64,019 Shares in Astronics Co. (NASDAQ:ATRO) Purchased by Squarepoint Ops LLC

Squarepoint Ops LLC purchased a new stake in Astronics Co. (NASDAQ:ATRO - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 64,019 shares of the aerospace company's stock, valued at approximately $1,022,000. Squarepoint Ops LLC owned approximately 0.18% of Astronics at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently modified their holdings of ATRO. AlphaQuest LLC lifted its stake in Astronics by 355.5% in the 4th quarter. AlphaQuest LLC now owns 3,576 shares of the aerospace company's stock valued at $57,000 after acquiring an additional 2,791 shares in the last quarter. KLP Kapitalforvaltning AS acquired a new position in Astronics during the fourth quarter worth $73,000. Arcadia Investment Management Corp MI bought a new position in Astronics in the fourth quarter valued at $135,000. Freestone Grove Partners LP acquired a new stake in Astronics in the 4th quarter valued at $172,000. Finally, Victory Capital Management Inc. bought a new stake in Astronics during the 4th quarter worth about $178,000. 56.68% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Astronics

In related news, Director Robert S. Keane sold 77,099 shares of the business's stock in a transaction that occurred on Friday, March 7th. The stock was sold at an average price of $24.55, for a total transaction of $1,892,780.45. Following the transaction, the director now directly owns 6,346 shares of the company's stock, valued at approximately $155,794.30. The trade was a 92.39% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 9.39% of the company's stock.

Analyst Ratings Changes

Several research firms recently issued reports on ATRO. Wall Street Zen lowered Astronics from a "strong-buy" rating to a "buy" rating in a report on Wednesday, May 21st. Truist Financial lowered their price target on Astronics from $23.00 to $21.00 and set a "hold" rating on the stock in a research report on Thursday, April 17th.

Astronics Stock Performance

NASDAQ ATRO traded up $0.21 on Tuesday, hitting $32.06. 171,597 shares of the stock were exchanged, compared to its average volume of 323,567. The company has a debt-to-equity ratio of 0.72, a current ratio of 2.83 and a quick ratio of 1.46. The business's fifty day moving average is $25.46 and its 200 day moving average is $20.97. Astronics Co. has a 52 week low of $14.13 and a 52 week high of $32.39. The company has a market capitalization of $1.14 billion, a PE ratio of -168.73 and a beta of 1.44.

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

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.