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

Strattec Security Corporation (NASDAQ:STRT) CFO Matthew Pauli purchased 2,000 shares of the firm’s stock in a transaction dated Tuesday, May 12th. The stock was purchased at an average cost of $62.53 per share, for a total transaction 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 position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Strattec Security Stock Up 3.1%

Shares of STRT stock traded up $1.95 on Thursday, reaching $64.40. The company’s stock had a trading volume of 106,693 shares, compared to its average volume of 74,117. The company has a market capitalization of $269.13 million, a P/E ratio of 10.63, a PEG ratio of 1.03 and a beta of 1.17. Strattec Security Corporation has a 12-month low of $47.23 and a 12-month high of $92.50. The stock’s 50 day simple moving average is $76.82 and its 200-day simple moving average is $77.75.

Strattec Security (NASDAQ:STRT) last announced its earnings results on Thursday, May 7th. The auto parts company reported $0.90 earnings per share 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 business had revenue of $137.63 million during the quarter, compared to the consensus estimate of $140.35 million. Research analysts expect that Strattec Security Corporation will post 6.12 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on STRT. Freedom Capital raised shares of Strattec Security from a “hold” rating to a “strong-buy” rating in a research note on Monday. Wall Street Zen lowered shares of Strattec Security from a “strong-buy” rating to a “buy” rating in a report on Saturday, May 9th. Zacks Research cut shares of Strattec Security from a “hold” rating to a “strong sell” rating in a research report on Tuesday. Finally, Weiss Ratings reaffirmed 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 given a Buy rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy”.

Hedge Funds Weigh In On Strattec Security

A number of large investors have recently modified their holdings of STRT. Gabelli Funds LLC lifted its position 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 buying an additional 106,900 shares during the last quarter. Jacobs Levy Equity Management Inc. bought a new position in Strattec Security during the third quarter valued at approximately $4,353,000. Millennium Management LLC grew its position in Strattec Security by 117.3% during the third quarter. Millennium Management LLC now owns 112,312 shares of the auto parts company’s stock valued at $7,644,000 after acquiring an additional 60,628 shares during the last quarter. Geode Capital Management LLC raised its stake in shares of Strattec Security by 110.2% during the second 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 in the last quarter. Finally, Invesco Ltd. purchased a new position in shares of Strattec Security during the second quarter worth approximately $2,831,000. 68.91% of the stock is owned by hedge funds and other institutional investors.

About Strattec Security

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.