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Stock Price: $61.59 • 11/10/26
Strattec Security (STRT) makes vehicle locks, keys, door handles and powered access systems for major automakers.
October 29 results showed $10.8 million of quarterly operating cash flow despite lower vehicle production. Cost cuts improved gross margin from the previous quarter, and new Mexico initiatives target further savings. The company bought back $5 million of shares, with another $35 million authorized but discretionary.
With a market cap of approximately $248 million, STRT trades at approximately 13x annualized latest-quarter reported profit, backed by $112 million of consolidated cash and no debt. Its December quarter will test whether savings and repurchases can support per-share earnings. Quarterly profit fell 43%; weak auto demand, customer concentration, tariffs, acquisition costs, dilution and thin trading remain risks.
Opinion: STRT appears potentially undervalued if cost savings and disciplined use of its cash support earnings through the auto slowdown.
Daily closes 路 through Nov 09, 2026 路 Yahoo Finance
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