Strattec Security (NASDAQ:STRT) Stock Price Passes Above Two Hundred Day Moving Average - Time to Sell?

Key Points

• Strattec's stock briefly traded above its 200-day moving average (200-day MA $76.89), hitting an intraday high of $80.07, though shares last traded near $76.25.
• The company posted a strong quarterly earnings beat (EPS $1.71 vs. $0.93 estimate) with revenue of $137.5M, while valuation metrics show a market cap of $318.7M and a P/E of about 11.6.
• Analyst coverage is mixed with an average rating of "Hold" (one Buy, two Holds), and institutional ownership is high at ~68.9%, with Invesco markedly increasing its stake.

Strattec Security Corporation (NASDAQ:STRT - Get Free Report)'s stock price crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $76.89 and traded as high as $80.07. Strattec Security shares last traded at $76.25, with a volume of 81,771 shares.

Analyst Upgrades and Downgrades

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

Strattec Security Stock Performance

The stock has a fifty day simple moving average of $82.36 and a two-hundred day simple moving average of $76.89. The stock has a market cap of $318.73 million, a price-to-earnings ratio of 11.55, a P/E/G ratio of 1.27 and a beta of 1.25.

Strattec Security (NASDAQ:STRT - Get Free Report) last issued its quarterly earnings results on Thursday, February 5th. The auto parts company reported $1.71 earnings per share (EPS) for the quarter, beating the consensus estimate 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 analyst estimates of $132.29 million. Equities analysts expect that Strattec Security Corporation will post 3.67 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Strattec Security

Several hedge funds and other institutional investors have recently modified their holdings of the business. Invesco Ltd. increased its stake in shares of Strattec Security by 488.0% in the 4th quarter. Invesco Ltd. now owns 48,726 shares of the auto parts company's stock valued at $3,710,000 after purchasing an additional 40,439 shares during the last quarter. Mercer Global Advisors Inc. ADV bought a new position in shares of Strattec Security in the 4th quarter valued at $1,078,000. State of Tennessee Department of Treasury bought a new position in shares of Strattec Security in the 4th quarter valued at $410,000. NewEdge Advisors LLC lifted its stake in shares of Strattec Security by 12.2% in the 4th quarter. NewEdge Advisors LLC now owns 6,342 shares of the auto parts company's stock valued at $483,000 after acquiring an additional 690 shares during the last quarter. Finally, Empowered Funds LLC lifted its stake in shares of Strattec Security by 11.1% in the 4th quarter. Empowered Funds LLC now owns 23,093 shares of the auto parts company's stock valued at $1,758,000 after acquiring an additional 2,306 shares during the last quarter. Institutional investors own 68.91% of the company's stock.

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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