Strattec Security Corporation (NASDAQ:STRT – Get Free Report) Director Frederic Jack Liebau, Jr. bought 1,000 shares of Strattec Security stock in a transaction that occurred on Tuesday, May 12th. The shares were acquired at an average cost of $61.37 per share, for a total transaction of $61,370.00. Following the completion of the transaction, the director directly owned 7,748 shares in the company, valued at $475,494.76. This represents a 14.82% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link.
Strattec Security Price Performance
Shares of NASDAQ:STRT opened at $66.91 on Friday. The business’s 50-day moving average is $76.03 and its 200 day moving average is $77.65. Strattec Security Corporation has a 1 year low of $47.23 and a 1 year high of $92.50. The firm has a market capitalization of $279.62 million, a P/E ratio of 11.04, a P/E/G ratio of 1.09 and a beta of 1.17.
Strattec Security (NASDAQ:STRT – Get Free Report) last posted its quarterly earnings results on Thursday, May 7th. The auto parts company reported $0.90 earnings per share for the quarter, missing the consensus estimate of $1.14 by ($0.24). The firm had revenue of $137.63 million for the quarter, compared to analysts’ expectations of $140.35 million. Strattec Security had a net margin of 4.31% and a return on equity of 11.00%. On average, analysts expect that Strattec Security Corporation will post 6.12 EPS for the current year.
Analyst Ratings Changes
Read Our Latest Stock Analysis on STRT
Institutional Trading of Strattec Security
A number of hedge funds have recently modified their holdings of the stock. Dimensional Fund Advisors LP boosted its position in Strattec Security by 3.6% during the first quarter. Dimensional Fund Advisors LP now owns 248,136 shares of the auto parts company’s stock worth $19,438,000 after purchasing an additional 8,542 shares in the last quarter. Gabelli Funds LLC boosted its position in Strattec Security by 41.7% during the first quarter. Gabelli Funds LLC now owns 247,800 shares of the auto parts company’s stock worth $19,413,000 after purchasing an additional 72,900 shares in the last quarter. Vanguard Group Inc. boosted its position in Strattec Security by 2.3% during the third quarter. Vanguard Group Inc. now owns 238,937 shares of the auto parts company’s stock worth $16,262,000 after purchasing an additional 5,280 shares in the last quarter. Millennium Management LLC boosted its position in Strattec Security by 117.3% during the third quarter. Millennium Management LLC now owns 112,312 shares of the auto parts company’s stock worth $7,644,000 after purchasing an additional 60,628 shares in the last quarter. Finally, Geode Capital Management LLC boosted its position in Strattec Security by 7.0% during the fourth quarter. Geode Capital Management LLC now owns 97,246 shares of the auto parts company’s stock worth $7,406,000 after purchasing an additional 6,403 shares in the last quarter. Hedge funds and other institutional investors own 68.91% of the company’s stock.
About Strattec Security
Strattec Security Corporation is a Wisconsin‐based designer and manufacturer of mechanical and electronic locking systems for the global automotive market. Established more than five decades ago, the company supplies original equipment manufacturers (OEMs) and the aftermarket with a broad portfolio of lock and key solutions tailored to passenger cars, light trucks and commercial vehicles.
The company’s product range includes mechanical locking systems such as door lock cylinders, ignition lock modules, key blanks and door handles, as well as electromechanical and keyless‐entry systems.
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