Bridgeway Capital Management LLC Buys 11,850 Shares of Strattec Security Co. (NASDAQ:STRT)

Bridgeway Capital Management LLC grew its stake in shares of Strattec Security Co. (NASDAQ:STRT - Free Report) by 42.1% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 39,978 shares of the auto parts company's stock after acquiring an additional 11,850 shares during the quarter. Bridgeway Capital Management LLC owned about 0.98% of Strattec Security worth $1,647,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Dimensional Fund Advisors LP boosted its position in shares of Strattec Security by 3.5% during the fourth quarter. Dimensional Fund Advisors LP now owns 234,260 shares of the auto parts company's stock valued at $9,652,000 after buying an additional 7,880 shares during the last quarter. Truffle Hound Capital LLC bought a new position in Strattec Security in the fourth quarter valued at about $5,150,000. Renaissance Technologies LLC boosted its position in Strattec Security by 4.2% in the fourth quarter. Renaissance Technologies LLC now owns 100,906 shares of the auto parts company's stock worth $4,157,000 after purchasing an additional 4,100 shares during the last quarter. Peapod Lane Capital LLC bought a new stake in shares of Strattec Security during the 4th quarter valued at about $2,934,000. Finally, Allspring Global Investments Holdings LLC increased its position in shares of Strattec Security by 85.2% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 46,476 shares of the auto parts company's stock valued at $1,915,000 after purchasing an additional 21,376 shares during the last quarter. 68.91% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded shares of Strattec Security from a "buy" rating to a "strong-buy" rating in a research note on Friday, February 7th.

Strattec Security Price Performance

Shares of NASDAQ STRT traded up $2.08 during midday trading on Tuesday, reaching $43.68. The stock had a trading volume of 22,090 shares, compared to its average volume of 21,418. The company has a market capitalization of $182.23 million, a price-to-earnings ratio of 10.92, a price-to-earnings-growth ratio of 1.37 and a beta of 1.10. Strattec Security Co. has a 12-month low of $21.05 and a 12-month high of $53.01. The stock has a 50-day moving average of $38.63 and a 200-day moving average of $40.67. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.77 and a current ratio of 2.60.

Strattec Security (NASDAQ:STRT - Get Free Report) last posted its quarterly earnings results on Thursday, May 8th. The auto parts company reported $1.50 earnings per share for the quarter, topping the consensus estimate of $0.95 by $0.55. Strattec Security had a return on equity of 7.76% and a net margin of 2.92%. The business had revenue of $144.08 million during the quarter, compared to the consensus estimate of $140.84 million. As a group, research analysts anticipate that Strattec Security Co. will post 3.67 EPS for the current fiscal year.

Insider Activity

In other Strattec Security news, COO Rolando Guillot sold 3,500 shares of the stock in a transaction on Wednesday, February 26th. The stock was sold at an average price of $50.10, for a total value of $175,350.00. Following the sale, the chief operating officer now owns 36,443 shares in the company, valued at $1,825,794.30. This trade represents a 8.76% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 6.40% of the company's stock.

About Strattec Security

Strattec Security Corporation designs, develops, manufactures, and markets automotive access control products under the VAST Automotive Group brand primarily in North America. The company provides mechanical and electronically enhanced locks and keys, passive entry passive start systems, steering column and instrument panel ignition lock housings, latches, power sliding side door systems, power tailgate and lift gate systems, power deck lid systems, door handles, and related products.