Strattec Security Corp. (STRT) Declares $0.14 Quarterly Dividend
Strattec Security Corp. (NASDAQ:STRT) declared a quarterly dividend on Wednesday, October 12th. Investors of record on Friday, December 16th will be paid a dividend of 0.14 per share on Friday, December 30th. This represents a $0.56 annualized dividend and a dividend yield of 1.54%. The ex-dividend date is Wednesday, December 14th.
Shares of Strattec Security Corp. (NASDAQ:STRT) traded up 0.14% on Wednesday, hitting $36.31. 32,551 shares of the company traded hands. The firm’s 50 day moving average price is $38.89 and its 200-day moving average price is $45.91. Strattec Security Corp. has a 1-year low of $34.66 and a 1-year high of $70.76. The stock has a market capitalization of $129.45 million, a price-to-earnings ratio of 14.47 and a beta of 1.27.
Strattec Security Corp. (NASDAQ:STRT) last released its earnings results on Thursday, August 11th. The company reported $0.16 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.53 by $0.37. Strattec Security Corp. had a return on equity of 5.85% and a net margin of 2.28%. On average, equities research analysts expect that Strattec Security Corp. will post $1.04 earnings per share for the current year.
In other Strattec Security Corp. news, VP Richard P. Messina sold 1,000 shares of the stock in a transaction that occurred on Monday, August 29th. The shares were sold at an average price of $43.66, for a total transaction of $43,660.00. Following the completion of the sale, the vice president now directly owns 6,840 shares of the company’s stock, valued at approximately $298,634.40. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Patrick J. Hansen sold 999 shares of the stock in a transaction that occurred on Tuesday, August 23rd. The shares were sold at an average price of $43.12, for a total transaction of $43,076.88. Following the sale, the chief financial officer now directly owns 10,449 shares of the company’s stock, valued at $450,560.88. The disclosure for this sale can be found here. 6.80% of the stock is currently owned by corporate insiders.
Large investors have recently made changes to their positions in the stock. Teachers Advisors Inc. raised its stake in shares of Strattec Security Corp. by 11.0% in the second quarter. Teachers Advisors Inc. now owns 5,228 shares of the company’s stock worth $213,000 after buying an additional 517 shares during the period. Nationwide Fund Advisors raised its stake in shares of Strattec Security Corp. by 140.2% in the second quarter. Nationwide Fund Advisors now owns 7,207 shares of the company’s stock worth $294,000 after buying an additional 4,206 shares during the period. BlackRock Investment Management LLC raised its stake in shares of Strattec Security Corp. by 7.8% in the second quarter. BlackRock Investment Management LLC now owns 14,593 shares of the company’s stock worth $595,000 after buying an additional 1,062 shares during the period. Finally, Dimensional Fund Advisors LP raised its stake in shares of Strattec Security Corp. by 1.2% in the second quarter. Dimensional Fund Advisors LP now owns 264,057 shares of the company’s stock worth $10,766,000 after buying an additional 3,128 shares during the period. 98.04% of the stock is owned by institutional investors and hedge funds.
Separately, Drexel Hamilton reissued a “hold” rating on shares of Strattec Security Corp. in a report on Monday, July 18th.
About Strattec Security Corp.
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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