Strattec Security (NASDAQ:STRT) Director Frederic Jack Liebau Jr Buys 1,000 Shares

Strattec Security Corporation (NASDAQ:STRT) Director Frederic Jack Liebau, Jr. purchased 1,000 shares of the stock in a transaction that occurred on Tuesday, May 12th. The stock was bought at an average price of $61.37 per share, with a total value of $61,370.00. Following the completion of the transaction, the director owned 7,748 shares of the company’s stock, valued at $475,494.76. The trade was a 14.82% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Strattec Security Trading Up 3.1%

Shares of STRT traded up $1.95 during trading hours on Thursday, reaching $64.40. 106,593 shares of the company traded hands, compared to its average volume of 74,114. The firm has a market cap of $269.13 million, a price-to-earnings ratio of 10.63, a PEG ratio of 1.03 and a beta of 1.17. Strattec Security Corporation has a 12-month low of $47.23 and a 12-month high of $92.50. The stock’s fifty day moving average price is $76.82 and its 200 day moving average price is $77.75.

Strattec Security (NASDAQ:STRT) last issued its earnings results on Thursday, May 7th. The auto parts company reported $0.90 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.14 by ($0.24). The company had revenue of $137.63 million for the quarter, compared to analysts’ expectations of $140.35 million. Strattec Security had a net margin of 4.31% and a return on equity of 11.00%. On average, research analysts forecast that Strattec Security Corporation will post 6.12 earnings per share for the current year.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on STRT. Freedom Capital raised shares of Strattec Security from a “hold” rating to a “strong-buy” rating in a research note on Monday. Zacks Research lowered shares of Strattec Security from a “hold” rating to a “strong sell” rating in a research note on Tuesday. Wall Street Zen lowered shares of Strattec Security from a “strong-buy” rating to a “buy” rating in a research note on Saturday, May 9th. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of Strattec Security in a research note on Friday, March 27th. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy”.

Institutional Trading of Strattec Security

Several institutional investors and hedge funds have recently made changes to their positions in STRT. New York State Teachers Retirement System bought a new stake in shares of Strattec Security in the fourth quarter valued at about $27,000. State of Alaska Department of Revenue bought a new stake in shares of Strattec Security in the fourth quarter valued at about $58,000. Bank of America Corp DE raised its holdings 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 valued at $91,000 after acquiring an additional 1,280 shares in the last quarter. Raymond James Financial Inc. bought a new stake in shares of Strattec Security in the second quarter valued at about $92,000. Finally, New York State Common Retirement Fund bought a new stake in shares of Strattec Security in the second quarter valued at about $106,000. 68.91% of the stock is currently owned by 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.