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STRATTEC Security (STRT) Surges: Why It Still Has Room to Run?

Zacks Equity Research

One company that should be on your radar is STRATTEC Security Corporation (STRT). The designer and manufacturer of automotive control products, has seen its Zacks Rank surge over the past four weeks, moving from Neutral to its current position as a Strong Buy.

A key reason for this move has been the positive trend in the earnings estimate revisions picture. For STRT’s full year estimate, we have seen 1 estimate go higher in the past 30 days, and there has been no downward revision over the same time frame. This trend has helped the consensus estimate to trend higher, going from $3.75 a share 30 days ago to its current level at $4.24.

This positive shift in estimates has made some investors take notice and buy the stock. In fact, STRT has seen some pretty solid trading lately, as the company has moved higher by 20.9% in the past month.

If STRATTEC Security can keep up this great momentum on the earnings estimate front and continue to impress analysts, we could see more gains ahead for this company, suggesting that you might want to put STRT on your watch list for the future.

Other top-ranked stocks worth considering in this space include Gentex Corp. (GNTX), Commercial Vehicle Group Inc. (CVGI) and Magna International Inc. (MGA). While, Gentex holds a Zacks Rank #1 (Strong Buy), Commercial Vehicle Group and Magna International carry a Zacks Rank #2 (Buy).

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STRATTEC SECURITY CP (STRT): Free Stock Analysis Report

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MAGNA INTL INC (MGA): Free Stock Analysis Report

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