Strattec Security (NASDAQ:STRT) Stock Passes Above 200-Day Moving Average - What's Next?

Strattec Security Co. (NASDAQ:STRT - Get Free Report)'s stock price passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $29.40 and traded as high as $39.22. Strattec Security shares last traded at $38.29, with a volume of 37,387 shares.

Wall Street Analysts Forecast Growth

Separately, StockNews.com downgraded Strattec Security from a "strong-buy" rating to a "buy" rating in a research report on Friday, August 2nd.

Strattec Security Price Performance

The firm has a 50-day moving average of $37.87 and a 200-day moving average of $29.51. The company has a debt-to-equity ratio of 0.06, a current ratio of 2.15 and a quick ratio of 1.46. The stock has a market cap of $167.08 million, a PE ratio of 10.01, a PEG ratio of 1.75 and a beta of 1.13.

Strattec Security (NASDAQ:STRT - Get Free Report) last released its quarterly earnings data on Thursday, August 8th. The auto parts company reported $2.39 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.38 by $2.01. The firm had revenue of $143.06 million for the quarter, compared to analysts' expectations of $141.51 million. Strattec Security had a net margin of 3.03% and a return on equity of 7.43%. Research analysts predict that Strattec Security Co. will post 1.98 EPS for the current year.

Insider Buying and Selling

In related news, VP Richard P. Messina sold 1,270 shares of the stock in a transaction dated Friday, August 16th. The shares were sold at an average price of $38.78, for a total value of $49,250.60. Following the sale, the vice president now directly owns 11,930 shares of the company's stock, valued at $462,645.40. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders sold a total of 2,070 shares of company stock worth $74,033 over the last three months. 6.40% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Acuitas Investments LLC bought a new stake in shares of Strattec Security in the second quarter valued at about $925,000. Allspring Global Investments Holdings LLC purchased a new stake in shares of Strattec Security in the 3rd quarter worth approximately $1,071,000. Gamco Investors INC. ET AL boosted its stake in shares of Strattec Security by 2.2% during the first quarter. Gamco Investors INC. ET AL now owns 749,115 shares of the auto parts company's stock valued at $17,776,000 after purchasing an additional 16,225 shares in the last quarter. Central Pacific Bank Trust Division purchased a new position in Strattec Security during the first quarter valued at approximately $325,000. Finally, Renaissance Technologies LLC raised its stake in Strattec Security by 11.1% in the second quarter. Renaissance Technologies LLC now owns 85,106 shares of the auto parts company's stock worth $2,128,000 after buying an additional 8,500 shares in the last quarter. Institutional investors own 68.91% of the company's stock.

About Strattec Security

Strattec Security Corporation designs, develops, manufactures, and markets automotive access control products under the VAST Automotive Group brand primarily in North America. The company provides mechanical and electronically enhanced locks and keys, passive entry passive start systems, steering column and instrument panel ignition lock housings, latches, power sliding side door systems, power tailgate and lift gate systems, power deck lid systems, door handles, and related products.