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

Strattec Security (NASDAQ:STRT) posted its quarterly earnings data on Monday. The auto parts company reported $0.92 EPS for the quarter, topping the consensus estimate of $0.56 by $0.36, Zacks reports. The firm had revenue of $139.05 million during 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 period in the prior year, the business posted $1.05 EPS.

Strattec Security Stock Performance

Shares of NASDAQ:STRT traded up $0.91 during midday trading on Wednesday, hitting $37.92. The company had a trading volume of 8,195 shares, compared to its average volume of 14,098. 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 company has a market cap of $155.47 million, a price-to-earnings ratio of 9.39, a PEG ratio of 1.87 and a beta of 1.14. Strattec Security has a 12-month low of $20.87 and a 12-month high of $43.15. The company has a fifty day moving average of $37.73 and a two-hundred day moving average of $30.54.

Analysts Set New Price Targets

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

Insider Buying and Selling

In related news, VP Richard P. Messina sold 1,270 shares of the company’s stock in a transaction on Friday, August 16th. The shares were sold at an average price of $38.78, for a total value of $49,250.60. Following the completion of the transaction, the vice president now owns 11,930 shares of the company’s stock, valued at approximately $462,645.40. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. In the last quarter, insiders sold 2,070 shares of company stock valued at $74,033. 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.