Strattec Security (NASDAQ:STRT) Stock Crosses Above Two Hundred Day Moving Average – What’s Next?

Strattec Security Corporation (NASDAQ:STRT)’s share price crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $76.43 and traded as high as $76.79. Strattec Security shares last traded at $76.25, with a volume of 131,696 shares changing hands.

Wall Street Analyst Weigh In

Several equities analysts have commented on the stock. Wall Street Zen raised shares of Strattec Security from a “buy” rating to a “strong-buy” rating in a research note on Sunday, February 22nd. Freedom Capital cut shares of Strattec Security from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, February 11th. Weiss Ratings reissued a “buy (b)” rating on shares of Strattec Security in a research note on Friday, March 27th. Finally, Zacks Research raised shares of Strattec Security from a “hold” rating to a “strong-buy” rating in a research note on Monday, February 9th. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Buy”.

Strattec Security Stock Up 0.4%

The firm’s 50-day moving average price is $82.58 and its two-hundred day moving average price is $76.43. The firm has a market capitalization of $318.73 million, a PE ratio of 11.55, a P/E/G ratio of 1.25 and a beta of 1.25.

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

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in STRT. Bank of America Corp DE increased its position in shares of Strattec Security by 137.9% in the fourth quarter. Bank of America Corp DE now owns 2,208 shares of the auto parts company’s stock worth $91,000 after acquiring an additional 1,280 shares in the last quarter. Goldman Sachs Group Inc. increased its position in shares of Strattec Security by 41.6% in the first quarter. Goldman Sachs Group Inc. now owns 22,548 shares of the auto parts company’s stock worth $890,000 after acquiring an additional 6,624 shares in the last quarter. Empowered Funds LLC increased its position in shares of Strattec Security by 3.3% in the first quarter. Empowered Funds LLC now owns 17,221 shares of the auto parts company’s stock worth $680,000 after acquiring an additional 555 shares in the last quarter. Jane Street Group LLC increased its position in shares of Strattec Security by 61.1% in the first quarter. Jane Street Group LLC now owns 15,869 shares of the auto parts company’s stock worth $626,000 after acquiring an additional 6,019 shares in the last quarter. Finally, Geode Capital Management LLC increased its position in shares of Strattec Security by 110.2% in the second quarter. Geode Capital Management LLC now owns 90,389 shares of the auto parts company’s stock worth $5,624,000 after acquiring an additional 47,389 shares in the last quarter. 68.91% of the stock is owned by hedge funds and other institutional investors.

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.