Patrick J. Hansen Sells 1,000 Shares of Strattec Security Corporation (STRT) Stock
Strattec Security Corporation (NASDAQ:STRT) insider Patrick J. Hansen sold 1,000 shares of the stock in a transaction that occurred on Friday, September 1st. The stock was sold at an average price of $35.40, for a total transaction of $35,400.00. Following the transaction, the insider now owns 10,950 shares in the company, valued at approximately $387,630. The sale was disclosed in a filing with the SEC, which can be accessed through this link.
Strattec Security Corporation (NASDAQ STRT) opened at 38.55 on Thursday. The firm has a market cap of $138.55 million, a price-to-earnings ratio of 19.67 and a beta of 1.55. Strattec Security Corporation has a 12 month low of $23.00 and a 12 month high of $44.42. The firm’s 50 day moving average is $34.68 and its 200-day moving average is $32.07.
Strattec Security Corporation (NASDAQ:STRT) last posted its earnings results on Thursday, August 10th. The auto parts company reported $0.48 earnings per share for the quarter, missing the consensus estimate of $0.60 by $0.12. The business had revenue of $108.43 million during the quarter. Strattec Security Corporation had a return on equity of 4.53% and a net margin of 1.72%. On average, equities analysts forecast that Strattec Security Corporation will post $2.08 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Stockholders of record on Friday, September 15th will be paid a $0.14 dividend. The ex-dividend date is Thursday, September 14th. This represents a $0.56 annualized dividend and a dividend yield of 1.45%. Strattec Security Corporation’s payout ratio is 28.57%.
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Several institutional investors and hedge funds have recently bought and sold shares of the company. JPMorgan Chase & Co. grew its stake in Strattec Security Corporation by 38.9% during the first quarter. JPMorgan Chase & Co. now owns 4,328 shares of the auto parts company’s stock valued at $120,000 after acquiring an additional 1,211 shares in the last quarter. Legal & General Group Plc grew its stake in Strattec Security Corporation by 266.3% during 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. purchased a new position in Strattec Security Corporation during the second quarter valued at approximately $205,000. Susquehanna International Group LLP purchased a new position in Strattec Security Corporation during the second quarter valued at approximately $208,000. Finally, LMR Partners LLP purchased a new position in Strattec Security Corporation during the second quarter valued at approximately $348,000. Hedge funds and other institutional investors own 83.15% of the company’s stock.
About Strattec Security Corporation
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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