period. Stone Ridge Asset Management LLC bought a new position in Strattec Security during the 3rd quarter worth $215,000. Renaissance Technologies LLC increased its position in Strattec Security by 6.3% during the 3rd quarter. Renaissance Technologies LLC now owns 72,565 shares of the auto parts company’s stock worth $2,587,000 after buying an additional 4,300 shares during the period. Finally, Dimensional Fund Advisors LP increased its position in Strattec Security by 1.1% during the 3rd quarter. Dimensional Fund Advisors LP now owns 311,341 shares of the auto parts company’s stock worth $11,099,000 after buying an additional 3,470 shares during the period. 77.88% of the stock is owned by institutional investors and hedge funds.

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About Strattec Security (NASDAQ:STRT)

Strattec Security Corporation engages in the design, development, manufacture, and marketing of automotive access control products under the VAST brand primarily in the United States. The company offers 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.

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