Astronics Corporation (NASDAQ:ATRO) Position Lessened by New York State Common Retirement Fund

New York State Common Retirement Fund lowered its position in Astronics Corporation (NASDAQ:ATRO - Free Report) by 17.7% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 93,113 shares of the aerospace company's stock after selling 20,021 shares during the quarter. New York State Common Retirement Fund owned approximately 0.26% of Astronics worth $2,251,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Public Employees Retirement System of Ohio raised its stake in shares of Astronics by 167.1% during the fourth quarter. Public Employees Retirement System of Ohio now owns 4,156 shares of the aerospace company's stock worth $66,000 after purchasing an additional 2,600 shares during the last quarter. KLP Kapitalforvaltning AS acquired a new stake in Astronics in the fourth quarter valued at $73,000. GAMMA Investing LLC grew its holdings in Astronics by 16,616.7% in the first quarter. GAMMA Investing LLC now owns 6,018 shares of the aerospace company's stock valued at $145,000 after purchasing an additional 5,982 shares during the last quarter. Freestone Grove Partners LP acquired a new stake in shares of Astronics during the fourth quarter valued at $172,000. Finally, First Trust Advisors LP acquired a new stake in shares of Astronics during the fourth quarter valued at $179,000. Hedge funds and other institutional investors own 56.68% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on ATRO shares. Wall Street Zen downgraded shares of Astronics from a "strong-buy" rating to a "buy" rating in a research note on Wednesday, May 21st. Truist Financial upgraded Astronics from a "hold" rating to a "buy" rating and set a $49.00 target price for the company in a research note on Friday, July 11th.

Astronics Stock Down 0.0%

NASDAQ ATRO traded down $0.01 during mid-day trading on Friday, reaching $34.49. 320,288 shares of the company's stock traded hands, compared to its average volume of 631,808. Astronics Corporation has a 1-year low of $14.13 and a 1-year high of $37.31. The company has a fifty day simple moving average of $33.03 and a 200-day simple moving average of $25.58. The company has a current ratio of 2.74, a quick ratio of 1.49 and a debt-to-equity ratio of 0.60. The company has a market cap of $1.22 billion, a price-to-earnings ratio of -287.39 and a beta of 1.55.

Astronics (NASDAQ:ATRO - Get Free Report) last issued its quarterly earnings data on Tuesday, May 6th. The aerospace company reported $0.44 earnings per share for the quarter, beating analysts' consensus estimates of $0.25 by $0.19. Astronics had a positive return on equity of 18.45% and a negative net margin of 0.43%. The firm had revenue of $205.94 million during the quarter, compared to analyst estimates of $192.53 million. As a group, equities research analysts expect that Astronics Corporation will post 0.82 EPS for the current year.

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.