Strattec Security Q2 Earnings Forecast Decreased by Sidoti

Strattec Security Corporation (NASDAQ:STRT) – Stock analysts at Sidoti lowered their Q2 2027 earnings per share (EPS) estimates for shares of Strattec Security in a research note issued to investors on Monday, November 2nd. Sidoti analyst J. Franzreb now expects that the auto parts company will post earnings per share of $0.72 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 released its earnings results on Thursday, October 29th. The auto parts company reported $1.85 earnings per share for the quarter, topping analysts’ consensus estimates of $1.47 by $0.38. The company had revenue of $147.20 million during the quarter, compared to the consensus estimate of $146.60 million. Strattec Security had a return on equity of 10.79% and a net margin of 3.56%.

Other research analysts have also issued research reports about the stock. Zacks Research lowered shares of Strattec Security from a “hold” rating to a “strong sell” rating in a research note on Tuesday, October 6th. Weiss Ratings downgraded shares of Strattec Security from a “buy (b)” rating to a “buy (b-)” rating in a research note on Monday. Finally, Freedom Broker lowered 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 report on Monday, August 31st. One research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $83.00.

Strattec Security Stock Up 1.3%

Shares of STRT stock opened at $63.55 on Tuesday. The stock has a 50-day moving average price of $67.06 and a 200 day moving average price of $76.92. The firm has a market cap of $252.93 million, a price-to-earnings ratio of 15.42, a PEG ratio of 1.50 and a beta of 1.23. Strattec Security has a 12 month low of $57.01 and a 12 month high of $93.00.

Institutional Trading of Strattec Security

A number of institutional investors and hedge funds have recently modified their holdings of STRT. BlackRock Inc. acquired a new position in shares of Strattec Security in the 2nd quarter valued at $26,464,000. Dimensional Fund Advisors LP raised its stake in Strattec Security by 3.6% during the 1st quarter. Dimensional Fund Advisors LP now owns 248,136 shares of the auto parts company’s stock worth $19,438,000 after buying an additional 8,542 shares during the period. Gabelli Funds LLC raised its stake 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 buying an additional 72,900 shares during the period. De Lisle Partners LLP acquired a new stake in Strattec Security during the 2nd quarter worth $3,494,000. Finally, Lazard Asset Management LLC raised its stake in Strattec Security by 16.4% during the 1st quarter. Lazard Asset Management LLC now owns 40,995 shares of the auto parts company’s stock worth $3,212,000 after buying an additional 5,769 shares during the period. 68.91% of the stock is owned by institutional investors.

Strattec Security Company Profile

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.