Strattec Security (NASDAQ:STRT) Shares Cross Above Two Hundred Day Moving Average – Here’s Why

Shares of Strattec Security Corporation (NASDAQ:STRT) passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $66.84 and traded as high as $82.16. Strattec Security shares last traded at $79.93, with a volume of 42,048 shares changing hands.

Analyst Ratings Changes

Several analysts have recently issued reports on STRT shares. Wall Street Zen upgraded Strattec Security from a “buy” rating to a “strong-buy” rating in a research note on Monday, September 1st. Weiss Ratings restated a “buy (b-)” rating on shares of Strattec Security in a report on Wednesday, October 8th. Finally, Zacks Research upgraded Strattec Security from a “strong sell” rating to a “hold” rating in a research note on Friday, October 17th. One investment analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy”.

Strattec Security Stock Performance

The firm has a market capitalization of $332.10 million, a price-to-earnings ratio of 13.86, a PEG ratio of 1.50 and a beta of 1.18. The company has a 50-day moving average price of $70.54 and a 200-day moving average price of $67.09.

Strattec Security (NASDAQ:STRT) last posted its earnings results on Thursday, October 30th. The auto parts company reported $2.22 earnings per share for the quarter, topping the consensus estimate of $1.48 by $0.74. Strattec Security had a return on equity of 10.94% and a net margin of 4.06%.The firm had revenue of $152.40 million during the quarter, compared to analysts’ expectations of $144.87 million. On average, research analysts expect that Strattec Security Corporation will post 3.67 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Strattec Security news, VP Richard P. Messina sold 3,000 shares of the company’s stock in a transaction on Monday, November 17th. The shares were sold at an average price of $66.35, for a total value of $199,050.00. Following the completion of the transaction, the vice president owned 11,624 shares in the company, valued at $771,252.40. This represents a 20.51% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 3.90% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in STRT. American Century Companies Inc. grew its holdings in shares of Strattec Security by 217.1% during the first quarter. American Century Companies Inc. now owns 43,088 shares of the auto parts company’s stock worth $1,700,000 after buying an additional 29,498 shares during the last quarter. Goldman Sachs Group Inc. raised its stake in Strattec Security by 41.6% during the 1st quarter. Goldman Sachs Group Inc. now owns 22,548 shares of the auto parts company’s stock valued at $890,000 after acquiring an additional 6,624 shares during the last quarter. Baird Financial Group Inc. lifted its position in Strattec Security by 45.9% during the 1st quarter. Baird Financial Group Inc. now owns 14,298 shares of the auto parts company’s stock worth $564,000 after acquiring an additional 4,498 shares during the period. Walleye Capital LLC purchased a new position in shares of Strattec Security in the 1st quarter valued at approximately $245,000. Finally, Bailard Inc. purchased a new position in shares of Strattec Security in the 2nd quarter valued at approximately $370,000. Institutional investors and hedge funds own 68.91% of the company’s stock.

About Strattec Security

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.