Price T Rowe Associates Inc. MD Takes Position in Astronics Co. (NASDAQ:ATRO)

Price T Rowe Associates Inc. MD acquired a new stake in shares of Astronics Co. (NASDAQ:ATRO - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 11,571 shares of the aerospace company's stock, valued at approximately $185,000.

Other large investors have also recently bought and sold shares of the company. Franklin Resources Inc. grew its stake in Astronics by 3.4% during the fourth quarter. Franklin Resources Inc. now owns 20,882 shares of the aerospace company's stock worth $333,000 after buying an additional 693 shares during the last quarter. Swiss National Bank grew its stake in shares of Astronics by 2.2% during the fourth quarter. Swiss National Bank now owns 54,800 shares of the aerospace company's stock valued at $875,000 after purchasing an additional 1,200 shares during the last quarter. Federated Hermes Inc. grew its stake in shares of Astronics by 4.7% during the fourth quarter. Federated Hermes Inc. now owns 35,844 shares of the aerospace company's stock valued at $572,000 after purchasing an additional 1,612 shares during the last quarter. Legal & General Group Plc grew its stake in shares of Astronics by 2.7% during the fourth quarter. Legal & General Group Plc now owns 68,426 shares of the aerospace company's stock valued at $1,092,000 after purchasing an additional 1,770 shares during the last quarter. Finally, AlphaQuest LLC grew its stake in shares of Astronics by 355.5% during the fourth quarter. AlphaQuest LLC now owns 3,576 shares of the aerospace company's stock valued at $57,000 after purchasing an additional 2,791 shares during the last quarter. 56.68% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other news, Director Robert S. Keane sold 77,099 shares of Astronics stock in a transaction dated Friday, March 7th. The shares were sold at an average price of $24.55, for a total value of $1,892,780.45. Following the completion of the transaction, the director now owns 6,346 shares of the company's stock, valued at $155,794.30. This trade represents a 92.39% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. 9.39% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on ATRO shares. StockNews.com raised shares of Astronics from a "buy" rating to a "strong-buy" rating in a research note on Friday, May 9th. Truist Financial decreased their price target on shares of Astronics from $23.00 to $21.00 and set a "hold" rating on the stock in a research note on Thursday, April 17th.

Astronics Trading Down 0.1%

ATRO opened at $30.17 on Friday. The firm's fifty day moving average is $24.22 and its two-hundred day moving average is $19.94. 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 firm has a market cap of $1.06 billion, a PE ratio of -158.78 and a beta of 1.44. Astronics Co. has a twelve month low of $14.13 and a twelve month high of $30.31.

Astronics (NASDAQ:ATRO - Get Free Report) last issued its quarterly earnings data on Tuesday, May 6th. The aerospace company reported $0.44 EPS 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 business had revenue of $205.94 million for the quarter, compared to analyst estimates of $192.53 million. Equities research analysts anticipate that Astronics Co. 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.

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