Legal & General Group Plc Acquires 2,788 Shares of Strattec Security Corporation (STRT)
Legal & General Group Plc grew its holdings in shares of Strattec Security Corporation (NASDAQ:STRT) by 266.3% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,835 shares of the auto parts company’s stock after purchasing an additional 2,788 shares during the period. Legal & General Group Plc owned about 0.11% of Strattec Security Corporation worth $136,000 as of its most recent SEC filing.
Other large investors have also modified their holdings of the company. JPMorgan Chase & Co. increased its stake in Strattec Security Corporation by 38.9% during the first quarter. JPMorgan Chase & Co. now owns 4,328 shares of the auto parts company’s stock worth $120,000 after purchasing an additional 1,211 shares during the period. LMR Partners LLP purchased a new stake in Strattec Security Corporation during the second quarter worth about $348,000. Municipal Employees Retirement System of Michigan purchased a new stake in Strattec Security Corporation during the second quarter worth about $365,000. Russell Investments Group Ltd. purchased a new stake in Strattec Security Corporation during the second quarter worth about $480,000. Finally, Algert Global LLC purchased a new stake in Strattec Security Corporation during the second quarter worth about $552,000. Institutional investors own 82.93% of the company’s stock.
Shares of Strattec Security Corporation (STRT) opened at 41.70 on Tuesday. The stock has a market capitalization of $149.95 million, a price-to-earnings ratio of 21.28 and a beta of 1.62. Strattec Security Corporation has a 52 week low of $23.00 and a 52 week high of $44.43. The firm’s 50-day moving average is $39.10 and its 200-day moving average is $34.27.
Strattec Security Corporation (NASDAQ:STRT) last released its quarterly earnings results on Thursday, August 10th. The auto parts company reported $0.48 EPS for the quarter, missing the consensus estimate of $0.60 by ($0.12). The company had revenue of $108.43 million for the quarter. Strattec Security Corporation had a return on equity of 4.43% and a net margin of 1.72%. On average, equities research analysts anticipate that Strattec Security Corporation will post $2.08 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, December 29th. Investors of record on Friday, December 15th will be given a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a yield of 1.34%. The ex-dividend date is Thursday, December 14th. Strattec Security Corporation’s dividend payout ratio (DPR) is presently 28.57%.
In related news, insider Patrick J. Hansen sold 1,000 shares of the business’s stock in a transaction that occurred on Friday, September 1st. The stock was sold at an average price of $35.40, for a total transaction of $35,400.00. Following the transaction, the insider now directly owns 10,950 shares of the company’s stock, valued at approximately $387,630. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 7.10% of the company’s stock.
Separately, ValuEngine upgraded shares of 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.
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