Strattec Security (NASDAQ:STRT – Get Free Report) was downgraded by Zacks Research from a “hold” rating to a “strong sell” rating in a research report issued to clients and investors on Tuesday,Zacks.com reports.
Several other brokerages have also recently weighed in on STRT. Weiss Ratings restated a “buy (b)” rating on shares of Strattec Security in a research note on Friday, March 27th. Wall Street Zen cut Strattec Security from a “strong-buy” rating to a “buy” rating in a research note on Saturday, May 9th. Finally, Freedom Capital upgraded Strattec Security from a “hold” rating to a “strong-buy” rating in a research note on Monday. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy”.
View Our Latest Analysis on Strattec Security
Strattec Security Stock Down 0.5%
Strattec Security (NASDAQ:STRT – Get Free Report) last issued its quarterly earnings data on Thursday, May 7th. The auto parts company reported $0.90 earnings per share for the quarter, missing the consensus estimate of $1.14 by ($0.24). Strattec Security had a net margin of 4.31% and a return on equity of 11.00%. The company had revenue of $137.63 million for the quarter, compared to the consensus estimate of $140.35 million. On average, analysts expect that Strattec Security will post 6.12 EPS for the current year.
Institutional Investors Weigh In On Strattec Security
Several large investors have recently added to or reduced their stakes in STRT. Gabelli Funds LLC increased its holdings in Strattec Security by 342.6% in the 3rd quarter. Gabelli Funds LLC now owns 138,100 shares of the auto parts company’s stock worth $9,399,000 after acquiring an additional 106,900 shares during the last quarter. Jacobs Levy Equity Management Inc. purchased a new stake in Strattec Security in the 3rd quarter worth about $4,353,000. Millennium Management LLC increased its holdings in Strattec Security by 117.3% in the 3rd quarter. Millennium Management LLC now owns 112,312 shares of the auto parts company’s stock worth $7,644,000 after acquiring an additional 60,628 shares during the last quarter. Geode Capital Management LLC increased its holdings in Strattec Security by 110.2% in the 2nd quarter. Geode Capital Management LLC now owns 90,389 shares of the auto parts company’s stock worth $5,624,000 after acquiring an additional 47,389 shares during the last quarter. Finally, Invesco Ltd. purchased a new position in Strattec Security during the 2nd quarter valued at about $2,831,000. Hedge funds and other institutional investors own 68.91% of the company’s stock.
Key Strattec Security News
Here are the key news stories impacting Strattec Security this week:
- Positive Sentiment: Freedom Capital upgraded Strattec Security from “hold” to “strong-buy,” which can support investor confidence. Freedom Broker upgrades Strattec Security (STRT)
- Positive Sentiment: Strattec said a manufacturer is investing $2 million in its Glendale plant, a sign of ongoing operational support and potential long-term capacity benefits. Manufacturer invests $2M in Glendale plant as office search continues
- Neutral Sentiment: Sidoti left its FY2026 EPS estimate at $6.12, matching the latest consensus, suggesting no major change to the current-year outlook.
- Negative Sentiment: Sidoti cut FY2027 EPS estimates for Strattec Security to $4.85 from $6.27, signaling weaker expected earnings growth next year.
- Negative Sentiment: Sidoti also reduced Q1 2027 EPS to $1.31 from $1.58 and Q2 2027 EPS to $1.03 from $1.19, while trimming Q3 2027 EPS to $1.02 from $1.77 and Q4 2027 EPS to $1.49 from $1.72, reflecting a softer forward outlook.
- Negative Sentiment: Zacks reported STRT’s Q3 earnings missed estimates on lower volume and forex/tariff pressure, reinforcing concerns about demand and margin headwinds. STRT Q3 Earnings Miss Estimates on Lower Volume and Forex Drag
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.
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