Strattec Security Corporation (NASDAQ:STRT - Get Free Report) shares passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $56.45 and traded as high as $69.61. Strattec Security shares last traded at $69.47, with a volume of 25,411 shares trading hands.
Analysts Set New Price Targets
A number of equities analysts have weighed in on the stock. Zacks Research lowered shares of Strattec Security from a "hold" rating to a "strong sell" rating in a report on Tuesday, August 19th. Weiss Ratings reiterated a "buy (b-)" rating on shares of Strattec Security in a report on Wednesday. Finally, Wall Street Zen upgraded shares of Strattec Security from a "buy" rating to a "strong-buy" rating in a report on Monday, September 1st. One investment analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Hold".
Check Out Our Latest Research Report on STRT
Strattec Security Price Performance
The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.89 and a current ratio of 2.43. The firm has a market cap of $289.00 million, a price-to-earnings ratio of 15.20, a price-to-earnings-growth ratio of 1.62 and a beta of 1.36. The company's fifty day moving average is $68.54 and its two-hundred day moving average is $56.45.
Strattec Security (NASDAQ:STRT - Get Free Report) last posted its earnings results on Thursday, August 14th. The auto parts company reported $2.06 earnings per share for the quarter, beating the consensus estimate of $1.07 by $0.99. The business had revenue of $152.01 million for the quarter, compared to analyst estimates of $143.51 million. Strattec Security had a net margin of 3.31% and a return on equity of 8.95%. Equities research analysts forecast that Strattec Security Corporation will post 3.67 EPS for the current year.
Insider Transactions at Strattec Security
In related news, COO Rolando Guillot sold 22,890 shares of Strattec Security stock in a transaction on Thursday, August 28th. The shares were sold at an average price of $65.86, for a total transaction of $1,507,535.40. Following the sale, the chief operating officer owned 5,541 shares of the company's stock, valued at $364,930.26. The trade was a 80.51% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 3.90% of the stock is owned by company insiders.
Institutional Investors Weigh In On Strattec Security
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Ameritas Investment Partners Inc. purchased a new stake in Strattec Security during the 2nd quarter worth $25,000. Police & Firemen s Retirement System of New Jersey purchased a new stake in Strattec Security during the 2nd quarter worth $50,000. Russell Investments Group Ltd. purchased a new stake in Strattec Security during the 1st quarter worth $91,000. Bank of America Corp DE increased its stake in Strattec Security by 137.9% during the 4th quarter. Bank of America Corp DE now owns 2,208 shares of the auto parts company's stock worth $91,000 after buying an additional 1,280 shares during the period. Finally, Raymond James Financial Inc. purchased a new stake in Strattec Security during the 2nd quarter worth $92,000. Hedge funds and other institutional investors own 68.91% of the company's stock.
Strattec Security Company Profile
(
Get Free Report)
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.
Further Reading
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