Dimensional Fund Advisors LP Boosts Position in Astronics Corporation $ATRO

Dimensional Fund Advisors LP grew its holdings in Astronics Corporation (NASDAQ:ATRO - Free Report) by 5.3% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 673,760 shares of the aerospace company's stock after acquiring an additional 34,018 shares during the period. Dimensional Fund Advisors LP owned 1.89% of Astronics worth $44,951,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of the stock. Capital International Investors increased its stake in Astronics by 31.5% in the 4th quarter. Capital International Investors now owns 1,849,886 shares of the aerospace company's stock worth $100,338,000 after buying an additional 442,886 shares in the last quarter. State Street Corp increased its position in Astronics by 26.2% in the fourth quarter. State Street Corp now owns 1,832,179 shares of the aerospace company's stock worth $99,377,000 after purchasing an additional 379,811 shares during the last quarter. Congruence Capital LLC bought a new position in shares of Astronics in the 4th quarter valued at about $19,658,000. Millennium Management LLC raised its position in Astronics by 80.1% during the first quarter. Millennium Management LLC now owns 746,956 shares of the aerospace company's stock valued at $18,054,000 after purchasing an additional 332,133 shares during the period. Finally, Lazard Asset Management LLC lifted its position in Astronics by 4,791.1% in the third quarter. Lazard Asset Management LLC now owns 236,140 shares of the aerospace company's stock worth $10,770,000 after buying an additional 231,312 shares during the last quarter. 56.68% of the stock is currently owned by hedge funds and other institutional investors.

Astronics Stock Performance

Astronics stock opened at $69.49 on Monday. Astronics Corporation has a one year low of $22.73 and a one year 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 stock has a market cap of $2.99 billion, a PE ratio of 70.67 and a beta of 1.15. The stock has a 50-day moving average of $73.45 and a two-hundred day moving average of $66.06.

Astronics (NASDAQ:ATRO - Get Free Report) last released its earnings results on Tuesday, May 12th. The aerospace company reported $0.49 EPS for the quarter, topping analysts' consensus estimates of $0.46 by $0.03. Astronics had a net margin of 5.12% and a return on equity of 49.34%. The company had revenue of $230.62 million during the quarter, compared to analysts' expectations of $225.52 million. During the same period last year, the business earned $0.37 EPS. Astronics's revenue for the quarter was up 12.0% on a year-over-year basis. On average, research analysts anticipate that Astronics Corporation will post 2.62 EPS for the current fiscal year.

Wall Street Analyst Weigh In

ATRO has been the topic of several analyst reports. Wall Street Zen upgraded shares of Astronics from a "buy" rating to a "strong-buy" rating in a report on Sunday, June 21st. Zacks Research upgraded Astronics from a "hold" rating to a "strong-buy" rating in a research report on Monday, July 20th. TD Cowen upped their target price on Astronics from $70.83 to $83.33 and gave the company a "buy" rating in a research note on Thursday, May 28th. Truist Financial upgraded Astronics to a "strong-buy" rating in a report on Monday, May 4th. Finally, Weiss Ratings reissued a "sell (d-)" rating on shares of Astronics in a research note on Friday, July 17th. Three analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating and one has given a Sell rating to the company. According to data from MarketBeat.com, Astronics presently has a consensus rating of "Buy" and a consensus target price of $74.17.

About Astronics

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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