Strattec Security (NASDAQ:STRT - Get Free Report) issued its earnings results on Thursday. The auto parts company reported $0.90 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.22 by ($0.32), Zacks reports. The firm had revenue of $137.63 million during the quarter, compared to the consensus estimate of $140.35 million. Strattec Security had a return on equity of 12.33% and a net margin of 4.63%.
Strattec Security Price Performance
Shares of Strattec Security stock traded down $12.11 during trading hours on Friday, hitting $62.45. 232,692 shares of the company's stock traded hands, compared to its average volume of 71,027. Strattec Security has a 12-month low of $37.50 and a 12-month high of $92.50. The stock has a market capitalization of $261.04 million, a price-to-earnings ratio of 9.46, a PEG ratio of 1.21 and a beta of 1.17. The company has a fifty day simple moving average of $78.92 and a 200-day simple moving average of $77.87.
Analyst Ratings Changes
A number of research firms recently commented on STRT. Weiss Ratings reissued a "buy (b)" rating on shares of Strattec Security in a research report on Friday, March 27th. Freedom Capital lowered Strattec Security from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, February 11th. Wall Street Zen raised Strattec Security from a "buy" rating to a "strong-buy" rating in a research report on Sunday, February 22nd. Finally, Zacks Research lowered Strattec Security from a "strong-buy" rating to a "hold" rating in a research report on Friday, April 10th. One equities research analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Hold".
View Our Latest Report on Strattec Security
Institutional Investors Weigh In On Strattec Security
Several large investors have recently made changes to their positions in the business. Vanguard Group Inc. increased its position in shares of Strattec Security by 2.3% during the 3rd quarter. Vanguard Group Inc. now owns 238,937 shares of the auto parts company's stock valued at $16,262,000 after purchasing an additional 5,280 shares during the last quarter. Millennium Management LLC increased its holdings in Strattec Security by 117.3% in the 3rd quarter. Millennium Management LLC now owns 112,312 shares of the auto parts company's stock worth $7,644,000 after acquiring an additional 60,628 shares during the last quarter. Geode Capital Management LLC increased its holdings in Strattec Security by 7.0% in the 4th quarter. Geode Capital Management LLC now owns 97,246 shares of the auto parts company's stock worth $7,406,000 after acquiring an additional 6,403 shares during the last quarter. Jacobs Levy Equity Management Inc. increased its holdings in Strattec Security by 40.0% in the 4th quarter. Jacobs Levy Equity Management Inc. now owns 89,531 shares of the auto parts company's stock worth $6,817,000 after acquiring an additional 25,572 shares during the last quarter. Finally, Bridgeway Capital Management LLC increased its holdings in Strattec Security by 84.4% in the 3rd quarter. Bridgeway Capital Management LLC now owns 78,599 shares of the auto parts company's stock worth $5,349,000 after acquiring an additional 35,986 shares during the last quarter. 68.91% of the stock is owned by hedge funds and other institutional investors.
About Strattec Security
(
Get Free Report)
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.
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