Q3 EPS Estimate for Strattec Security Reduced by Analyst

Strattec Security Corporation (NASDAQ:STRT) – Research analysts at Sidoti Csr lowered their Q3 2027 earnings estimates for shares of Strattec Security in a report released on Monday, February 9th. Sidoti Csr analyst J. Franzreb now anticipates that the auto parts company will post earnings per share of $1.77 for the quarter, down from their previous forecast of $1.82. The consensus estimate for Strattec Security’s current full-year earnings is $3.67 per share. Sidoti Csr also issued estimates for Strattec Security’s FY2027 earnings at $6.27 EPS.

Strattec Security (NASDAQ:STRT) last issued its quarterly earnings results on Thursday, February 5th. The auto parts company reported $1.71 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.93 by $0.78. Strattec Security had a return on equity of 12.55% and a net margin of 4.63%.The company had revenue of $137.53 million for the quarter, compared to analyst estimates of $132.29 million.

Several other equities research analysts have also issued reports on the stock. Zacks Research lowered shares of Strattec Security from a “strong-buy” rating to a “hold” rating in a report on Friday, January 2nd. Weiss Ratings reiterated a “buy (b)” rating on shares of Strattec Security in a research note on Monday, December 29th. One analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat, Strattec Security has a consensus rating of “Moderate Buy”.

Strattec Security Stock Down 0.4%

Strattec Security stock opened at $90.10 on Tuesday. The stock has a market cap of $377.52 million, a PE ratio of 13.65, a P/E/G ratio of 1.68 and a beta of 1.19. Strattec Security has a 12-month low of $31.57 and a 12-month high of $92.50. The business’s 50-day moving average price is $80.26 and its two-hundred day moving average price is $72.36.

Hedge Funds Weigh In On Strattec Security

Hedge funds have recently made changes to their positions in the stock. Geode Capital Management LLC raised its position in shares of Strattec Security by 7.0% in the 4th quarter. Geode Capital Management LLC now owns 97,246 shares of the auto parts company’s stock worth $7,406,000 after acquiring an additional 6,403 shares in the last quarter. Legato Capital Management LLC bought a new stake in shares of Strattec Security during the 4th quarter valued at about $461,000. Gabelli Funds LLC grew its stake in Strattec Security by 26.6% during the fourth quarter. Gabelli Funds LLC now owns 174,900 shares of the auto parts company’s stock worth $13,317,000 after purchasing an additional 36,800 shares during the period. Bailard Inc. increased its holdings in Strattec Security by 5.0% in the fourth quarter. Bailard Inc. now owns 4,200 shares of the auto parts company’s stock worth $320,000 after purchasing an additional 200 shares in the last quarter. Finally, New York State Teachers Retirement System bought a new position in shares of Strattec Security during the 4th quarter worth approximately $27,000. 68.91% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In related news, VP Richard P. Messina sold 3,000 shares of the firm’s stock in a transaction on Monday, November 17th. The stock was sold at an average price of $66.35, for a total transaction of $199,050.00. Following the completion of the transaction, the vice president directly owned 11,624 shares of the company’s stock, valued at $771,252.40. This trade represents a 20.51% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 3.90% of the stock is owned by insiders.

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.