Key Points
- Strattec Security CFO Matthew Pauli bought 2,000 shares of the company’s stock for about $125,060 at $62.53 per share, according to an SEC filing.
- The company’s shares were up 3.1% in Friday trading, opening at $64.40, though the stock remains below its 50-day and 200-day moving averages.
- Strattec recently reported weaker-than-expected quarterly results, with EPS of $0.90 missing estimates and revenue of $137.63 million falling short of forecasts, even as analysts still have a Moderate Buy consensus rating.
Strattec Security Corporation (NASDAQ:STRT - Get Free Report) CEO Jennifer Lynn Slater purchased 797 shares of the business's stock in a transaction on Tuesday, May 12th. The shares were purchased at an average cost of $62.71 per share, for a total transaction of $49,979.87. Following the transaction, the chief executive officer owned 57,123 shares of the company's stock, valued at $3,582,183.33. This trade represents a 1.41% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.
Jennifer Lynn Slater also recently made the following trade(s):
- On Wednesday, May 13th, Jennifer Lynn Slater acquired 801 shares of Strattec Security stock. The stock was purchased at an average cost of $62.46 per share, with a total value of $50,030.46.
Strattec Security Trading Up 3.1%
Shares of STRT opened at $64.40 on Friday. The company's 50 day simple moving average is $76.40 and its 200-day simple moving average is $77.73. The firm has a market cap of $269.19 million, a PE ratio of 10.63, a price-to-earnings-growth ratio of 1.02 and a beta of 1.17. Strattec Security Corporation has a 12-month low of $47.23 and a 12-month high of $92.50.
Strattec Security (NASDAQ:STRT - Get Free Report) last released its quarterly earnings results on Thursday, May 7th. The auto parts company reported $0.90 EPS for the quarter, missing the consensus estimate of $1.14 by ($0.24). The business had revenue of $137.63 million during the quarter, compared to analysts' expectations of $140.35 million. Strattec Security had a net margin of 4.31% and a return on equity of 11.00%. As a group, equities research analysts forecast that Strattec Security Corporation will post 6.12 EPS for the current fiscal year.
Hedge Funds Weigh In On Strattec Security
A number of large investors have recently bought and sold shares of the company. Gabelli Funds LLC increased its stake in shares of Strattec Security by 342.6% during the third quarter. Gabelli Funds LLC now owns 138,100 shares of the auto parts company's stock worth $9,399,000 after acquiring an additional 106,900 shares during the period. Sierra Summit Advisors LLC purchased a new position in Strattec Security during the third quarter worth about $859,000. Teton Advisors LLC acquired a new stake in Strattec Security in the third quarter valued at about $2,416,000. Principal Financial Group Inc. acquired a new stake in Strattec Security in the third quarter valued at about $428,000. Finally, WINTON GROUP Ltd purchased a new stake in Strattec Security in the 3rd quarter valued at approximately $775,000. Hedge funds and other institutional investors own 68.91% of the company's stock.
Analyst Upgrades and Downgrades
Several brokerages have recently weighed in on STRT. Weiss Ratings reiterated a "buy (b)" rating on shares of Strattec Security in a research note on Friday, March 27th. Freedom Capital upgraded Strattec Security from a "hold" rating to a "strong-buy" rating in a research report on Monday. Zacks Research downgraded Strattec Security from a "hold" rating to a "strong sell" rating in a research note on Tuesday. Finally, Wall Street Zen cut Strattec Security from a "strong-buy" rating to a "buy" rating in a research report on Saturday, May 9th. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy".
Check Out Our Latest Analysis on Strattec Security
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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