13,424 Shares in Astronics Co. (NASDAQ:ATRO) Purchased by Graham Capital Management L.P.

Graham Capital Management L.P. acquired a new position in shares of Astronics Co. (NASDAQ:ATRO - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 13,424 shares of the aerospace company's stock, valued at approximately $214,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Schonfeld Strategic Advisors LLC raised its position in Astronics by 58.7% in the 4th quarter. Schonfeld Strategic Advisors LLC now owns 881,504 shares of the aerospace company's stock worth $14,069,000 after purchasing an additional 325,904 shares during the period. Ameriprise Financial Inc. increased its position in shares of Astronics by 493.7% in the fourth quarter. Ameriprise Financial Inc. now owns 363,286 shares of the aerospace company's stock valued at $5,798,000 after acquiring an additional 302,092 shares during the period. Royce & Associates LP increased its position in shares of Astronics by 18.7% in the fourth 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 increased 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 acquiring an additional 166,900 shares during the period. Finally, D. E. Shaw & Co. Inc. increased its position in shares of Astronics by 310.8% in the fourth quarter. D. E. Shaw & Co. Inc. now owns 203,341 shares of the aerospace company's stock valued at $3,245,000 after acquiring an additional 153,839 shares during the period. 56.68% of the stock is currently owned by institutional investors.

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 shares were sold at an average price of $24.55, for a total transaction of $1,892,780.45. Following the sale, the director now owns 6,346 shares of the company's stock, valued at $155,794.30. The trade was a 92.39% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 10.83% of the stock is currently owned by insiders.

Astronics Trading Up 1.1%

Shares of NASDAQ ATRO traded up $0.33 during midday trading on Friday, hitting $30.19. 229,313 shares of the company traded hands, compared to its average volume of 319,484. Astronics Co. has a 12-month low of $14.13 and a 12-month high of $31.15. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.46 and a current ratio of 2.83. The stock has a 50-day moving average price of $24.79 and a 200 day moving average price of $20.35. The firm has a market cap of $1.07 billion, a P/E ratio of -158.89 and a beta of 1.44.

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

Analysts Set New Price Targets

A number of equities analysts have issued reports on the stock. Truist Financial decreased their price objective on shares of Astronics from $23.00 to $21.00 and set a "hold" rating on the stock in a research report on Thursday, April 17th. Wall Street Zen cut shares of Astronics from a "strong-buy" rating to a "buy" rating in a research report on Wednesday.

Astronics Company 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.