Northern Trust Corp Has $4.11 Million Position in Astronics Co. (NASDAQ:ATRO)

Northern Trust Corp boosted its holdings in shares of Astronics Co. (NASDAQ:ATRO - Free Report) by 5.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 257,633 shares of the aerospace company's stock after purchasing an additional 13,086 shares during the quarter. Northern Trust Corp owned about 0.73% of Astronics worth $4,112,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. AlphaQuest LLC lifted its holdings in shares of Astronics by 355.5% during the fourth quarter. AlphaQuest LLC now owns 3,576 shares of the aerospace company's stock worth $57,000 after buying an additional 2,791 shares during the last quarter. KLP Kapitalforvaltning AS bought a new position in Astronics during the fourth quarter worth $73,000. Arcadia Investment Management Corp MI bought a new position in Astronics during the fourth quarter worth $135,000. Victory Capital Management Inc. acquired a new position in Astronics during the 4th quarter valued at $178,000. Finally, First Trust Advisors LP acquired a new position in Astronics during the 4th quarter valued at $179,000. Institutional investors own 56.68% of the company's stock.

Insider Activity at Astronics

In other Astronics news, Director Robert S. Keane sold 77,099 shares of the firm'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 completion of the transaction, the director now owns 6,346 shares in the company, valued at $155,794.30. This trade represents a 92.39% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 9.39% of the stock is currently owned by insiders.

Astronics Stock Performance

Shares of ATRO traded down $0.08 on Wednesday, reaching $31.64. 367,435 shares of the stock traded hands, compared to its average volume of 321,352. The stock's 50-day moving average price is $25.15 and its 200-day moving average price is $20.60. 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 firm has a market cap of $1.12 billion, a price-to-earnings ratio of -166.52 and a beta of 1.44. Astronics Co. has a 12 month low of $14.13 and a 12 month high of $31.81.

Astronics (NASDAQ:ATRO - Get Free Report) last posted its quarterly earnings results on Tuesday, May 6th. The aerospace company reported $0.44 earnings per share for the quarter, topping analysts' consensus estimates 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 firm had revenue of $205.94 million for the quarter, compared to the consensus estimate of $192.53 million. Equities analysts forecast that Astronics Co. will post 0.82 EPS for the current fiscal year.

Analyst Ratings Changes

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

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.