Strattec Security (NASDAQ:STRT) Share Price Passes Above 200 Day Moving Average of $27.04

Shares of Strattec Security Co. (NASDAQ:STRT) passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $27.04 and traded as high as $39.00. Strattec Security shares last traded at $38.63, with a volume of 10,741 shares changing hands.

Wall Street Analyst Weigh In

Separately, StockNews.com downgraded Strattec Security from a “strong-buy” rating to a “buy” rating in a research report on Friday, August 2nd.

Strattec Security Stock Up 1.2 %

The stock has a market cap of $158.38 million, a price-to-earnings ratio of 39.02, a P/E/G ratio of 1.82 and a beta of 1.13. The company has a current ratio of 2.15, a quick ratio of 1.46 and a debt-to-equity ratio of 0.06. The firm’s 50 day moving average is $32.01 and its two-hundred day moving average is $27.04.

Strattec Security (NASDAQ:STRT) last released its earnings results on Thursday, August 8th. The auto parts company reported $2.39 EPS for the quarter, topping the consensus estimate of $0.38 by $2.01. Strattec Security had a net margin of 3.03% and a return on equity of 7.43%. The firm had revenue of $143.06 million during the quarter, compared to analysts’ expectations of $141.51 million. On average, sell-side analysts predict that Strattec Security Co. will post 1.98 EPS for the current year.

Insider Activity

In related news, VP Richard P. Messina sold 1,270 shares of the business’s stock in a transaction that occurred on Friday, August 16th. The shares were sold at an average price of $38.78, for a total value of $49,250.60. Following the completion of the sale, the vice president now directly owns 11,930 shares in the company, valued at $462,645.40. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Corporate insiders own 6.93% of the company’s stock.

Institutional Investors Weigh In On Strattec Security

Several institutional investors have recently bought and sold shares of the business. Renaissance Technologies LLC lifted its holdings in shares of Strattec Security by 11.1% during the 2nd quarter. Renaissance Technologies LLC now owns 85,106 shares of the auto parts company’s stock valued at $2,128,000 after acquiring an additional 8,500 shares in the last quarter. Perritt Capital Management Inc grew its stake in shares of Strattec Security by 47.0% in the second quarter. Perritt Capital Management Inc now owns 10,102 shares of the auto parts company’s stock valued at $253,000 after buying an additional 3,229 shares in the last quarter. Acuitas Investments LLC purchased a new stake in shares of Strattec Security during the 2nd quarter valued at about $925,000. Gabelli Funds LLC lifted its position in Strattec Security by 9.2% during the 1st quarter. Gabelli Funds LLC now owns 36,800 shares of the auto parts company’s stock worth $873,000 after acquiring an additional 3,100 shares in the last quarter. Finally, Gamco Investors INC. ET AL boosted its holdings in Strattec Security by 2.2% in the 1st quarter. Gamco Investors INC. ET AL now owns 749,115 shares of the auto parts company’s stock worth $17,776,000 after acquiring an additional 16,225 shares during the period. 68.91% of the stock is currently owned by hedge funds and other institutional investors.

Strattec Security Company Profile

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.