Insider Buying: Strattec Security (NASDAQ:STRT) CFO Purchases $125,060.00 in Stock

Strattec Security Corporation (NASDAQ:STRT) CFO Matthew Pauli acquired 2,000 shares of the stock in a transaction on Tuesday, May 12th. The shares were purchased at an average price of $62.53 per share, for a total transaction of $125,060.00. Following the completion of the transaction, the chief financial officer owned 2,000 shares in the company, valued at approximately $125,060. This represents a ∞ increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website.

Strattec Security Stock Performance

NASDAQ STRT opened at $66.91 on Friday. Strattec Security Corporation has a twelve month low of $47.23 and a twelve month high of $92.50. The stock has a market cap of $279.62 million, a price-to-earnings ratio of 11.04, a PEG ratio of 1.09 and a beta of 1.17. The firm’s 50 day moving average price is $76.03 and its two-hundred day moving average price is $77.65.

Strattec Security (NASDAQ:STRT) last posted its quarterly earnings data on Thursday, May 7th. The auto parts company reported $0.90 earnings per share for the quarter, missing the consensus estimate of $1.14 by ($0.24). Strattec Security had a return on equity of 11.00% and a net margin of 4.31%.The firm had revenue of $137.63 million for the quarter, compared to analysts’ expectations of $140.35 million. On average, research analysts forecast that Strattec Security Corporation will post 6.12 EPS for the current fiscal year.

Institutional Investors Weigh In On Strattec Security

A number of institutional investors have recently modified their holdings of the stock. Bank of America Corp DE lifted its stake in shares of 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 purchasing an additional 1,280 shares during the last quarter. Goldman Sachs Group Inc. lifted its stake in shares of Strattec Security by 41.6% in the 1st quarter. Goldman Sachs Group Inc. now owns 22,548 shares of the auto parts company’s stock valued at $890,000 after purchasing an additional 6,624 shares during the last quarter. Empowered Funds LLC lifted its stake in shares of Strattec Security by 3.3% in the 1st quarter. Empowered Funds LLC now owns 17,221 shares of the auto parts company’s stock valued at $680,000 after purchasing an additional 555 shares during the last quarter. Jane Street Group LLC lifted its stake in shares of Strattec Security by 61.1% in the 1st quarter. Jane Street Group LLC now owns 15,869 shares of the auto parts company’s stock valued at $626,000 after purchasing an additional 6,019 shares during the last quarter. Finally, Geode Capital Management LLC lifted its stake in shares of Strattec Security by 110.2% in the 2nd quarter. Geode Capital Management LLC now owns 90,389 shares of the auto parts company’s stock valued at $5,624,000 after purchasing an additional 47,389 shares during the last quarter. Institutional investors and hedge funds own 68.91% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have issued reports on STRT shares. Zacks Research lowered shares of Strattec Security from a “hold” rating to a “strong sell” rating in a research note on Tuesday, May 12th. Weiss Ratings reissued a “buy (b)” rating on shares of Strattec Security in a research note on Friday, March 27th. Freedom Capital raised shares of Strattec Security from a “hold” rating to a “strong-buy” rating in a research note on Monday, May 11th. Finally, Wall Street Zen lowered shares of Strattec Security from a “buy” rating to a “hold” rating in a research note on Sunday. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, Strattec Security currently has an average rating of “Moderate Buy”.

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.