Strattec Security (STRT) Sets New 52-Week Low at $29.29

Strattec Security Corp. (NASDAQ:STRT)’s share price hit a new 52-week low on Thursday . The stock traded as low as $29.29 and last traded at $30.37, with a volume of 17233 shares. The stock had previously closed at $30.25.

Separately, ValuEngine upgraded shares of Strattec Security from a “sell” rating to a “hold” rating in a research note on Friday, August 10th.

The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.51 and a current ratio of 2.15. The company has a market capitalization of $113.08 million, a price-to-earnings ratio of 8.11 and a beta of 1.28.

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

The company also recently announced a quarterly dividend, which will be paid on Friday, December 28th. Shareholders of record on Tuesday, December 18th will be paid a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a yield of 1.85%. The ex-dividend date 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 that occurred on Thursday, November 29th. The shares were sold at an average price of $30.04, for a total transaction of $87,536.56. Following the sale, the vice president now owns 15,408 shares in the company, valued at approximately $462,856.32. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 7.10% of the stock is currently owned by company insiders.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in STRT. JPMorgan Chase & Co. raised its stake in Strattec Security by 120.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 3,292 shares of the auto parts company’s stock worth $117,000 after acquiring an additional 1,801 shares during the period. Stone Ridge Asset Management LLC bought a new stake in Strattec Security during the 3rd quarter worth approximately $215,000. Renaissance Technologies LLC raised its stake 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 acquiring an additional 4,300 shares during the period. BlackRock Inc. raised its stake in Strattec Security by 2.2% during the 2nd quarter. BlackRock Inc. now owns 101,198 shares of the auto parts company’s stock worth $3,092,000 after acquiring an additional 2,162 shares during the period. Finally, Vanguard Group Inc. raised its stake in Strattec Security by 1.7% during the 3rd quarter. Vanguard Group Inc. now owns 140,473 shares of the auto parts company’s stock worth $5,008,000 after acquiring an additional 2,400 shares during the period. Institutional investors own 77.88% of the company’s stock.

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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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