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

Strattec Security Corporation (NASDAQ:STRT) shares crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $76.09 and traded as high as $78.24. Strattec Security shares last traded at $75.43, with a volume of 72,506 shares traded.

Analysts Set New Price Targets

Several analysts have recently issued reports on the company. Weiss Ratings reiterated a “buy (b)” rating on shares of Strattec Security in a research note on Friday, March 27th. Freedom Capital lowered Strattec Security from a “strong-buy” rating to a “hold” rating in a report on Wednesday, February 11th. Zacks Research upgraded Strattec Security from a “hold” rating to a “strong-buy” rating in a research report on Monday, February 9th. Finally, Wall Street Zen raised Strattec Security from a “buy” rating to a “strong-buy” rating in a research note on Sunday, February 22nd. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Buy”.

Strattec Security Stock Up 1.6%

The firm has a market cap of $332.73 million, a P/E ratio of 12.06, a price-to-earnings-growth ratio of 1.25 and a beta of 1.25. The business’s 50 day moving average is $82.82 and its 200-day moving average is $76.19.

Strattec Security (NASDAQ:STRT) last posted its earnings results on Thursday, February 5th. The auto parts company reported $1.71 EPS for the quarter, beating the consensus estimate of $0.93 by $0.78. The company had revenue of $137.53 million during the quarter, compared to analyst estimates of $132.29 million. Strattec Security had a return on equity of 12.33% and a net margin of 4.63%. As a group, equities analysts predict that Strattec Security Corporation will post 3.67 earnings per share for the current year.

Institutional Trading of Strattec Security

Several large investors have recently made changes to their positions in the stock. Allspring Global Investments Holdings LLC grew its holdings in shares of Strattec Security by 36.0% during the third quarter. Allspring Global Investments Holdings LLC now owns 58,631 shares of the auto parts company’s stock worth $3,990,000 after purchasing an additional 15,509 shares during the last quarter. Pacer Advisors Inc. bought a new position in shares of Strattec Security during the third quarter valued at about $2,891,000. Gabelli Funds LLC boosted its position in Strattec Security by 342.6% in the third quarter. Gabelli Funds LLC now owns 138,100 shares of the auto parts company’s stock worth $9,399,000 after purchasing an additional 106,900 shares during the last quarter. Sierra Summit Advisors LLC bought a new position in shares of Strattec Security during the 3rd quarter valued at approximately $859,000. Finally, XTX Topco Ltd purchased a new stake in Strattec Security in the 2nd quarter worth about $461,000. 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.