FY2027 EPS Estimates for Strattec Security Reduced by Sidoti

Strattec Security Corporation (NASDAQ:STRT) – Investment analysts at Sidoti reduced their FY2027 earnings per share estimates for Strattec Security in a report released on Thursday, August 27th. Sidoti analyst J. Franzreb now anticipates that the auto parts company will earn $4.27 per share for the year, down from their prior estimate of $4.85. The consensus estimate for Strattec Security’s current full-year earnings is $4.27 per share. Sidoti also issued estimates for Strattec Security’s Q4 2027 earnings at $1.08 EPS and Q4 2028 earnings at $1.44 EPS.

Strattec Security (NASDAQ:STRT) last issued its earnings results on Tuesday, August 25th. The auto parts company reported $2.06 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.36 by $0.70. Strattec Security had a net margin of 3.56% and a return on equity of 10.82%. The business had revenue of $151.83 million for the quarter, compared to analyst estimates of $146.77 million.

STRT has been the topic of a number of other reports. Wall Street Zen cut Strattec Security from a “buy” rating to a “hold” rating in a research report on Sunday, May 17th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Strattec Security in a research report on Wednesday, June 24th. Zacks Research upgraded Strattec Security from a “strong sell” rating to a “hold” rating in a research note on Friday, July 10th. Freedom Broker restated a “hold” rating and set a $83.00 price target (down from $89.00) on shares of Strattec Security in a research report on Monday. Finally, Freedom Capital raised shares of Strattec Security from a “hold” rating to a “strong-buy” rating in a report on Monday, May 11th. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $83.00.

Strattec Security Stock Performance

NASDAQ STRT opened at $70.14 on Monday. Strattec Security has a one year low of $57.01 and a one year high of $93.00. The company has a 50-day simple moving average of $81.75 and a 200-day simple moving average of $79.57. The firm has a market capitalization of $293.19 million, a PE ratio of 14.03, a price-to-earnings-growth ratio of 1.76 and a beta of 1.18.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of STRT. WINTON GROUP Ltd lifted its stake in shares of Strattec Security by 1.1% in the 4th quarter. WINTON GROUP Ltd now owns 11,507 shares of the auto parts company’s stock valued at $876,000 after purchasing an additional 122 shares during the last quarter. Deutsche Bank AG raised its holdings in Strattec Security by 6.3% during the fourth quarter. Deutsche Bank AG now owns 2,907 shares of the auto parts company’s stock valued at $221,000 after buying an additional 172 shares in the last quarter. Bailard Inc. lifted its position in shares of Strattec Security by 5.0% in the fourth quarter. Bailard Inc. now owns 4,200 shares of the auto parts company’s stock worth $320,000 after buying an additional 200 shares during the last quarter. NewEdge Advisors LLC raised its stake in shares of Strattec Security by 3.8% in the 3rd quarter. NewEdge Advisors LLC now owns 5,652 shares of the auto parts company’s stock valued at $385,000 after acquiring an additional 207 shares in the last quarter. Finally, New York State Teachers Retirement System bought a new position in shares of Strattec Security in the 4th quarter valued at approximately $27,000. Institutional investors and hedge funds own 68.91% of the company’s stock.

Strattec Security announced that its Board of Directors has authorized a share buyback program on Thursday, May 28th that permits the company to repurchase $40.00 million in shares. This repurchase authorization permits the auto parts company to repurchase up to 12.8% of its stock through open market purchases. Stock repurchase programs are usually a sign that the company’s management believes its shares are undervalued.

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.