Strattec Security (NASDAQ:STRT) Posts Earnings Results, Beats Expectations By $2.01 EPS

Strattec Security (NASDAQ:STRT) announced its quarterly earnings results on Thursday. The auto parts company reported $2.39 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.38 by $2.01, Zacks reports. Strattec Security had a return on equity of 4.02% and a net margin of 0.76%. The business had revenue of $143.06 million for the quarter, compared to the consensus estimate of $141.51 million.

Strattec Security Stock Performance

Strattec Security stock traded up $6.20 during midday trading on Friday, reaching $30.00. 87,459 shares of the stock traded hands, compared to its average volume of 11,586. Strattec Security has a fifty-two week low of $20.87 and a fifty-two week high of $30.34. The company has a current ratio of 2.24, a quick ratio of 1.51 and a debt-to-equity ratio of 0.06. The firm has a market cap of $122.04 million, a price-to-earnings ratio of 30.30, a PEG ratio of 1.60 and a beta of 1.11. The firm has a fifty day moving average price of $25.32 and a two-hundred day moving average price of $24.68.

Analysts Set New Price Targets

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

Insider Buying and Selling at Strattec Security

In other Strattec Security news, major shareholder Gate City Capital Management, acquired 7,057 shares of Strattec Security stock in a transaction dated Tuesday, May 21st. The stock was acquired at an average cost of $24.60 per share, for a total transaction of $173,602.20. Following the completion of the transaction, the insider now owns 412,341 shares in the company, valued at approximately $10,143,588.60. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 6.93% of the stock is owned by company insiders.

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.