Skip to navigationSkip to main contentSkip to right columnADVERTISEMENTMarketBeatSat, August 29, 2026 at 10:02 AM GMT+2 6 min readKey PointsInterested in Strattec Security Corporation? Here are five stocks we like better.Strattec is pursuing a multiyear transformation focused on expanding margins, modernizing operations and diversifying beyond Ford, GM and Stellantis, which currently generate 65% of sales. The company is developing ultra-wideband digital key fobs and seeking earlier involvement in automakers' vehicle programs.Recent cost reductions and pricing actions improved gross margin to 16.5% from 15.0%, while adjusted diluted EPS rose to $6.88 from $5.38 and net income increased 10%. However, SG&A climbed to 11.9% of sales, and management expects additional foreign-exchange pressure.Strattec ended the period debt-free with $108 million in cash and authorized a $40 million share-repurchase program, including $7.4 million spent on 110,000 shares in the prior quarter. The company expects roughly $10 million in quarterly cash generation while monitoring tariff and USMCA-related supply-chain risks.Strattec Security (NASDAQ:STRT) is pursuing a multiyear transformation aimed at improving margins, expanding its customer base and modernizing operations, President and CEO Jennifer Slater said during a company presentation.The automotive access and security supplier has been publicly traded since 1995 and has approximately 4 million shares outstanding, with institutional investors owning about 89% of the company, Slater said. Ford, General Motors and Stellantis account for 65% of Strattec's sales.→