Equities Analysts Offer Predictions for STRT Q1 Earnings

Strattec Security Corporation (NASDAQ:STRT) – Stock analysts at Sidoti increased their Q1 2027 earnings estimates for Strattec Security in a research note issued to investors on Thursday, August 27th. Sidoti analyst J. Franzreb now anticipates that the auto parts company will post earnings of $1.38 per share for the quarter, up from their prior estimate of $1.31. The consensus estimate for Strattec Security’s current full-year earnings is $4.85 per share. Sidoti also issued estimates for Strattec Security’s Q2 2027 earnings at $0.87 EPS, Q3 2027 earnings at $0.94 EPS, Q1 2028 earnings at $1.44 EPS, Q2 2028 earnings at $1.04 EPS, Q3 2028 earnings at $1.12 EPS and FY2028 earnings at $5.05 EPS.

A number of other research firms have also recently weighed in on STRT. Freedom Capital upgraded Strattec Security from a “hold” rating to a “strong-buy” rating in a report on Monday, May 11th. Weiss Ratings reiterated a “buy (b)” rating on shares of Strattec Security in a research report on Wednesday, June 24th. Wall Street Zen cut shares of Strattec Security from a “buy” rating to a “hold” rating in a research note on Sunday, May 17th. Finally, Zacks Research upgraded shares of Strattec Security from a “strong sell” rating to a “hold” rating in a report on Friday, July 10th. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Buy”.

Strattec Security Price Performance

Shares of NASDAQ:STRT opened at $70.29 on Friday. The business’s 50 day simple moving average is $82.03 and its 200-day simple moving average is $79.79. The firm has a market capitalization of $293.81 million, a price-to-earnings ratio of 14.06, a price-to-earnings-growth ratio of 1.50 and a beta of 1.18. Strattec Security has a 12 month low of $57.01 and a 12 month high of $93.00.

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 company had revenue of $151.83 million during the quarter, compared to analysts’ expectations of $146.77 million.

Institutional Investors Weigh In On Strattec Security

A number of large investors have recently bought and sold shares of the stock. BlackRock Inc. purchased a new position in Strattec Security during the second quarter worth $26,464,000. Dimensional Fund Advisors LP lifted its position in shares of Strattec Security by 3.6% in the first quarter. Dimensional Fund Advisors LP now owns 248,136 shares of the auto parts company’s stock valued at $19,438,000 after acquiring an additional 8,542 shares in the last quarter. Gabelli Funds LLC lifted its position in shares of Strattec Security by 41.7% in the first quarter. Gabelli Funds LLC now owns 247,800 shares of the auto parts company’s stock valued at $19,413,000 after acquiring an additional 72,900 shares in the last quarter. Vanguard Group Inc. boosted its stake in shares of Strattec Security by 2.3% during the third quarter. Vanguard Group Inc. now owns 238,937 shares of the auto parts company’s stock valued at $16,262,000 after acquiring an additional 5,280 shares during the last quarter. Finally, Millennium Management LLC boosted its stake in shares of Strattec Security by 117.3% during the third quarter. Millennium Management LLC now owns 112,312 shares of the auto parts company’s stock valued at $7,644,000 after acquiring an additional 60,628 shares during the last quarter. Institutional investors and hedge funds own 68.91% of the company’s stock.

Strattec Security announced that its board has approved a share repurchase program on Thursday, May 28th that authorizes the company to buyback $40.00 million in shares. This buyback authorization authorizes the auto parts company to buy up to 12.8% of its stock through open market purchases. Stock buyback programs are generally an indication that the company’s management believes its stock is undervalued.

About Strattec Security

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.