Strattec Security (NASDAQ:STRT) Share Price Crosses Above 200 Day Moving Average – What’s Next?

Shares of Strattec Security Corporation (NASDAQ:STRT) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $70.15 and traded as high as $85.87. Strattec Security shares last traded at $85.73, with a volume of 50,370 shares.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the stock. Weiss Ratings reissued a “buy (b)” rating on shares of Strattec Security in a research report on Monday, December 29th. Zacks Research lowered shares of Strattec Security from a “strong-buy” rating to a “hold” rating in a research report on Friday, January 2nd. One analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy”.

Strattec Security Stock Up 5.5%

The company has a market capitalization of $359.21 million, a PE ratio of 14.99, a PEG ratio of 1.55 and a beta of 1.17. The business has a 50 day simple moving average of $75.91 and a 200 day simple moving average of $70.15.

Strattec Security (NASDAQ:STRT) last posted 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. Strattec Security had a net margin of 4.06% and a return on equity of 10.94%. The business had revenue of $152.40 million during the quarter, compared to the consensus estimate of $144.87 million. Equities analysts expect that Strattec Security Corporation will post 3.67 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, VP Richard P. Messina sold 3,000 shares of the firm’s stock in a transaction that occurred on Monday, November 17th. The shares were sold at an average price of $66.35, for a total transaction of $199,050.00. Following the sale, the vice president owned 11,624 shares of the company’s stock, valued at $771,252.40. This trade represents a 20.51% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 3.90% of the company’s stock.

Institutional Investors Weigh In On Strattec Security

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Ameritas Investment Partners Inc. acquired a new position in Strattec Security during the second quarter worth $25,000. Police & Firemen s Retirement System of New Jersey acquired a new position in shares of Strattec Security during the 2nd quarter worth about $50,000. Bank of America Corp DE lifted its stake in Strattec Security by 137.9% in the 4th quarter. Bank of America Corp DE now owns 2,208 shares of the auto parts company’s stock valued at $91,000 after buying an additional 1,280 shares in the last quarter. Raymond James Financial Inc. purchased a new position in Strattec Security in the 2nd quarter valued at about $92,000. Finally, New York State Common Retirement Fund acquired a new stake in Strattec Security in the 2nd quarter worth about $106,000. Hedge funds and other institutional investors own 68.91% of the company’s stock.

Strattec Security Company Profile

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.