Frederic Jack Liebau, Jr. Acquires 1,000 Shares of Strattec Security (NASDAQ:STRT) Stock

Strattec Security Corporation (NASDAQ:STRT) Director Frederic Jack Liebau, Jr. purchased 1,000 shares of the stock in a transaction that occurred on Tuesday, May 12th. The stock was purchased at an average price of $61.37 per share, for a total transaction of $61,370.00. Following the acquisition, the director owned 7,748 shares in the company, valued at approximately $475,494.76. This trade represents a 14.82% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link.

Strattec Security Stock Performance

STRT stock opened at $66.91 on Friday. Strattec Security Corporation has a 1 year low of $47.23 and a 1 year high of $92.50. The stock’s 50 day moving average price is $76.03 and its 200 day moving average price is $77.65. The firm has a market cap of $279.68 million, a P/E ratio of 11.04, a PEG ratio of 1.05 and a beta of 1.17.

Strattec Security (NASDAQ:STRT) last posted its earnings results on Thursday, May 7th. The auto parts company reported $0.90 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.14 by ($0.24). Strattec Security had a net margin of 4.31% and a return on equity of 11.00%. The company had revenue of $137.63 million during the quarter, compared to analysts’ expectations of $140.35 million. On average, research analysts predict that Strattec Security Corporation will post 6.12 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on STRT. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Strattec Security in a research note on Friday, March 27th. Wall Street Zen lowered Strattec Security from a “strong-buy” rating to a “buy” rating in a research note on Saturday, May 9th. Zacks Research lowered Strattec Security from a “hold” rating to a “strong sell” rating in a research note on Tuesday. Finally, Freedom Capital raised Strattec Security from a “hold” rating to a “strong-buy” rating in a research note on Monday, May 11th. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, Strattec Security presently has a consensus rating of “Moderate Buy”.

Institutional Trading of Strattec Security

Several large investors have recently modified their holdings of STRT. New York State Teachers Retirement System acquired a new stake in shares of Strattec Security during the fourth quarter valued at about $27,000. State of Alaska Department of Revenue acquired a new stake in shares of Strattec Security during the fourth quarter valued at about $58,000. Bank of America Corp DE grew its stake in shares of Strattec Security by 137.9% during the fourth quarter. Bank of America Corp DE now owns 2,208 shares of the auto parts company’s stock valued at $91,000 after acquiring an additional 1,280 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in shares of Strattec Security during the second quarter valued at about $92,000. Finally, New York State Common Retirement Fund acquired a new stake in shares of Strattec Security during the second quarter valued at about $106,000. 68.91% of the stock is currently owned by institutional investors and hedge funds.

Strattec Security Company Profile

Strattec Security Corporation is a Wisconsin?based designer and manufacturer of mechanical and electronic locking systems for the global automotive market. Established more than five decades ago, the company supplies original equipment manufacturers (OEMs) and the aftermarket with a broad portfolio of lock and key solutions tailored to passenger cars, light trucks and commercial vehicles.

The company’s product range includes mechanical locking systems such as door lock cylinders, ignition lock modules, key blanks and door handles, as well as electromechanical and keyless?entry systems.