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 $40.78 and traded as high as $44.42. Strattec Security shares last traded at $44.42, with a volume of 31,986 shares changing hands.
Analysts Set New Price Targets
Separately, StockNews.com upgraded Strattec Security from a "buy" rating to a "strong-buy" rating in a research note on Friday, February 7th.
View Our Latest Stock Analysis on Strattec Security
Strattec Security Trading Down 2.0 %
The firm has a market cap of $178.02 million, a PE ratio of 10.67, a price-to-earnings-growth ratio of 1.37 and a beta of 1.12. The company has a 50-day simple moving average of $43.43 and a 200 day simple moving average of $40.88. The company has a current ratio of 2.60, a quick ratio of 1.77 and a debt-to-equity ratio of 0.06.
Insider Buying and Selling
In other news, COO Rolando Guillot sold 3,500 shares of the stock in a transaction dated Wednesday, February 26th. The shares were sold at an average price of $50.10, for a total transaction of $175,350.00. Following the sale, the chief operating officer now directly owns 36,443 shares of the company's stock, valued at $1,825,794.30. This represents a 8.76 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 6.40% of the stock is currently owned by insiders.
Hedge Funds Weigh In On Strattec Security
A number of large investors have recently bought and sold shares of the business. Allspring Global Investments Holdings LLC increased its position in shares of Strattec Security by 85.2% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 46,476 shares of the auto parts company's stock valued at $1,915,000 after buying an additional 21,376 shares in the last quarter. Ritholtz Wealth Management purchased a new stake in Strattec Security in the 4th quarter worth $475,000. Geode Capital Management LLC raised its position in Strattec Security by 5.9% during the third quarter. Geode Capital Management LLC now owns 41,618 shares of the auto parts company's stock worth $1,776,000 after acquiring an additional 2,314 shares during the period. Empowered Funds LLC acquired a new position in Strattec Security during the fourth quarter worth $687,000. Finally, Barclays PLC lifted its holdings in Strattec Security by 126.0% during the third quarter. Barclays PLC now owns 3,950 shares of the auto parts company's stock valued at $169,000 after purchasing an additional 2,202 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 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.
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