Key Points
- Strattec VP Richard Messina sold 3,000 shares on November 17 at an average price of $66.35 for about $199,050, cutting his stake by 20.51% to 11,624 shares; the transaction was disclosed in an SEC filing.
- Strattec recently reported quarterly EPS of $2.22 (beating the $1.48 estimate) and revenue of $152.4M (vs. $144.87M), with analysts projecting full‑year EPS of about 3.67.
- The stock trades near $66.54 within a 52‑week range of $31.57–$83.00, carries a consensus rating of "Moderate Buy", and is ~68.9% owned by institutional investors.
Strattec Security Corporation (NASDAQ:STRT - Get Free Report) VP Richard Messina sold 3,000 shares of Strattec Security stock in a transaction dated Monday, November 17th. The shares were sold at an average price of $66.35, for a total value of $199,050.00. Following the transaction, the vice president owned 11,624 shares of the company's stock, valued at $771,252.40. The trade was a 20.51% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink.
Strattec Security Stock Performance
Strattec Security stock traded up $2.08 during midday trading on Thursday, hitting $66.54. 6,419 shares of the company were exchanged, compared to its average volume of 56,775. The business has a fifty day simple moving average of $67.44 and a two-hundred day simple moving average of $62.93. 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 capitalization of $278.45 million, a PE ratio of 14.56, a price-to-earnings-growth ratio of 1.55 and a beta of 1.51. Strattec Security Corporation has a fifty-two week low of $31.57 and a fifty-two week high of $83.00.
Strattec Security (NASDAQ:STRT - Get Free Report) last released its quarterly earnings data on Thursday, October 30th. The auto parts company reported $2.22 EPS for the quarter, topping the consensus estimate of $1.48 by $0.74. The business had revenue of $152.40 million for the quarter, compared to analyst estimates of $144.87 million. Strattec Security had a return on equity of 8.95% and a net margin of 3.31%. On average, sell-side analysts forecast that Strattec Security Corporation will post 3.67 earnings per share for the current year.
Analysts Set New Price Targets
A number of brokerages have recently issued reports on STRT. Weiss Ratings reiterated a "buy (b-)" rating on shares of Strattec Security in a research report on Wednesday, October 8th. Zacks Research raised shares of Strattec Security from a "strong sell" rating to a "hold" rating in a report on Friday, October 17th. Finally, Wall Street Zen raised 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 issued a Hold rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy".
Read Our Latest Analysis on Strattec Security
Institutional Trading of Strattec Security
Hedge funds and other institutional investors have recently modified their holdings of the stock. Jacobs Levy Equity Management Inc. purchased a new position in shares of Strattec Security during the 3rd quarter worth $4,353,000. NewEdge Advisors LLC lifted its position in Strattec Security by 3.8% in the third quarter. NewEdge Advisors LLC now owns 5,652 shares of the auto parts company's stock valued at $385,000 after buying an additional 207 shares during the last quarter. Triumph Capital Management purchased a new position in Strattec Security during the third quarter worth about $133,000. Qube Research & Technologies Ltd acquired a new stake in shares of Strattec Security during the third quarter valued at about $1,757,000. Finally, Public Employees Retirement System of Ohio purchased a new stake in shares of Strattec Security in the 3rd quarter valued at approximately $383,000. 68.91% of the stock is owned by institutional investors and hedge funds.
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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