STRATTEC SECURITY CORP
STRT · Motor Vehicle Parts & Accessories · 4.2M shares · +2%/yr ↑ shares · EDGAR filings ↗
Reference price $62.46 · est. market cap ~$261M — last insider purchase, 2026-05-13 (estimated from the dated SEC Form 4 price × shares outstanding — not a live quote)
Grade
B72Improving automotive access/security supplier with top-decile cash generation and rising earnings.
Strengths
- OCF margin 12.7% (93.3 pct) and FCF margin 11.4% (90 pct), interest coverage 22.6 (91.6 pct)
- Net income +15% (81.8 pct), gross margin +280bp, strong liquidity (quick ratio 1.89, 88.9 pct)
Risks
- Customer concentration (GM 29%, Ford 23%, Stellantis 12%) and auto-production cyclicality
- Tariff/USMCA-renewal exposure on Mexico manufacturing; ROE 8.4% and net margin only mid
Notable findings
- Customer concentration~65% of revenue from one customer/distributor — We ship approximately 65% of our sales (the majority of which are USMCA compliant) to customer production sites in the United States, with the balance shipped to other countries
- Insider buyingInsider buying — 4 open-market buy(s) by 3 insider(s) (cluster of 3 insiders, ~$286,430, last 6mo) Form 4 ↗
Quarterly revenue
Last 4 quarters · from SEC filings.
Key metrics
Gross margin
15.0%
Operating margin
4.0%
Net margin
3.3%
Return on equity
8.4%
Return on assets
4.8%
Revenue growth (QoQ)
0.1%
Net-income growth
14.5%
Interest coverage
22.6×
Current ratio
2.4×
Free cash flow
$65M
Tangible book value
$222M
Cash & investments
$85M
Stock comp / revenue
0.5%
Insider transactions · last 18 months
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| 2026-05-13 | Slater Jennifer Lynn | Buy | 801 | $62.46 |
| 2026-05-12 | LIEBAU FREDERIC JACK JR | Buy | 1.0K | $61.37 |
| 2026-05-12 | Pauli Matthew | Buy | 2.0K | $62.53 |
| 2026-05-12 | Slater Jennifer Lynn | Buy | 797 | $62.71 |
| 2025-11-17 | Messina Richard P | Sell | 3.0K | $66.35 |
| 2025-11-13 | Pauli Matthew | Tax withheld | 814 | — |
| 2025-10-25 | Slater Jennifer Lynn | Tax withheld | 2.6K | — |
| 2025-10-15 | Chang Tina M | Grant | 1.2K | $68.38 |
| 2025-10-15 | LIEBAU FREDERIC JACK JR | Grant | 1.2K | $68.38 |
| 2025-10-15 | LISMAN BRUCE M | Grant | 1.2K | $68.38 |
| 2025-10-15 | FLORSHEIM THOMAS W JR | Grant | 1.2K | $68.38 |
| 2025-10-15 | Anversa Matteo | Grant | 1.2K | $68.38 |
| 2025-09-30 | Guillot Rolando | Tax withheld | 1.4K | — |
| 2025-08-28 | Guillot Rolando | Sell | 23K | $65.86 |
| 2025-08-23 | Messina Richard P | Tax withheld | 320 | — |
| 2025-08-23 | Messina Richard P | Tax withheld | 320 | — |
| 2025-08-23 | Guillot Rolando | Tax withheld | 453 | — |
| 2025-08-22 | Messina Richard P | Grant | 804 | — |
| 2025-08-22 | Messina Richard P | Tax withheld | 320 | — |
| 2025-08-22 | Guillot Rolando | Tax withheld | 453 | — |
| 2025-08-22 | Messina Richard P | Tax withheld | 320 | — |
| 2025-08-22 | Messina Richard P | Grant | 804 | — |
| 2025-08-22 | Becker-Varto Chey | Grant | 1.7K | — |
| 2025-08-22 | Pauli Matthew | Grant | 3.5K | — |
| 2025-08-22 | Slater Jennifer Lynn | Grant | 10K | — |
| 2025-08-20 | Guillot Rolando | Tax withheld | 453 | — |
| 2025-08-20 | Messina Richard P | Tax withheld | 320 | — |
| 2025-07-01 | Slater Jennifer Lynn | Tax withheld | 5.9K | — |
| 2025-02-26 | Guillot Rolando | Sell | 3.1K | $50.00 |
| 2025-02-26 | Guillot Rolando | Sell | 357 | $51.00 |
All non-derivative Form 4 activity (SEC), newest first.
Supply chain
Customers (3)
- General Motors Company 29% of rev
- Ford Motor Company 23% of rev
- Stellantis 12% of rev
Suppliers (0)
Named in the 10-K; linked when we track them.
Notable events (8-K)
| Date | Items | |
|---|---|---|
| 2026-05-28 | Reg FDExhibits | filing ↗ |
| 2026-05-07 | ResultsReg FDExhibits | filing ↗ |
| 2026-04-30 | 1.02 | filing ↗ |
| 2026-02-05 | ResultsReg FDExhibits | filing ↗ |
| 2025-10-30 | Material agreementResultsDebt obligationReg FDExhibits | filing ↗ |
| 2025-10-17 | Shareholder voteExhibits | filing ↗ |
| 2025-08-14 | ResultsReg FDExhibits | filing ↗ |
| 2025-05-08 | ResultsReg FDExhibits | filing ↗ |
Recent filings
| Form | Filed | Period | Accession |
|---|---|---|---|
| 8-K | 2026-05-28 | 2026-05-28 | 0001193125-26-245261 ↗ |
| 10-Q | 2026-05-08 | 2026-03-29 | 0001193125-26-214153 ↗ |
| 8-K | 2026-05-07 | 2026-05-07 | 0001193125-26-212420 ↗ |
| 8-K | 2026-04-30 | 2026-04-30 | 0001193125-26-197481 ↗ |
| 10-Q | 2026-02-06 | 2025-12-28 | 0001193125-26-040760 ↗ |
| 8-K | 2026-02-05 | 2026-02-05 | 0001193125-26-039481 ↗ |
| 10-Q | 2025-10-31 | 2025-09-28 | 0001193125-25-260138 ↗ |
| 8-K | 2025-10-30 | 2025-10-27 | 0001193125-25-258802 ↗ |
| 8-K | 2025-10-17 | 2025-10-15 | 0001193125-25-241627 ↗ |
| 10-K | 2025-08-25 | 2025-06-29 | 0000950170-25-111218 ↗ |
| 8-K | 2025-08-14 | 2025-08-14 | 0001193125-25-180821 ↗ |
| 10-Q | 2025-05-09 | 2025-03-30 | 0000950170-25-067538 ↗ |