Strattec Security (NASDAQ:STRT) CFO Matthew Pauli Acquires 2,000 Shares

Strattec Security Corporation (NASDAQ:STRT) CFO Matthew Pauli acquired 2,000 shares of the stock in a transaction on Tuesday, May 12th. The stock was bought at an average cost of $62.53 per share, for a total transaction of $125,060.00. Following the transaction, the chief financial officer owned 2,000 shares of the company’s stock, valued at approximately $125,060. This trade represents a ∞ increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website.

Strattec Security Stock Performance

Shares of STRT stock opened at $64.40 on Friday. The firm has a market cap of $269.19 million, a price-to-earnings ratio of 10.63, a P/E/G ratio of 1.02 and a beta of 1.17. Strattec Security Corporation has a 52 week low of $47.23 and a 52 week high of $92.50. The firm’s 50-day simple moving average is $76.40 and its two-hundred day simple moving average is $77.73.

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

Analyst Upgrades and Downgrades

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

Institutional Trading of Strattec Security

Hedge funds and other institutional investors have recently modified their holdings of the business. Gabelli Funds LLC grew its stake in Strattec Security by 342.6% during the third quarter. Gabelli Funds LLC now owns 138,100 shares of the auto parts company’s stock valued at $9,399,000 after acquiring an additional 106,900 shares in the last quarter. Sierra Summit Advisors LLC purchased a new position in Strattec Security during the third quarter valued at approximately $859,000. Teton Advisors LLC purchased a new position in Strattec Security during the third quarter valued at approximately $2,416,000. Principal Financial Group Inc. purchased a new position in Strattec Security during the third quarter valued at approximately $428,000. Finally, WINTON GROUP Ltd purchased a new position in Strattec Security during the third quarter valued at approximately $775,000. Institutional investors own 68.91% of the company’s stock.

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.