Strattec Security (NASDAQ:STRT) Share Price Crosses Above 200-Day Moving Average – Should You Sell?

Strattec Security Corporation (NASDAQ:STRT)’s stock price crossed above its 200-day moving average during trading on Monday . The stock has a 200-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 changing hands.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on STRT. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Strattec Security in a research note on Friday. Zacks Research raised Strattec Security from a “hold” rating to a “strong-buy” rating in a research note on Monday, February 9th. Freedom Capital cut Strattec Security from a “strong-buy” rating to a “hold” rating in a report on Wednesday, February 11th. Finally, Wall Street Zen upgraded Strattec Security from a “buy” rating to a “strong-buy” rating in a research note on Sunday, February 22nd. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Buy”.

Strattec Security Trading Down 2.7%

The firm has a market capitalization of $315.30 million, a P/E ratio of 11.43, a price-to-earnings-growth ratio of 1.24 and a beta of 1.18. The stock has a 50-day simple moving average of $82.89 and a two-hundred day simple moving average of $76.09.

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

Institutional Investors Weigh In On Strattec Security

A number of hedge funds have recently made changes to their positions in STRT. Vanguard Group Inc. raised its holdings in Strattec Security by 2.3% in the third quarter. Vanguard Group Inc. now owns 238,937 shares of the auto parts company’s stock worth $16,262,000 after purchasing an additional 5,280 shares in the last quarter. Gabelli Funds LLC boosted its holdings in shares of Strattec Security by 26.6% in the 4th quarter. Gabelli Funds LLC now owns 174,900 shares of the auto parts company’s stock valued at $13,317,000 after buying an additional 36,800 shares in the last quarter. Millennium Management LLC boosted its holdings in shares of Strattec Security by 117.3% in the 3rd quarter. Millennium Management LLC now owns 112,312 shares of the auto parts company’s stock valued at $7,644,000 after buying an additional 60,628 shares in the last quarter. Geode Capital Management LLC grew its position in shares of Strattec Security by 7.0% in the 4th quarter. Geode Capital Management LLC now owns 97,246 shares of the auto parts company’s stock worth $7,406,000 after buying an additional 6,403 shares during the last quarter. Finally, Jacobs Levy Equity Management Inc. raised its stake in shares of Strattec Security by 40.0% during the 4th quarter. Jacobs Levy Equity Management Inc. now owns 89,531 shares of the auto parts company’s stock worth $6,817,000 after acquiring an additional 25,572 shares in the last quarter. 68.91% of the stock is currently owned by hedge funds and other institutional investors.

Strattec Security Company Profile

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.