Strattec Security (NASDAQ:STRT) Stock Price Crosses Above 200 Day Moving Average – Here’s What Happened
by Teresa Graham · The Cerbat GemShares of Strattec Security Corporation (NASDAQ:STRT – Get Free Report) passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $70.74 and traded as high as $82.05. Strattec Security shares last traded at $79.58, with a volume of 29,055 shares.
Wall Street Analysts Forecast Growth
A number of brokerages recently issued reports on STRT. Zacks Research cut shares of Strattec Security from a “strong-buy” rating to a “hold” rating in a report on Friday, January 2nd. Weiss Ratings reissued a “buy (b)” rating on shares of Strattec Security in a report on Monday, December 29th. One research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy”.
View Our Latest Research Report on STRT
Strattec Security Stock Down 3.5%
The company has a 50-day moving average price of $77.52 and a 200-day moving average price of $70.78. The company has a market capitalization of $333.44 million, a price-to-earnings ratio of 13.91, a P/E/G ratio of 1.52 and a beta of 1.17.
Strattec Security (NASDAQ:STRT – Get Free Report) last posted its quarterly earnings data on Thursday, October 30th. The auto parts company reported $2.22 earnings per share for the quarter, topping the consensus estimate of $1.48 by $0.74. The business had revenue of $152.40 million during the quarter, compared to analysts’ expectations of $144.87 million. Strattec Security had a return on equity of 10.94% and a net margin of 4.06%. Equities analysts expect that Strattec Security Corporation will post 3.67 EPS for the current fiscal year.
Insider Activity
In related news, VP Richard P. Messina sold 3,000 shares of the business’s stock in a transaction on Monday, November 17th. The shares were sold at an average price of $66.35, for a total transaction of $199,050.00. Following the transaction, the vice president owned 11,624 shares of the company’s stock, valued at approximately $771,252.40. The trade was a 20.51% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 3.90% of the company’s stock.
Institutional Investors Weigh In On Strattec Security
Institutional investors have recently added to or reduced their stakes in the company. NewEdge Advisors LLC grew its stake in shares of Strattec Security by 3.8% in the 3rd quarter. NewEdge Advisors LLC now owns 5,652 shares of the auto parts company’s stock valued at $385,000 after purchasing an additional 207 shares during the period. Ameritas Investment Partners Inc. acquired a new stake in shares of Strattec Security in the 2nd quarter valued at $25,000. Empowered Funds LLC increased its position in shares of Strattec Security by 3.3% during the 1st quarter. Empowered Funds LLC now owns 17,221 shares of the auto parts company’s stock worth $680,000 after purchasing an additional 555 shares in the last quarter. State of Alaska Department of Revenue bought a new position in Strattec Security during the 4th quarter valued at about $58,000. Finally, Dynamic Technology Lab Private Ltd grew its stake in Strattec Security by 10.6% during the second quarter. Dynamic Technology Lab Private Ltd now owns 8,180 shares of the auto parts company’s stock worth $509,000 after buying an additional 787 shares during the last quarter. 68.91% of the stock is owned by institutional investors and hedge funds.
About Strattec Security
Strattec Security Corporation is a Wisconsin‐based designer and manufacturer of mechanical and electronic locking systems for the global automotive market. Established more than five decades ago, the company supplies original equipment manufacturers (OEMs) and the aftermarket with a broad portfolio of lock and key solutions tailored to passenger cars, light trucks and commercial vehicles.
The company’s product range includes mechanical locking systems such as door lock cylinders, ignition lock modules, key blanks and door handles, as well as electromechanical and keyless‐entry systems.