New insider activity at Strattec Security ( (STRT) ) has taken place on March 1, 2025.
Senior Vice President and Chief Operating Officer Rolando Guillot recently sold 3,500 shares of Strattec Security stock, amounting to a total transaction value of $175,357.
Recent Updates on STRT stock
Strattec Security recently announced its fiscal second-quarter results for 2025, highlighting a revenue increase to $129.9 million, driven by new program launches and heightened customer demand. The company reported a net income of $1.3 million, an improvement from the previous year, and significant cash generation from operations. Strategic restructuring efforts, including reducing shifts in U.S. manufacturing operations, are projected to save $1.2 million annually. Despite challenges such as rising labor costs due to a government-mandated wage hike in Mexico and reduced sales to Stellantis, the company captured approximately $8 million in new annualized pricing, expected to contribute positively in the third quarter. Concerns about tariffs continue to pose potential challenges, but Strattec’s strategic investments in talent and leadership aim to support its transformation and address these issues. The overall sentiment from the earnings call was positive, emphasizing the company’s resilience and forward momentum.
More about Strattec Security
YTD Price Performance: 21.20%
Average Trading Volume: 25,583
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $207.7M