Dimensional Fund Advisors LP Buys 58,149 Shares of Astronics Co. (NASDAQ:ATRO)

Dimensional Fund Advisors LP increased its position in Astronics Co. (NASDAQ:ATRO - Free Report) by 6.2% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 998,506 shares of the aerospace company's stock after purchasing an additional 58,149 shares during the quarter. Dimensional Fund Advisors LP owned approximately 2.83% of Astronics worth $15,936,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in ATRO. Barclays PLC lifted its stake in shares of Astronics by 328.2% in the 3rd quarter. Barclays PLC now owns 45,313 shares of the aerospace company's stock valued at $883,000 after purchasing an additional 34,730 shares during the period. JPMorgan Chase & Co. lifted its stake in shares of Astronics by 108.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 92,954 shares of the aerospace company's stock valued at $1,811,000 after purchasing an additional 48,328 shares during the period. SG Americas Securities LLC grew its holdings in shares of Astronics by 25.1% in the fourth quarter. SG Americas Securities LLC now owns 14,250 shares of the aerospace company's stock worth $227,000 after acquiring an additional 2,863 shares during the period. Arcadia Investment Management Corp MI purchased a new position in Astronics during the fourth quarter valued at $135,000. Finally, Wealthspire Advisors LLC lifted its position in Astronics by 42.7% during the fourth quarter. Wealthspire Advisors LLC now owns 21,789 shares of the aerospace company's stock valued at $348,000 after purchasing an additional 6,523 shares in the last quarter. Hedge funds and other institutional investors own 56.68% of the company's stock.

Astronics Price Performance

Shares of Astronics stock traded up $1.67 during trading hours on Monday, hitting $29.19. The company's stock had a trading volume of 660,048 shares, compared to its average volume of 311,366. The business has a 50 day moving average price of $23.69 and a two-hundred day moving average price of $19.55. Astronics Co. has a 12-month low of $14.13 and a 12-month high of $29.23. The company has a market cap of $1.03 billion, a PE ratio of -153.62 and a beta of 1.44. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.46 and a current ratio of 2.83.

Astronics (NASDAQ:ATRO - Get Free Report) last announced its quarterly earnings data on Tuesday, May 6th. The aerospace company reported $0.44 EPS for the quarter, beating the consensus estimate of $0.25 by $0.19. Astronics had a positive return on equity of 6.94% and a negative net margin of 0.82%. The business had revenue of $205.94 million for the quarter, compared to the consensus estimate of $192.53 million. Analysts expect that Astronics Co. will post 0.82 earnings per share for the current fiscal year.

Analysts Set New Price Targets

ATRO has been the topic of several analyst reports. StockNews.com upgraded Astronics from a "buy" rating to a "strong-buy" rating in a research report on Friday. Truist Financial lowered their target price on Astronics from $23.00 to $21.00 and set a "hold" rating on the stock in a research report on Thursday, April 17th.

Insider Buying and Selling

In related news, Director Robert S. Keane sold 77,099 shares of the business's stock in a transaction dated Friday, March 7th. The stock was sold at an average price of $24.55, for a total value of $1,892,780.45. Following the sale, the director now directly owns 6,346 shares in the company, valued at approximately $155,794.30. The trade was a 92.39% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 9.39% of the stock is owned by company insiders.

About Astronics

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.