Strattec Security (NASDAQ:STRT) Stock Rating Upgraded by Freedom Broker

Strattec Security (NASDAQ:STRT) was upgraded by investment analysts at Freedom Broker from a “hold” rating to a “buy” rating in a report released on Tuesday, Benzinga reports. The brokerage presently has a $79.00 price target on the auto parts company’s stock, down from their prior price target of $83.00. Freedom Broker‘s target price suggests a potential upside of 24.31% from the company’s current price.

A number of other brokerages also recently issued reports on STRT. Zacks Research downgraded Strattec Security from a “hold” rating to a “strong sell” rating in a research report on Tuesday, October 6th. Weiss Ratings cut Strattec Security from a “buy (b)” rating to a “buy (b-)” rating in a report on Monday. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $79.00.

Strattec Security Trading Up 1.3%

Strattec Security stock opened at $63.55 on Tuesday. Strattec Security has a 1-year low of $57.01 and a 1-year high of $93.00. The firm has a market capitalization of $252.93 million, a price-to-earnings ratio of 15.42, a P/E/G ratio of 1.50 and a beta of 1.23. The firm has a 50 day simple moving average of $67.06 and a 200 day simple moving average of $76.92.

Strattec Security (NASDAQ:STRT) last issued its earnings results on Thursday, October 29th. The auto parts company reported $1.85 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.47 by $0.38. The business had revenue of $147.20 million for the quarter, compared to analysts’ expectations of $146.60 million. Strattec Security had a net margin of 3.56% and a return on equity of 10.79%. On average, equities research analysts forecast that Strattec Security will post 4.27 EPS for the current year.

Institutional Investors Weigh In On Strattec Security

Large investors have recently added to or reduced their stakes in the company. Bank of New York Mellon Corp bought a new position in shares of Strattec Security in the second quarter worth approximately $1,990,000. Empowered Funds LLC bought a new stake in shares of Strattec Security in the second quarter worth approximately $2,175,000. BlackRock Inc. bought a new stake in shares of Strattec Security in the second quarter worth approximately $26,464,000. Gabelli Funds LLC raised its holdings in shares of Strattec Security by 41.7% during the first quarter. Gabelli Funds LLC now owns 247,800 shares of the auto parts company’s stock valued at $19,413,000 after purchasing an additional 72,900 shares during the last quarter. Finally, De Lisle Partners LLP purchased a new position in shares of Strattec Security during the second quarter valued at approximately $3,494,000. Institutional investors own 68.91% of the company’s stock.

Strattec Security News Summary

Here are the key news stories impacting Strattec Security this week:

• Positive Sentiment: Sidoti raised its FY2027 EPS forecast to $4.47 from $4.27 and increased its Q4 2027 estimate to $1.11 from $1.08. The firm also modestly lifted its Q3 2028 forecast to $1.13 from $1.12. Strattec Security analyst estimates
• Neutral Sentiment: Sidoti’s updated FY2028 EPS estimate is $4.87, still indicating earnings growth from the projected FY2027 level of $4.47, but below the firm’s previous $5.05 forecast. The changes point to an uneven earnings trajectory rather than a broad change in the company’s long-term outlook.
• Negative Sentiment: Sidoti cut its Q2 2027 EPS estimate to $0.72 from $0.87, Q3 2027 to $0.78 from $0.94, Q1 2028 to $1.37 from $1.44, and Q2 2028 to $1.00 from $1.04. These reductions may pressure sentiment because they imply weaker profitability in several upcoming reporting periods.

About Strattec Security

Strattec Security Corporation (NASDAQ: STRT) designs and manufactures automotive access, security and vehicle-control products. Its offerings include mechanical and electronic locks, latches, keys, ignition systems, power-liftgate and sliding-door systems, actuators, and related security components used in passenger vehicles and commercial vehicles.

The company supplies automotive original equipment manufacturers and other transportation-industry customers. Its products are developed for applications such as vehicle entry, theft deterrence, body access and electronic control, and are produced and supported through operations in North America and other international locations.

Strattec traces its history to the early automotive components industry and became an independent publicly traded company after being spun off from Briggs & Stratton Corporation in 1995.