Strattec Security (NASDAQ:STRT) Releases Earnings Results, Beats Expectations By $2.01 EPS

Strattec Security (NASDAQ:STRT) issued its quarterly earnings results on Thursday. The auto parts company reported $2.39 EPS for the quarter, beating the consensus estimate of $0.38 by $2.01, Zacks reports. The firm had revenue of $143.06 million during the quarter, compared to analysts’ expectations of $141.51 million. Strattec Security had a return on equity of 4.02% and a net margin of 0.76%.

Strattec Security Stock Performance

NASDAQ:STRT traded up $6.20 during mid-day trading on Friday, hitting $30.00. The stock had a trading volume of 87,459 shares, compared to its average volume of 11,586. The company’s 50 day simple moving average is $25.32 and its 200 day simple moving average is $24.68. The stock has a market cap of $122.04 million, a price-to-earnings ratio of 30.30, a PEG ratio of 1.60 and a beta of 1.11. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.51 and a current ratio of 2.24. Strattec Security has a twelve month low of $20.87 and a twelve month high of $30.34.

Insider Buying and Selling at Strattec Security

In related news, major shareholder Gate City Capital Management, acquired 7,057 shares of the firm’s stock in a transaction on Tuesday, May 21st. The shares were purchased at an average cost of $24.60 per share, for a total transaction of $173,602.20. Following the completion of the acquisition, the insider now directly owns 412,341 shares in the company, valued at $10,143,588.60. The purchase was disclosed in a filing with the SEC, which is available at this link. Corporate insiders own 6.93% of the company’s stock.

Wall Street Analyst Weigh In

Separately, StockNews.com cut shares of Strattec Security from a “strong-buy” rating to a “buy” rating in a research note on Friday, August 2nd.

Strattec Security Company Profile

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.