Strattec Security (NASDAQ:STRT) Stock Crosses Above 200 Day Moving Average - What's Next?

Strattec Security Corporation (NASDAQ:STRT - Get Free Report)'s stock price crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $77.25 and traded as high as $80.99. Strattec Security shares last traded at $79.77, with a volume of 141,842 shares changing hands.

Analysts Set New Price Targets

A number of research firms recently weighed in on STRT. Wall Street Zen raised shares of Strattec Security from a "buy" rating to a "strong-buy" rating in a research report on Sunday, February 22nd. Weiss Ratings reaffirmed a "buy (b)" rating on shares of Strattec Security in a research note on Friday, March 27th. Freedom Capital downgraded Strattec Security from a "strong-buy" rating to a "hold" rating in a report on Wednesday, February 11th. Finally, Zacks Research lowered Strattec Security from a "strong-buy" rating to a "hold" rating in a research note on Friday, April 10th. One equities research analyst has rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of "Hold".

Strattec Security Trading Up 2.5%

The stock has a market capitalization of $333.44 million, a P/E ratio of 12.09, a price-to-earnings-growth ratio of 1.25 and a beta of 1.25. The company has a 50-day moving average price of $81.22 and a 200 day moving average price of $77.25.

Strattec Security (NASDAQ:STRT - Get Free Report) last issued its quarterly earnings data on Thursday, February 5th. The auto parts company reported $1.71 earnings per share for the quarter, beating analysts' consensus estimates of $0.93 by $0.78. Strattec Security had a return on equity of 12.33% and a net margin of 4.63%.The company had revenue of $137.53 million for the quarter, compared to the consensus estimate of $132.29 million. As a group, research analysts expect that Strattec Security Corporation will post 6.25 earnings per share for the current year.

Institutional Investors Weigh In On Strattec Security

Institutional investors have recently bought and sold shares of the company. Vanguard Group Inc. grew its stake in Strattec Security by 2.3% during the 3rd quarter. Vanguard Group Inc. now owns 238,937 shares of the auto parts company's stock worth $16,262,000 after buying an additional 5,280 shares during the last quarter. Gabelli Funds LLC raised its stake in Strattec Security by 26.6% in the fourth quarter. Gabelli Funds LLC now owns 174,900 shares of the auto parts company's stock valued at $13,317,000 after buying an additional 36,800 shares during the last quarter. Millennium Management LLC raised its stake in Strattec Security by 117.3% in the third quarter. Millennium Management LLC now owns 112,312 shares of the auto parts company's stock valued at $7,644,000 after buying an additional 60,628 shares during the last quarter. Geode Capital Management LLC boosted its holdings in Strattec Security by 7.0% in the fourth 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 in the last quarter. Finally, Jacobs Levy Equity Management Inc. boosted its holdings in Strattec Security by 40.0% in the fourth 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 in the last quarter. 68.91% of the stock is currently 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.

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