Strattec Security Corporation (NASDAQ:STRT - Get Free Report) passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $80.13 and traded as high as $82.60. Strattec Security shares last traded at $80.56, with a volume of 57,279 shares trading hands.
Analyst Upgrades and Downgrades
Several research analysts have commented on STRT shares. Freedom Capital upgraded Strattec Security from a "hold" rating to a "strong-buy" rating in a report on Monday, May 11th. Wall Street Zen cut Strattec Security from a "buy" rating to a "hold" rating in a report on Sunday, May 17th. Weiss Ratings reissued a "buy (b)" rating on shares of Strattec Security in a research report on Wednesday, June 24th. Finally, Zacks Research upgraded Strattec Security from a "strong sell" rating to a "hold" rating in a research note on Friday, July 10th. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, Strattec Security has a consensus rating of "Buy".
View Our Latest Stock Analysis on STRT
Strattec Security Trading Down 1.5%
The firm's 50-day moving average price is $82.26 and its two-hundred day moving average price is $80.13. The stock has a market cap of $336.74 million, a PE ratio of 13.29, a PEG ratio of 1.69 and a beta of 1.18.
Strattec Security declared that its Board of Directors has approved a share repurchase program on Thursday, May 28th that allows the company to repurchase $40.00 million in shares. This repurchase authorization allows the auto parts company to reacquire up to 12.8% of its shares through open market purchases. Shares repurchase programs are typically a sign that the company's leadership believes its stock is undervalued.
Institutional Trading of Strattec Security
Hedge funds and other institutional investors have recently bought and sold shares of the stock. WINTON GROUP Ltd increased its holdings in shares of Strattec Security by 1.1% in the 4th quarter. WINTON GROUP Ltd now owns 11,507 shares of the auto parts company's stock valued at $876,000 after acquiring an additional 122 shares during the period. Deutsche Bank AG lifted its stake in shares of Strattec Security by 6.3% during the 4th quarter. Deutsche Bank AG now owns 2,907 shares of the auto parts company's stock worth $221,000 after purchasing an additional 172 shares during the last quarter. Bailard Inc. lifted its stake in shares of Strattec Security by 5.0% during the 4th quarter. Bailard Inc. now owns 4,200 shares of the auto parts company's stock worth $320,000 after purchasing an additional 200 shares during the last quarter. NewEdge Advisors LLC boosted its position in Strattec Security by 3.8% during the third 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 in the last quarter. Finally, New York State Teachers Retirement System bought a new stake in Strattec Security during the fourth quarter valued at about $27,000. Institutional investors own 68.91% of the company's stock.
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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