Strattec Security Corporation (NASDAQ:STRT) has received a consensus broker rating score of 3.00 (Hold) from the one brokers that cover the stock, Zacks Investment Research reports. One equities research analyst has rated the stock with a hold recommendation.
Zacks has also given Strattec Security Corporation an industry rank of 67 out of 265 based on the ratings given to its competitors.
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In related news, VP Patrick J. Hansen sold 2,500 shares of Strattec Security Corporation stock in a transaction on Tuesday, May 30th. The shares were sold at an average price of $35.01, for a total transaction of $87,525.00. Following the sale, the vice president now owns 11,561 shares of the company’s stock, valued at approximately $404,750.61. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 6.80% of the company’s stock.
A number of hedge funds and other institutional investors have recently made changes to their positions in the company. FMR LLC raised its position in shares of Strattec Security Corporation by 43.6% in the fourth quarter. FMR LLC now owns 324,400 shares of the auto parts company’s stock valued at $13,073,000 after buying an additional 98,500 shares in the last quarter. Renaissance Technologies LLC raised its position in shares of Strattec Security Corporation by 12.6% in the fourth quarter. Renaissance Technologies LLC now owns 105,271 shares of the auto parts company’s stock valued at $4,242,000 after buying an additional 11,806 shares in the last quarter. Gamco Investors INC. ET AL raised its position in shares of Strattec Security Corporation by 4.0% in the first quarter. Gamco Investors INC. ET AL now owns 212,800 shares of the auto parts company’s stock valued at $5,916,000 after buying an additional 8,201 shares in the last quarter. Russell Investments Group Ltd. bought a new position in shares of Strattec Security Corporation during the fourth quarter valued at $253,000. Finally, Uniplan Investment Counsel Inc. raised its position in shares of Strattec Security Corporation by 2.1% in the first quarter. Uniplan Investment Counsel Inc. now owns 133,733 shares of the auto parts company’s stock valued at $3,717,000 after buying an additional 2,799 shares in the last quarter. 85.81% of the stock is owned by institutional investors.
Shares of Strattec Security Corporation (NASDAQ:STRT) traded up 1.52% on Friday, hitting $36.75. The stock had a trading volume of 8,024 shares. Strattec Security Corporation has a one year low of $23.00 and a one year high of $48.86. The stock has a market cap of $132.04 million, a PE ratio of 22.37 and a beta of 1.52. The company’s 50 day moving average is $34.05 and its 200 day moving average is $33.19.
The firm also recently announced a quarterly dividend, which was paid on Friday, June 30th. Stockholders of record on Friday, June 16th were paid a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a dividend yield of 1.55%. The ex-dividend date of this dividend was Wednesday, June 14th. Strattec Security Corporation’s dividend payout ratio is presently 34.15%.
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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