Strattec Security Corporation (NASDAQ:STRT) posted its earnings results on Thursday, October 26th. The auto parts company reported $0.67 earnings per share for the quarter, topping the consensus estimate of $0.55 by $0.12, Bloomberg Earnings reports. The firm had revenue of $102.46 million during the quarter. Strattec Security Corporation had a return on equity of 4.94% and a net margin of 1.93%.
Strattec Security Corporation (STRT) opened at $43.85 on Monday. The stock has a market capitalization of $160.99, a P/E ratio of 19.84 and a beta of 1.72. The company has a quick ratio of 1.38, a current ratio of 1.90 and a debt-to-equity ratio of 0.17. Strattec Security Corporation has a twelve month low of $23.00 and a twelve month high of $49.20.
The business also recently announced a quarterly dividend, which will be paid on Friday, December 29th. Stockholders of record on Friday, December 15th will be issued a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a dividend yield of 1.28%. The ex-dividend date is Thursday, December 14th. Strattec Security Corporation’s payout ratio is currently 25.34%.
In related news, insider Patrick J. Hansen sold 2,900 shares of the company’s stock in a transaction on Thursday, November 2nd. The stock was sold at an average price of $45.49, for a total transaction of $131,921.00. Following the transaction, the insider now owns 11,950 shares of the company’s stock, valued at $543,605.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Richard P. Messina sold 3,200 shares of the company’s stock in a transaction on Wednesday, November 1st. The stock was sold at an average price of $46.04, for a total value of $147,328.00. Following the transaction, the vice president now directly owns 4,840 shares in the company, valued at approximately $222,833.60. The disclosure for this sale can be found here. In the last three months, insiders sold 9,100 shares of company stock worth $404,649. Corporate insiders own 7.10% of the company’s stock.
Separately, ValuEngine upgraded Strattec Security Corporation from a “buy” rating to a “strong-buy” rating in a research note on Monday, October 2nd.
Strattec Security Corporation Company Profile
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.
Receive News & Ratings for Strattec Security Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Strattec Security Corporation and related companies with MarketBeat.com's FREE daily email newsletter.