Strattec Security (STRT) Sets New 52-Week Low at $27.85

Strattec Security Corp. (NASDAQ:STRT) hit a new 52-week low on Friday . The company traded as low as $27.85 and last traded at $28.78, with a volume of 13709 shares traded. The stock had previously closed at $29.60.

Separately, TheStreet cut Strattec Security from a “c+” rating to a “d+” rating in a research note on Friday, January 25th.

The company has a quick ratio of 1.49, a current ratio of 2.22 and a debt-to-equity ratio of 0.25. The company has a market cap of $111.45 million, a P/E ratio of 8.29 and a beta of 1.31.

Strattec Security (NASDAQ:STRT) last released its quarterly earnings results on Thursday, January 24th. The auto parts company reported $0.71 EPS for the quarter. Strattec Security had a positive return on equity of 7.08% and a negative net margin of 2.53%. The company had revenue of $112.91 million during the quarter.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 29th. Stockholders of record on Friday, March 15th will be paid a $0.14 dividend. This represents a $0.56 annualized dividend and a dividend yield of 1.95%. The ex-dividend date is Thursday, March 14th.

A number of institutional investors have recently bought and sold shares of STRT. Brandywine Global Investment Management LLC acquired a new stake in Strattec Security during the fourth quarter worth about $58,000. O Shaughnessy Asset Management LLC acquired a new stake in Strattec Security during the fourth quarter worth about $86,000. JPMorgan Chase & Co. grew its holdings in Strattec Security by 120.8% during the third 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 acquired a new stake in Strattec Security during the third quarter worth about $215,000. Finally, Boston Partners grew its holdings in Strattec Security by 1.8% during the fourth quarter. Boston Partners now owns 33,527 shares of the auto parts company’s stock worth $966,000 after acquiring an additional 594 shares during the period. 77.75% of the stock is currently owned by hedge funds and other institutional investors.

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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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