Last $73.25 USD
Change Today +1.61 / 2.25%
Volume 35.2K
STRT On Other Exchanges
Symbol
Exchange
Berlin
NASDAQ GM
As of 4:00 PM 08/22/14 All times are local (Market data is delayed by at least 15 minutes).

strattec security corp (STRT) Snapshot

Open
$71.14
Previous Close
$71.64
Day High
$74.21
Day Low
$70.25
52 Week High
03/10/14 - $77.83
52 Week Low
08/28/13 - $35.10
Market Cap
254.0M
Average Volume 10 Days
16.5K
EPS TTM
$4.56
Shares Outstanding
3.5M
EX-Date
09/10/14
P/E TM
16.1x
Dividend
$0.48
Dividend Yield
0.60%
Current Stock Chart for STRATTEC SECURITY CORP (STRT)

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strattec security corp (STRT) Details

STRATTEC SECURITY CORPORATION is engaged in the design, development, manufacture, marketing, and export of automotive access control products. The company’s products include mechanical locks and keys, electronically enhanced locks and keys, steering column and instrument panel ignition lock housings, power sliding door systems, power lift gate systems, power deck lid systems, door handles, fobs, push button ignition systems, steering column lock housings, seatback and secondary latches, door handle components, and trim and other access products. It also provides full service and aftermarket support services for the company’s products. STRATTEC SECURITY CORPORATION offers its products under the VAST brand name. It primarily serves automotive original equipment manufacturers and light truck manufacturers, as well as other transportation-related manufacturers in the United States, Canada, Mexico, Europe, South America, Korea, and China. The company offers its products directly, as well as through wholesale distributors, and other marketers and users. STRATTEC SECURITY CORPORATION is headquartered in Milwaukee, Wisconsin.

strattec security corp (STRT) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: $330.9K
Chief Financial Officer, Principal Accounting...
Total Annual Compensation: $241.9K
Vice President of Mexican Operations
Total Annual Compensation: $203.8K
Vice President of Milwaukee Operations for Af...
Total Annual Compensation: $176.3K
Compensation as of Fiscal Year 2013.

strattec security corp (STRT) Key Developments

STRATTEC Security Corporation Declares Cash Dividend for the First Quarter, Payable on September 26, 2014

STRATTEC Security Corporation announced that the company's Board of Directors, at its meeting held August 21, 2014, declared a cash dividend for the company's fiscal first quarter of $0.12 per common share. This represents a 9 % increase from the previous regular dividend of $0.11 per common share. The dividend is payable on September 26, 2014 to shareholders of record as of September 12, 2014.

STRATTEC Security Corporation, Board Meeting, Aug 21, 2014

STRATTEC Security Corporation, Board Meeting, Aug 21, 2014. Agenda: To declare a cash dividend for the first quarter of 2014.

STRATTEC Security Corporation Reports Unaudited Consolidated Earnings Results for the Fourth Quarter and Year Ended June 29, 2014

STRATTEC Security Corporation reported unaudited consolidated earnings results for the fourth quarter and year ended June 29, 2014. For the quarter, the company reported net sales of $102.1 million, compared to net sales of $80.5 million for the fourth quarter ended June 30, 2013. Net income attributable to the company was $5.7 million compared to $3.2 million in the prior year quarter. Diluted earnings per share were $1.58 compared to $0.92 in the prior year quarter. Increased sales to Chrysler Group LLC in the current year quarter was primarily due to higher customer vehicle production volumes and increased content on models for which it supplies components. The increase in sales to General Motors Company in the current year quarter was primarily attributed to incremental service parts sales of $11 million, higher vehicle production volume, and greater product content on models introduced during the 2014 model year. The incremental service parts sales will continue into the first quarter of fiscal year 2015 after which service parts sales will likely return to more normal levels during the second half of the new fiscal year. Sales to Ford Motor Company in the current year quarter were flat. Sales to Tier 1 Customers during the current year quarter decreased slightly in comparison to the prior year quarter. These customers represent primarily other vehicle access control products, such as latches, fobs, and driver controls, that it has developed in recent years to complement its historic core business of locks and keys. The reduction in sales to Hyundai /Kia in the current year quarter was principally due to lower customer vehicle production volume and the discontinuation of a vehicle model for which it had been supplying components. Income from operations was $9.65 million compared to $5.32 million reported a year ago. Capital expenditures were $3.43 million compared to $4.71 million reported a year ago. Net cash provided by operating activities were $2.21 million compared to $7.74 million reported a year ago. Income before provision for income taxes and non-controlling interest were $9.76 million compared to $6.41 million reported a year ago. The company's fiscal 2014 net sales reached a record high, exceeding the prior year record by approximately 17% and diluted earnings per share increased approximately 69% in comparison to the prior year. Net sales were $348.4 million compared to net sales of $298.2 million during fiscal 2013. Net income attributable to the company for fiscal 2014 was $16.4 million compared to net income of $9.4 million in the prior year period. Diluted earnings per share were $4.59 compared to diluted earnings per share of $2.72 in the prior year. Income from operations was $26.52 million compared to $16.8 million reported a year ago. Capital expenditures were $12.81 million compared to $12.51 million reported a year ago. Net cash provided by operating activities were $11.52 million compared to $15.66 million reported a year ago. Income before provision for income taxes and non-controlling interest were $27.81 million compared to $16.88 million reported a year ago.

 

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STRT

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Valuation STRT Industry Range
Price/Earnings 15.3x
Price/Sales 0.7x
Price/Book 2.0x
Price/Cash Flow 15.1x
TEV/Sales 0.6x
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