Zacks: Strattec Security Corp. (STRT) Receives Average Recommendation of “Hold” from Brokerages
Strattec Security Corp. (NASDAQ:STRT) has been assigned an average broker rating score of 3.00 (Hold) from the one analysts that cover the company, Zacks Investment Research reports. One investment analyst has rated the stock with a hold recommendation.
Zacks has also given Strattec Security Corp. an industry rank of 37 out of 265 based on the ratings given to related companies.
Shares of Strattec Security Corp. (NASDAQ:STRT) traded down 2.65% during trading on Monday, reaching $23.90. The company had a trading volume of 7,256 shares. Strattec Security Corp. has a 52-week low of $23.00 and a 52-week high of $57.90. The firm has a 50-day moving average price of $27.12 and a 200-day moving average price of $34.44. The company has a market capitalization of $85.82 million, a P/E ratio of 19.77 and a beta of 1.56.
Strattec Security Corp. (NASDAQ:STRT) last released its quarterly earnings data on Thursday, January 26th. The auto parts company reported $0.11 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.43 by $0.32. Strattec Security Corp. had a net margin of 1.10% and a return on equity of 2.81%. The company had revenue of $98.95 million for the quarter. On average, analysts predict that Strattec Security Corp. will post $1.20 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, March 31st. Investors of record on Friday, March 17th were given a dividend of $0.14 per share. The ex-dividend date was Wednesday, March 15th. This represents a $0.56 dividend on an annualized basis and a yield of 2.28%. Strattec Security Corp.’s dividend payout ratio is currently 46.28%.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. FMR LLC raised its position in Strattec Security Corp. by 43.6% in the fourth quarter. FMR LLC now owns 324,400 shares of the auto parts company’s stock worth $13,073,000 after buying an additional 98,500 shares in the last quarter. Teton Advisors Inc. raised its position in Strattec Security Corp. by 0.6% in the fourth quarter. Teton Advisors Inc. now owns 176,700 shares of the auto parts company’s stock worth $7,121,000 after buying an additional 1,000 shares in the last quarter. Renaissance Technologies LLC raised its position in Strattec Security Corp. by 12.6% in the fourth quarter. Renaissance Technologies LLC now owns 105,271 shares of the auto parts company’s stock worth $4,242,000 after buying an additional 11,806 shares in the last quarter. Uniplan Investment Counsel Inc. raised its position in Strattec Security Corp. by 4.5% in the third quarter. Uniplan Investment Counsel Inc. now owns 81,583 shares of the auto parts company’s stock worth $2,879,000 after buying an additional 3,481 shares in the last quarter. Finally, State Street Corp raised its position in Strattec Security Corp. by 4.8% in the fourth quarter. State Street Corp now owns 46,391 shares of the auto parts company’s stock worth $1,867,000 after buying an additional 2,108 shares in the last quarter. Institutional investors and hedge funds own 89.27% of the company’s stock.
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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