Strattec Security (NASDAQ:STRT) Share Price Crosses Above 200 Day Moving Average – Time to Sell?

Strattec Security Corporation (NASDAQ:STRT)’s share price crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $78.51 and traded as high as $80.12. Strattec Security shares last traded at $79.71, with a volume of 69,818 shares changing hands.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on STRT. Weiss Ratings restated a “buy (b)” rating on shares of Strattec Security in a report on Friday, March 27th. Wall Street Zen downgraded shares of Strattec Security from a “buy” rating to a “hold” rating in a report on Sunday, May 17th. Zacks Research downgraded shares of Strattec Security from a “hold” rating to a “strong sell” rating in a report on Tuesday, May 12th. Finally, Freedom Capital upgraded shares of Strattec Security from a “hold” rating to a “strong-buy” rating in a report on Monday, May 11th. 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. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy”.

Strattec Security Trading Down 3.0%

The stock has a market cap of $323.16 million, a P/E ratio of 12.76, a P/E/G ratio of 1.30 and a beta of 1.17. The firm’s fifty day moving average is $75.22 and its 200 day moving average is $78.50.

Strattec Security (NASDAQ:STRT) last announced its earnings results on Thursday, May 7th. The auto parts company reported $0.90 EPS for the quarter, missing the consensus estimate of $1.14 by ($0.24). The firm had revenue of $137.63 million during the quarter, compared to the consensus estimate of $140.35 million. Strattec Security had a return on equity of 11.00% and a net margin of 4.31%. Research analysts forecast that Strattec Security Corporation will post 6.12 earnings per share for the current fiscal year.

Strattec Security declared that its Board of Directors has approved a stock repurchase program on Thursday, May 28th that permits the company to repurchase $40.00 million in outstanding shares. This repurchase authorization permits the auto parts company to buy up to 12.8% of its stock through open market purchases. Stock repurchase programs are often a sign that the company’s board of directors believes its stock is undervalued.

Insider Transactions at Strattec Security

In related news, CFO Matthew Pauli acquired 2,000 shares of the company’s stock in a transaction dated Tuesday, May 12th. The shares were bought at an average price of $62.53 per share, for a total transaction of $125,060.00. Following the acquisition, the chief financial officer owned 2,000 shares in the company, valued at $125,060. This trade represents a ∞ increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Jennifer Lynn Slater acquired 801 shares of the company’s stock in a transaction dated Wednesday, May 13th. The shares were bought at an average price of $62.46 per share, for a total transaction of $50,030.46. Following the acquisition, the chief executive officer owned 57,924 shares in the company, valued at approximately $3,617,933.04. This trade represents a 1.40% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. In the last 90 days, insiders have purchased 4,598 shares of company stock worth $286,440. 3.90% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. New York State Teachers Retirement System acquired a new stake in shares of Strattec Security during the 4th quarter valued at about $27,000. State of Alaska Department of Revenue acquired a new stake in shares of Strattec Security during the 4th quarter valued at about $58,000. Raymond James Financial Inc. acquired a new stake in shares of Strattec Security during the 2nd quarter valued at about $92,000. New York State Common Retirement Fund acquired a new stake in shares of Strattec Security during the 2nd quarter valued at about $106,000. Finally, SG Americas Securities LLC acquired a new stake in shares of Strattec Security during the 4th quarter valued at about $134,000. Institutional investors own 68.91% of the company’s stock.

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.