Strattec Security Corporation (STRT)

Strattec Security Corp. experienced a 91.16% stock price increase between March 31, 2025, and March 30, 2026. The company reported fiscal second quarter 2026 revenue of $137.5 million, basic EPS of $1.21, and net income of $4.9 million, with improved gross margin. For the fiscal third quarter of 2026, sales decreased 4.5% year-over-year to $137.6 million due to lower volume and EV program cancellations, but gross margin improved. Net income was $3.2 million, or $0.78 per diluted share. The company expects fourth-quarter revenue to decline 3% to 4% year-over-year. In March 2026, Strattec announced it was accelerating its strategic transformation with a new brand identity.

Demand for Strattec Security Corp.'s products is influenced by the automotive industry's production cycles. Demand slows during the holiday and winter seasons, while March typically marks an increase in sales and production through June. Strattec's first fiscal quarter is generally its weakest, with the remaining quarters being more consistent.

Strattec Security Corporation designs, develops, manufactures, and markets automotive security, access control, and user interface control products and solutions, operating in the Auto Parts industry. Its product portfolio includes locks, keys, fobs, PEPS systems, digital key systems, ignition lock housings, latches, power door systems, door handles, switches, controllers, and E-shifters. Strattec serves automotive OEMs, transportation-related manufacturers, and provides aftermarket support.

Headquartered in Milwaukee, Wisconsin, Strattec Security Corp. has a global presence, shipping products to North America, Europe, South America, Korea, and China. It maintains facilities in Auburn Hills, Michigan, El Paso, Texas, and Ciudad Juarez, Mexico, supporting partnerships with major U.S. automotive OEMs and other vehicle manufacturers.

In the past year, Strattec Security Corp. announced in March 2026 that it was accelerating its strategic transformation with a new brand identity. This initiative aims to modernize and enhance its market perception as a global leader in automotive access and security.

Strattec Security Corp. has a diverse ownership structure, with approximately 41.59% held by Institutional Investors, 3.12% by Insiders, and 55.29% by Public Companies and Individual Investors. Major institutional shareholders include Gamco Investors, Inc. Et Al, BlackRock, Inc., and Vanguard Group Inc. Key individual investors include Mario Gabelli and Gate City Capital Management, LLC.