FY2027 EPS Forecast for Strattec Security Lowered by Analyst

Strattec Security Corporation (NASDAQ:STRTFree Report) – Equities research analysts at Sidoti reduced their FY2027 earnings per share (EPS) estimates for Strattec Security in a research note issued to investors on Thursday, August 27th. Sidoti analyst J. Franzreb now anticipates that the auto parts company will earn $4.27 per share for the year, down from their previous forecast of $4.85. The consensus estimate for Strattec Security’s current full-year earnings is $4.27 per share. Sidoti also issued estimates for Strattec Security’s Q4 2027 earnings at $1.08 EPS and Q4 2028 earnings at $1.44 EPS.

Other analysts have also recently issued research reports about the stock. Weiss Ratings reissued a “buy (b)” rating on shares of Strattec Security in a research note on Wednesday, June 24th. Wall Street Zen lowered Strattec Security from a “buy” rating to a “hold” rating in a research report on Sunday, May 17th. Freedom Broker reaffirmed a “hold” rating and set a $83.00 target price (down from $89.00) on shares of Strattec Security in a report on Monday. Freedom Capital raised Strattec Security from a “hold” rating to a “strong-buy” rating in a report on Monday, May 11th. Finally, Zacks Research upgraded Strattec Security from a “strong sell” rating to a “hold” rating in a research report on Friday, July 10th. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $83.00.

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Strattec Security Stock Performance

Shares of NASDAQ STRT opened at $69.18 on Monday. The firm has a 50 day moving average price of $81.53 and a two-hundred day moving average price of $79.42. The stock has a market cap of $275.34 million, a P/E ratio of 13.84, a price-to-earnings-growth ratio of 1.64 and a beta of 1.17. Strattec Security has a 52-week low of $57.01 and a 52-week high of $93.00.

Strattec Security (NASDAQ:STRTGet Free Report) last posted its earnings results on Tuesday, August 25th. The auto parts company reported $2.06 EPS for the quarter, topping the consensus estimate of $1.36 by $0.70. Strattec Security had a net margin of 3.56% and a return on equity of 10.79%. The business had revenue of $151.83 million for the quarter, compared to the consensus estimate of $146.77 million.

Institutional Investors Weigh In On Strattec Security

Large investors have recently added to or reduced their stakes in the business. Gabelli Funds LLC boosted its holdings in shares of Strattec Security by 41.7% during the 1st quarter. Gabelli Funds LLC now owns 247,800 shares of the auto parts company’s stock worth $19,413,000 after buying an additional 72,900 shares in the last quarter. De Lisle Partners LLP bought a new stake in shares of Strattec Security in the 2nd quarter valued at $3,494,000. Connor Clark & Lunn Investment Management Ltd. bought a new stake in shares of Strattec Security in the 2nd quarter valued at $726,000. Dimensional Fund Advisors LP increased its stake in shares of Strattec Security by 3.6% in the 1st quarter. Dimensional Fund Advisors LP now owns 248,136 shares of the auto parts company’s stock valued at $19,438,000 after acquiring an additional 8,542 shares in the last quarter. Finally, Sei Investments Co. lifted its position in shares of Strattec Security by 100.0% during the 1st quarter. Sei Investments Co. now owns 17,682 shares of the auto parts company’s stock valued at $1,385,000 after acquiring an additional 8,841 shares during the period. Institutional investors and hedge funds own 68.91% of the company’s stock.

Strattec Security declared that its Board of Directors has initiated a stock buyback program on Thursday, May 28th that authorizes the company to buyback $40.00 million in outstanding shares. This buyback authorization authorizes the auto parts company to purchase up to 12.8% of its shares through open market purchases. Shares buyback programs are typically an indication that the company’s leadership believes its shares are undervalued.

About Strattec Security

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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.

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Earnings History and Estimates for Strattec Security (NASDAQ:STRT)

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