Strattec Security (STRT) Getting Somewhat Favorable News Coverage, Analysis Shows
Media headlines about Strattec Security (NASDAQ:STRT) have been trending somewhat positive this week, Accern reports. The research firm ranks the sentiment of news coverage by monitoring more than twenty million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Strattec Security earned a coverage optimism score of 0.08 on Accern’s scale. Accern also gave media headlines about the auto parts company an impact score of 44.0661683745254 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
Strattec Security (STRT) traded down $0.15 during trading on Monday, reaching $43.95. The company had a trading volume of 25,300 shares, compared to its average volume of 19,094. Strattec Security has a fifty-two week low of $23.00 and a fifty-two week high of $49.20. The company has a current ratio of 2.02, a quick ratio of 1.43 and a debt-to-equity ratio of 0.23. The stock has a market capitalization of $161.35, a P/E ratio of 19.89 and a beta of 1.68.
Strattec Security (NASDAQ:STRT) last posted its quarterly earnings data on Thursday, October 26th. The auto parts company reported $0.67 EPS for the quarter, beating the consensus estimate of $0.55 by $0.12. Strattec Security had a return on equity of 4.86% and a net margin of 1.93%. The business had revenue of $102.46 million for the quarter.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 29th. Investors of record on Friday, December 15th will be paid a $0.14 dividend. The ex-dividend date of this dividend is Thursday, December 14th. This represents a $0.56 annualized dividend and a yield of 1.27%. Strattec Security’s payout ratio is 25.34%.
Separately, ValuEngine upgraded Strattec Security from a “buy” rating to a “strong-buy” rating in a research note on Monday, October 2nd.
In other news, VP Richard P. Messina sold 3,200 shares of the company’s stock in a transaction on Wednesday, November 1st. The shares were sold at an average price of $46.04, for a total value of $147,328.00. Following the transaction, the vice president now owns 4,840 shares of the company’s stock, valued at $222,833.60. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CFO Patrick J. Hansen sold 2,000 shares of the company’s stock in a transaction on Tuesday, October 31st. The stock was sold at an average price of $45.00, for a total transaction of $90,000.00. Following the completion of the transaction, the chief financial officer now directly owns 11,950 shares in the company, valued at approximately $537,750. The disclosure for this sale can be found here. In the last quarter, insiders sold 9,100 shares of company stock worth $414,899. 7.10% of the stock is owned by company insiders.
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About Strattec Security
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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