RBF Capital LLC Reduces Stock Holdings in Astronics Co. (NASDAQ:ATRO)

RBF Capital LLC trimmed its holdings in shares of Astronics Co. (NASDAQ:ATRO - Free Report) by 16.6% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 100,372 shares of the aerospace company's stock after selling 20,000 shares during the period. RBF Capital LLC owned about 0.28% of Astronics worth $1,602,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Royce & Associates LP raised its stake in Astronics by 18.7% in the 4th quarter. Royce & Associates LP now owns 1,150,355 shares of the aerospace company's stock valued at $18,360,000 after acquiring an additional 181,619 shares during the period. Renaissance Technologies LLC raised its position in shares of Astronics by 139.3% in the fourth quarter. Renaissance Technologies LLC now owns 286,700 shares of the aerospace company's stock valued at $4,576,000 after purchasing an additional 166,900 shares during the period. JPMorgan Chase & Co. boosted its holdings in Astronics by 154.3% in the 4th quarter. JPMorgan Chase & Co. now owns 236,406 shares of the aerospace company's stock worth $3,773,000 after buying an additional 143,452 shares during the period. ExodusPoint Capital Management LP purchased a new position in Astronics in the 4th quarter valued at approximately $1,783,000. Finally, Marshall Wace LLP lifted its position in shares of Astronics by 259.8% during the fourth quarter. Marshall Wace LLP now owns 145,626 shares of the aerospace company's stock worth $2,324,000 after acquiring an additional 105,157 shares in the last quarter. 56.68% of the stock is owned by hedge funds and other institutional investors.

Astronics Price Performance

Shares of ATRO traded up $0.22 during midday trading on Monday, reaching $22.09. The stock had a trading volume of 186,410 shares, compared to its average volume of 290,287. Astronics Co. has a 12-month low of $14.13 and a 12-month high of $26.63. The company has a current ratio of 2.83, a quick ratio of 1.46 and a debt-to-equity ratio of 0.72. The company's 50-day moving average is $22.77 and its 200 day moving average is $19.21. The company has a market capitalization of $779.06 million, a price-to-earnings ratio of -116.31 and a beta of 1.26.

Astronics (NASDAQ:ATRO - Get Free Report) last issued its earnings results on Tuesday, March 4th. The aerospace company reported $0.48 EPS for the quarter, topping analysts' consensus estimates of $0.21 by $0.27. Astronics had a negative net margin of 0.82% and a positive return on equity of 6.94%. The company had revenue of $208.54 million for the quarter, compared to analysts' expectations of $194.91 million. During the same quarter last year, the company earned $0.35 EPS. On average, equities analysts predict that Astronics Co. will post 0.82 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages recently issued reports on ATRO. StockNews.com raised Astronics from a "hold" rating to a "buy" rating in a report on Thursday, March 6th. Truist Financial decreased their target price on Astronics from $23.00 to $21.00 and set a "hold" rating on the stock in a research note on Thursday, April 17th.

Insider Buying and Selling at Astronics

In related news, Director Robert S. Keane sold 77,099 shares of the company's stock in a transaction on Friday, March 7th. The shares were sold at an average price of $24.55, for a total transaction of $1,892,780.45. Following the completion of the sale, the director now directly owns 6,346 shares in the company, valued at $155,794.30. This represents a 92.39 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Corporate insiders own 10.86% of the company's stock.

Astronics Profile

Astronics Corporation, through its subsidiaries, designs and manufactures products for the aerospace, defense, and electronics industries in the United States, rest of North America, Asia, Europe, South America, and internationally. The company operates in two segments, Aerospace and Test Systems. The Aerospace segment offers lighting and safety systems, electrical power generation systems, distribution and seat motions systems, aircraft structures, avionics products, system certification, and other products.