Strattec Security (NASDAQ:STRT) announced strong quarterly earnings, reporting $1.71 EPS against an estimated $0.93, a beat of $0.78, and revenue of $137.53 million, surpassing analyst expectations. Despite the positive results, the stock traded down to $86.24. Institutional investors are actively increasing their holdings, with 68.91% institutional ownership, while a vice president executed a notable insider sale.
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Strattec Security (NASDAQ:STRT) Announces Earnings Results, Beats Estimates By $0.78 EPS
Strattec Security (NASDAQ:STRT) announced strong quarterly earnings, reporting $1.71 EPS against an estimated $0.93, a beat of $0.78, and revenue of $137.53 million, surpassing analyst expectations. Despite the positive results, the stock traded down to $86.24. Institutional investors are actively increasing their holdings, with 68.91% institutional ownership, while a vice president executed a notable insider sale.