Strattec Could Be A Speculative Buy, But A Long-Term Hold [Seeking Alpha]
STRATTEC SECURITY CORPORATION (STRT)
Last strattec security corporation earnings: 4/23 04:00 pm
Check Earnings Report
US:NASDAQ Investor Relations:
strattec.com/investors
Company Research
Source: Seeking Alpha
The company's gross margins have been cyclical, causing fluctuations in operating income and stock price. Speculation about a new gross margin expansion cycle and corporate changes is driving interest in the stock, but long-term investors should be cautious. Strattec Security Corporation ( NASDAQ: STRT ) is an American manufacturer of auto parts, particularly keys, locks, and electric control systems. A year ago, in February 2023, I wrote about Strattec . Back then, I considered the company to be an interesting player in a very competitive industry that had managed to keep some of its profitability via alliances. However, I did not consider the stock an opportunity given the long-term negative trends against the company. In this review, I find that the stock has appreciated almost 35% since the previous article. The reason, I believe, is anticipation of a new cycle in the company's operations, plus excitement around managerial changes and investor involvement in the company.
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News
- Strattec Security Corporation (NASDAQ:STRT) is largely controlled by institutional shareholders who own 68% of the company [Yahoo! Finance]Yahoo! Finance
- Strattec Security: Time To Look Elsewhere With Profits Locked In (Downgrade) [Seeking Alpha]Seeking Alpha
- Be Wary Of Strattec Security (NASDAQ:STRT) And Its Returns On Capital [Yahoo! Finance]Yahoo! Finance
- Strattec Security Corp (STRT) Posts Positive Earnings in Fiscal Q2 2024, Reversing Prior Losses [Yahoo! Finance]Yahoo! Finance
- STRATTEC SECURITY CORPORATION Reports Fiscal 2024 Second Quarter Operating Results [Yahoo! Finance]Yahoo! Finance
STRT
Earnings
- 2/8/24 - Beat
STRT
Sec Filings
- 3/5/24 - Form 4
- 2/28/24 - Form 4
- 2/26/24 - Form 4
- STRT's page on the SEC website