Matthew Pauli Purchases 2,000 Shares of Strattec Security (NASDAQ:STRT) Stock

Strattec Security Corporation (NASDAQ:STRTGet Free Report) CFO Matthew Pauli acquired 2,000 shares of Strattec Security stock in a transaction dated Tuesday, May 12th. The shares were purchased at an average price of $62.53 per share, with a total value of $125,060.00. Following the acquisition, 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 ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link.

Strattec Security Stock Up 3.9%

Shares of NASDAQ:STRT opened at $66.91 on Friday. Strattec Security Corporation has a 12-month low of $47.23 and a 12-month high of $92.50. The stock has a market cap of $279.68 million, a PE ratio of 11.04, a P/E/G ratio of 1.05 and a beta of 1.17. The business has a 50 day moving average of $76.03 and a 200-day moving average of $77.65.

Strattec Security (NASDAQ:STRTGet Free Report) last issued its quarterly earnings data 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). Strattec Security had a return on equity of 11.00% and a net margin of 4.31%.The firm had revenue of $137.63 million for the quarter, compared to the consensus estimate of $140.35 million. Equities research analysts expect that Strattec Security Corporation will post 6.12 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the company. Freedom Capital upgraded Strattec Security from a “hold” rating to a “strong-buy” rating in a report on Monday, May 11th. Wall Street Zen cut Strattec Security from a “strong-buy” rating to a “buy” rating in a report on Saturday, May 9th. Zacks Research cut Strattec Security from a “hold” rating to a “strong sell” rating in a report on Tuesday. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Strattec Security in a report on Friday, March 27th. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy”.

Get Our Latest Research Report on Strattec Security

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of STRT. Bank of America Corp DE raised its stake in 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 purchasing an additional 1,280 shares in the last quarter. Goldman Sachs Group Inc. raised its stake in Strattec Security by 41.6% in the first quarter. Goldman Sachs Group Inc. now owns 22,548 shares of the auto parts company’s stock valued at $890,000 after purchasing an additional 6,624 shares in the last quarter. Empowered Funds LLC raised its stake in Strattec Security by 3.3% in the first quarter. Empowered Funds LLC now owns 17,221 shares of the auto parts company’s stock valued at $680,000 after purchasing an additional 555 shares in the last quarter. Jane Street Group LLC raised its stake in Strattec Security by 61.1% in the first quarter. Jane Street Group LLC now owns 15,869 shares of the auto parts company’s stock valued at $626,000 after purchasing an additional 6,019 shares in the last quarter. Finally, Geode Capital Management LLC raised its stake in Strattec Security by 110.2% in the second quarter. Geode Capital Management LLC now owns 90,389 shares of the auto parts company’s stock valued at $5,624,000 after purchasing an additional 47,389 shares in the last quarter. Institutional investors and hedge funds own 68.91% of the company’s stock.

About Strattec Security

(Get Free Report)

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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