Q2 Earnings Forecast for Strattec Security Issued By Sidoti

Strattec Security Corporation (NASDAQ:STRT) – Equities researchers at Sidoti decreased their Q2 2027 earnings per share (EPS) estimates for shares of Strattec Security in a report released on Monday, November 2nd. Sidoti analyst J. Franzreb now expects that the auto parts company will earn $0.72 per share for the quarter, down from their prior estimate of $0.87. The consensus estimate for Strattec Security’s current full-year earnings is $4.27 per share. Sidoti also issued estimates for Strattec Security’s Q3 2027 earnings at $0.78 EPS, Q4 2027 earnings at $1.11 EPS, FY2027 earnings at $4.47 EPS, Q1 2028 earnings at $1.37 EPS, Q2 2028 earnings at $1.00 EPS, Q3 2028 earnings at $1.13 EPS, Q4 2028 earnings at $1.37 EPS and FY2028 earnings at $4.87 EPS.

Strattec Security (NASDAQ:STRT) last announced its earnings results on Thursday, October 29th. The auto parts company reported $1.85 EPS for the quarter, topping the consensus estimate of $1.47 by $0.38. Strattec Security had a net margin of 3.56% and a return on equity of 10.79%. The firm had revenue of $147.20 million for the quarter, compared to the consensus estimate of $146.60 million.

STRT has been the topic of a number of other reports. Weiss Ratings lowered shares of Strattec Security from a “buy (b)” rating to a “buy (b-)” rating in a report on Monday. Freedom Broker cut shares of Strattec Security from a “buy” rating to a “hold” rating and cut their price objective for the company from $89.00 to $83.00 in a research report on Monday, August 31st. Finally, Zacks Research lowered shares of Strattec Security from a “hold” rating to a “strong sell” rating in a research note on Tuesday, October 6th. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $83.00.

Strattec Security Stock Up 1.3%

Strattec Security stock opened at $63.55 on Tuesday. The stock has a market capitalization of $252.93 million, a PE ratio of 15.42, a price-to-earnings-growth ratio of 1.50 and a beta of 1.23. Strattec Security has a twelve month low of $57.01 and a twelve month high of $93.00. The company has a 50 day moving average of $67.06 and a 200-day moving average of $76.92.

Institutional Investors Weigh In On Strattec Security

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. BlackRock Inc. acquired a new stake in Strattec Security in the 2nd quarter valued at approximately $26,464,000. Gabelli Funds LLC boosted its position in Strattec Security by 41.7% during the 1st quarter. Gabelli Funds LLC now owns 247,800 shares of the auto parts company’s stock worth $19,413,000 after acquiring an additional 72,900 shares during the last quarter. De Lisle Partners LLP acquired a new position in Strattec Security during the 2nd quarter worth approximately $3,494,000. Empowered Funds LLC acquired a new position in Strattec Security during the 2nd quarter worth approximately $2,175,000. Finally, Bank of New York Mellon Corp bought a new position in shares of Strattec Security during the 2nd quarter worth approximately $1,990,000. Institutional investors and hedge funds own 68.91% of the company’s stock.

About Strattec Security

Strattec Security Corporation (NASDAQ: STRT) designs and manufactures automotive access, security and vehicle-control products. Its offerings include mechanical and electronic locks, latches, keys, ignition systems, power-liftgate and sliding-door systems, actuators, and related security components used in passenger vehicles and commercial vehicles.

The company supplies automotive original equipment manufacturers and other transportation-industry customers. Its products are developed for applications such as vehicle entry, theft deterrence, body access and electronic control, and are produced and supported through operations in North America and other international locations.

Strattec traces its history to the early automotive components industry and became an independent publicly traded company after being spun off from Briggs & Stratton Corporation in 1995.