The proven Zacks Rank system focuses on earnings estimates and estimate revisions to find winning stocks. Nevertheless, we know that our readers all have their own perspectives, so we are always looking at the latest trends in value, growth, and momentum to find strong picks. Of these, perhaps no stock market trend is more popular than value investing, which is a strategy that has proven to be successful in all sorts of market environments. Value investors use fundamental analysis and traditional valuation ...

Have you been paying attention to shares of Strattec Security (STRT) ? Shares have been on the move with the stock up 3% over the past month. The stock hit a new 52-week high of $39.89 in the previous session. Strattec Security has gained 54.3% since the start of the year compared to the -3.8% move for the Zacks AutoTires-Trucks sector and the -24% return for the Zacks Automotive - Original Equipment industry. What's Driving the Outperformance? The stock has a great record of positive earnings surprises, as ...

Investors interested in stocks from the Automotive - Original Equipment sector have probably already heard of Strattec Security (STRT) and Ferrari (RACE) . But which of these two stocks is more attractive to value investors? We'll need to take a closer look to find out. Everyone has their own methods for finding great value opportunities, but our model includes pairing an impressive grade in the Value category of our Style Scores system with a strong Zacks Rank. The Zacks Rank is a proven strategy that targ ...

The proven Zacks Rank system focuses on earnings estimates and estimate revisions to find winning stocks. Nevertheless, we know that our readers all have their own perspectives, so we are always looking at the latest trends in value, growth, and momentum to find strong picks. Of these, perhaps no stock market trend is more popular than value investing, which is a strategy that has proven to be successful in all sorts of market environments. Value investors rely on traditional forms of analysis on key valuat ...

Core Viewpoint - Strattec Security (STRT) has shown a downtrend recently, losing 7.6% over the past week, but a hammer chart pattern suggests a potential trend reversal due to increased buying interest and optimism among analysts regarding future earnings [1] Group 1: Technical Analysis - The formation of a hammer chart pattern indicates a possible bottoming out, suggesting that selling pressure may be exhausting [1] - A hammer pattern occurs when a stock opens lower, makes a new low, but then closes near its opening price, signaling a potential loss of control by bears [2] - Hammer candles can appear on various timeframes and should be used alongside other bullish indicators for confirmation [2] Group 2: Fundamental Analysis - Recent upward revisions in earnings estimates for STRT serve as a bullish indicator, with the consensus EPS estimate increasing by 34.7% over the last 30 days [3] - STRT holds a Zacks Rank 1 (Strong Buy), placing it in the top 5% of over 4,000 ranked stocks, indicating strong potential for outperformance [3] - The Zacks Rank is a reliable timing indicator for identifying improvements in a company's prospects, further supporting the case for a trend reversal for STRT [3]

Core Viewpoint - Strattec Security (STRT) reported strong quarterly earnings, significantly exceeding expectations, indicating robust performance in the automotive locks and keys sector [1][2]. Financial Performance - Strattec Security achieved quarterly earnings of $2.39 per share, surpassing the Zacks Consensus Estimate of $0.38 per share, and showing a substantial increase from $0.50 per share a year ago, resulting in an earnings surprise of 528.95% [1] - The company reported revenues of $143.06 million for the quarter ended June 2024, exceeding the Zacks Consensus Estimate by 1.09% and up from $132.22 million year-over-year [2]. Market Performance - Strattec Security shares have declined approximately 10.6% since the beginning of the year, contrasting with the S&P 500's gain of 9% [3]. - The company's current Zacks Rank is 3 (Hold), indicating expected performance in line with the market in the near future [6]. Earnings Outlook - The current consensus EPS estimate for the upcoming quarter is $0.40 on revenues of $139.32 million, and for the current fiscal year, it is $1.47 on revenues of $542.24 million [7]. - The trend of earnings estimate revisions for Strattec Security is mixed, which may change following the recent earnings report [6]. Industry Context - The Automotive - Original Equipment industry, to which Strattec Security belongs, is currently ranked in the bottom 17% of over 250 Zacks industries, suggesting potential challenges ahead [8].

Core Viewpoint - STRATTEC SECURITY CORPORATION has appointed Jennifer L. Slater as the new President and CEO, effective July 1, 2024, bringing over 25 years of experience in the automotive industry and a strong focus on growth and shareholder value [1][2]. Company Leadership - Jennifer L. Slater is currently the Executive Vice President and General Manager at Sensata Technologies, where she led a significant transformation towards electrified products [2]. - Slater has a proven track record in various leadership roles, including her previous position at Clarios, where she managed a $3.3 billion battery business [3]. - The Board Chair, F. Jack Liebau, Jr., expressed confidence in Slater's ability to lead the company, highlighting her past successes and alignment with the Board's goals [2]. Company Background - STRATTEC designs, develops, manufactures, and markets automotive access control products, including mechanical and electronically enhanced locks, ignition lock housings, and various power systems for vehicles [6]. - The company has a strategic partnership with WITTE Automotive and ADAC Automotive, allowing it to market products globally under the "VAST Automotive Group" brand [6]. - STRATTEC has a long history in the automotive business, spanning 115 years [6].

Company Leadership - STRATTEC SECURITY CORPORATION has appointed Jennifer L. Slater as President and Chief Executive Officer effective July 1, 2024, following the interim leadership of Rolando Guilott [2][6] - Slater brings over 25 years of experience in general management, engineering, finance, sales, and strategy, having previously served as Executive Vice President and General Manager at Sensata Technologies [2][3] Strategic Vision - Slater has successfully led a significant transformation at Sensata Technologies, shifting from internal combustion products to electrified systems, focusing on both immediate execution and long-term growth [3] - She expressed enthusiasm for leading STRATTEC, aiming to position the company for continued growth in the automotive products industry [4] Industry Experience - Slater's background includes leadership roles at Clarios, LLC, where she managed a $3.3 billion battery business, and Johnson Controls International plc, where she held various senior positions [7] - The Board Chair, F. Jack Liebau, Jr., emphasized Slater's extensive automotive industry experience and her alignment with the Board's goals of growth and increasing shareholder value [6] Community Engagement - Slater is actively involved in the Milwaukee community, particularly in promoting STEM education for elementary students, and intends to continue this support [8] Company Overview - STRATTEC designs, develops, manufactures, and markets automotive access control products, including mechanical and electronically enhanced locks, ignition lock housings, and various power systems [9] - The company has a strategic partnership with WITTE Automotive and ADAC Automotive, allowing it to market products globally under the "VAST Automotive Group" brand [9]

STRT currently has a forward P/E ratio of 12.98, while MBLY has a forward P/E of 70.51. We also note that STRT has a PEG ratio of 1.30. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. MBLY currently has a PEG ratio of 4.62. Investors looking for stocks in the Automotive - Original Equipment sector might want to consider either Strattec Security (STRT) or Mobileye Global (MBLY) . But which of these two stocks offers v ...

Technical Analysis - Strattec Security Corporation (STRT) has reached a significant support level, indicating a potential investment opportunity from a technical perspective [1] - STRT's 50-day simple moving average has recently broken above its 200-day moving average, forming a "golden cross," which is a bullish indicator [1] - A successful golden cross event consists of three stages: a price bottom, the shorter moving average crossing above the longer moving average, and maintaining upward momentum [2] Performance Metrics - STRT has experienced a rally of 17.3% over the past four weeks, suggesting strong performance [3] - The company currently holds a 2 (Buy) rating on the Zacks Rank, indicating positive market sentiment [3] Earnings Outlook - There have been no cuts to earnings estimates for the current quarter, with one revision higher in the past 60 days, indicating a positive earnings outlook [3] - The Zacks Consensus Estimate for STRT has also increased, further solidifying the bullish case for the company [3][4]