Strattec Security (NASDAQ:STRT) Raised to “Buy” at Freedom Broker

Strattec Security (NASDAQ:STRT) was upgraded by equities researchers at Freedom Broker from a “hold” rating to a “buy” rating in a research note issued to investors on Tuesday, Benzinga reports. The firm presently has a $79.00 price target on the auto parts company’s stock, down from their previous price target of $83.00. Freedom Broker‘s price target indicates a potential upside of 24.31% from the stock’s previous close.

STRT has been the topic of a number of other research reports. Zacks Research cut Strattec Security from a “hold” rating to a “strong sell” rating in a research note on Tuesday, October 6th. Weiss Ratings lowered Strattec Security from a “buy (b)” rating to a “buy (b-)” rating in a research note on Monday. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $79.00.

Strattec Security Stock Performance

Shares of Strattec Security stock opened at $63.55 on Tuesday. The company has a market capitalization of $252.93 million, a P/E ratio of 15.42, a P/E/G ratio of 1.50 and a beta of 1.23. The company has a fifty day moving average of $67.06 and a 200 day moving average of $76.92. Strattec Security has a fifty-two week low of $57.01 and a fifty-two week high of $93.00.

Strattec Security (NASDAQ:STRT) last posted its earnings results on Thursday, October 29th. The auto parts company reported $1.85 EPS for the quarter, topping analysts’ consensus estimates of $1.47 by $0.38. Strattec Security had a return on equity of 10.79% and a net margin of 3.56%. The company had revenue of $147.20 million for the quarter, compared to the consensus estimate of $146.60 million. Analysts forecast that Strattec Security will post 4.27 EPS for the current year.

Institutional Trading of Strattec Security

Large investors have recently added to or reduced their stakes in the company. Baird Financial Group Inc. boosted its holdings in shares of Strattec Security by 4.1% in the 2nd quarter. Baird Financial Group Inc. now owns 18,475 shares of the auto parts company’s stock valued at $1,505,000 after acquiring an additional 720 shares during the last quarter. Nilsine Partners LLC increased its stake in shares of Strattec Security by 3.9% in the second quarter. Nilsine Partners LLC now owns 21,217 shares of the auto parts company’s stock worth $1,728,000 after acquiring an additional 790 shares during the period. Susquehanna International Group LLP increased its stake in shares of Strattec Security by 65.2% in the second quarter. Susquehanna International Group LLP now owns 11,765 shares of the auto parts company’s stock worth $958,000 after acquiring an additional 4,642 shares during the period. Empowered Funds LLC purchased a new position in shares of Strattec Security during the second quarter worth $2,175,000. Finally, Public Employees Retirement System of Ohio purchased a new position in shares of Strattec Security during the second quarter worth $766,000. Hedge funds and other institutional investors own 68.91% of the company’s stock.

Strattec Security News Roundup

Here are the key news stories impacting Strattec Security this week:

• Positive Sentiment: Sidoti raised its FY2027 EPS forecast to $4.47 from $4.27 and increased its Q4 2027 estimate to $1.11 from $1.08. The firm also modestly lifted its Q3 2028 forecast to $1.13 from $1.12. Strattec Security analyst estimates
• Neutral Sentiment: Sidoti’s updated FY2028 EPS estimate is $4.87, still indicating earnings growth from the projected FY2027 level of $4.47, but below the firm’s previous $5.05 forecast. The changes point to an uneven earnings trajectory rather than a broad change in the company’s long-term outlook.
• Negative Sentiment: Sidoti cut its Q2 2027 EPS estimate to $0.72 from $0.87, Q3 2027 to $0.78 from $0.94, Q1 2028 to $1.37 from $1.44, and Q2 2028 to $1.00 from $1.04. These reductions may pressure sentiment because they imply weaker profitability in several upcoming reporting periods.

Strattec Security Company Profile

Strattec Security Corporation (NASDAQ: STRT) designs and manufactures automotive access, security and vehicle-control products. Its offerings include mechanical and electronic locks, latches, keys, ignition systems, power-liftgate and sliding-door systems, actuators, and related security components used in passenger vehicles and commercial vehicles.

The company supplies automotive original equipment manufacturers and other transportation-industry customers. Its products are developed for applications such as vehicle entry, theft deterrence, body access and electronic control, and are produced and supported through operations in North America and other international locations.

Strattec traces its history to the early automotive components industry and became an independent publicly traded company after being spun off from Briggs & Stratton Corporation in 1995.