Astronics Corporation $ATRO Holdings Increased by Assenagon Asset Management S.A.

Key Points

• Assenagon Asset Management increased its Astronics stake by 408.2% in the second quarter, holding 71,342 shares worth approximately $5.8 million. Institutional investors collectively own 56.68% of the company.
• Astronics exceeded quarterly earnings and revenue expectations, reporting EPS of $0.70 versus a $0.59 consensus and revenue of about $260 million versus $245.3 million expected. Revenue grew 46.9% year over year.
• The stock’s valuation remains elevated despite positive momentum. Management and analysts point to strong bookings and demand, but ATRO trades near its 52-week high with a price-to-earnings ratio above 76; analysts maintain an overall “Buy” rating with a $74.17 consensus target.

Assenagon Asset Management S.A. lifted its stake in Astronics Corporation (NASDAQ:ATRO - Free Report) by 408.2% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 71,342 shares of the aerospace company's stock after acquiring an additional 57,304 shares during the period. Assenagon Asset Management S.A. owned 0.17% of Astronics worth $5,797,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. IFP Advisors Inc raised its holdings in Astronics by 389.6% during the third quarter. IFP Advisors Inc now owns 563 shares of the aerospace company's stock worth $26,000 after purchasing an additional 448 shares in the last quarter. Allworth Financial LP raised its stake in shares of Astronics by 57.1% in the 4th quarter. Allworth Financial LP now owns 528 shares of the aerospace company's stock worth $29,000 after buying an additional 192 shares in the last quarter. EverSource Wealth Advisors LLC lifted its holdings in shares of Astronics by 147.6% in the second quarter. EverSource Wealth Advisors LLC now owns 894 shares of the aerospace company's stock valued at $30,000 after buying an additional 533 shares during the period. Quarry LP grew its holdings in Astronics by 33.6% during the fourth quarter. Quarry LP now owns 568 shares of the aerospace company's stock worth $31,000 after acquiring an additional 143 shares during the period. Finally, Leonteq Securities AG bought a new stake in Astronics in the fourth quarter worth about $33,000. 56.68% of the stock is currently owned by institutional investors.

Astronics Trading Down 0.7%

Astronics stock opened at $74.91 on Wednesday. Astronics Corporation has a 52 week low of $25.87 and a 52 week high of $88.72. The company has a debt-to-equity ratio of 2.07, a quick ratio of 1.63 and a current ratio of 2.97. The firm has a market capitalization of $3.22 billion, a price-to-earnings ratio of 76.18 and a beta of 1.15. The company has a 50 day moving average price of $74.07 and a 200 day moving average price of $66.78.

Astronics (NASDAQ:ATRO - Get Free Report) last announced its earnings results on Tuesday, August 11th. The aerospace company reported $0.70 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.59 by $0.11. The company had revenue of $259.96 million for the quarter, compared to the consensus estimate of $245.30 million. Astronics had a net margin of 5.12% and a return on equity of 49.34%. Astronics's revenue for the quarter was up 46.9% on a year-over-year basis. Research analysts forecast that Astronics Corporation will post 2.62 EPS for the current year.

Astronics News Summary

Here are the key news stories impacting Astronics this week:

• Positive Sentiment: Quarterly results exceeded estimates. Astronics reported earnings of $0.70 per share, compared with the $0.56–$0.59 analyst consensus and $0.32 a year earlier. Revenue reached approximately $260 million, above estimates of $245.3 million to $250.1 million. Astronics Corporation Q2 Earnings and Revenues Surpass Estimates
• Positive Sentiment: Profitability and demand reached records. Operating income rose to a record $40.5 million, while bookings reached $306.2 million and backlog stood at $780.6 million. Aerospace sales were a record $237.3 million, with a 20.3% operating margin. Net income also increased sharply from the prior year. Astronics Q2 Sales Rise 27% to Record $260 Million
• Positive Sentiment: Management raised its outlook. Full-year 2026 revenue guidance was increased to $1.02 billion–$1.04 billion, above the approximately $985 million consensus estimate. Third-quarter revenue guidance of $265 million–$275 million also exceeds the $252.3 million consensus, signaling continued sales momentum. Astronics Reports Record Operating Income on 27% Sales Growth
• Neutral Sentiment: Short-interest data offers little signal. Reported short interest was zero shares, producing a zero-day short-interest ratio; this suggests limited measurable short-selling pressure, though the data may be incomplete or unreliable.
• Neutral Sentiment: Valuation remains elevated. ATRO trades near its 52-week high with a reported price-to-earnings ratio above 76, leaving the stock potentially sensitive to any slowdown in growth or failure to meet its upgraded outlook.

Wall Street Analysts Forecast Growth

ATRO has been the subject of several research reports. Wall Street Zen lowered shares of Astronics from a "strong-buy" rating to a "buy" rating in a research report on Saturday. Truist Financial upgraded shares of Astronics to a "strong-buy" rating in a report on Monday, May 4th. Zacks Research upgraded shares of Astronics from a "hold" rating to a "strong-buy" rating in a research report on Monday, July 20th. Weiss Ratings reaffirmed a "sell (d-)" rating on shares of Astronics in a report on Friday, July 17th. Finally, TD Cowen increased their price objective on Astronics from $70.83 to $83.33 and gave the company a "buy" rating in a research report on Thursday, May 28th. Three equities research analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, Astronics has an average rating of "Buy" and a consensus target price of $74.17.

Astronics Profile

Astronics Corporation NASDAQ: ATRO is a global leader in the design and manufacture of advanced technologies primarily for the aerospace, defense and semiconductor industries. Headquartered in East Aurora, New York, the company was founded in 1968 and has grown through a combination of internal development and strategic acquisitions. Astronics operates multiple business units focused on power conversion, distribution and control; cabin electronics and connectivity; aircraft lighting and safety solutions; and automated test systems.

The company's aerospace products include onboard power generation and management systems, in-flight entertainment and connectivity hardware, LED and fluorescent lighting for aircraft cabins and cockpits, and safety equipment such as escape slide power units.

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