Strattec Security (NASDAQ:STRT) Posts Earnings Results, Beats Expectations By $0.36 EPS

Strattec Security (NASDAQ:STRT) announced its earnings results on Monday. The auto parts company reported $0.92 earnings per share for the quarter, topping analysts’ consensus estimates of $0.56 by $0.36, Zacks reports. The company had revenue of $139.05 million for the quarter, compared to analyst estimates of $139.32 million. Strattec Security had a return on equity of 7.17% and a net margin of 2.93%. During the same quarter last year, the company earned $1.05 earnings per share.

Strattec Security Trading Up 2.6 %

Shares of STRT stock opened at $37.98 on Thursday. The stock has a market cap of $155.72 million, a P/E ratio of 9.64, a price-to-earnings-growth ratio of 1.87 and a beta of 1.14. Strattec Security has a 1 year low of $20.87 and a 1 year high of $43.15. The company has a current ratio of 2.15, a quick ratio of 1.46 and a debt-to-equity ratio of 0.06. The stock has a 50 day simple moving average of $37.75 and a 200 day simple moving average of $30.59.

Analysts Set New Price Targets

Separately, StockNews.com downgraded Strattec Security from a “buy” rating to a “hold” rating in a report on Wednesday.

Insiders Place Their Bets

In other news, VP Richard P. Messina sold 1,270 shares of the company’s stock in a transaction on Friday, August 16th. The stock was sold at an average price of $38.78, for a total transaction of $49,250.60. Following the completion of the sale, the vice president now directly owns 11,930 shares in the company, valued at approximately $462,645.40. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders have sold a total of 2,070 shares of company stock worth $74,033 in the last 90 days. Company insiders own 6.40% 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.