Public Employees Retirement System of Ohio Invests $1.46 Million in Astronics Corporation $ATRO

Public Employees Retirement System of Ohio acquired a new stake in shares of Astronics Corporation (NASDAQ:ATRO - Free Report) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 17,936 shares of the aerospace company's stock, valued at approximately $1,457,000.

A number of other hedge funds also recently bought and sold shares of the company. IFP Advisors Inc boosted its stake in Astronics by 389.6% in the third quarter. IFP Advisors Inc now owns 563 shares of the aerospace company's stock worth $26,000 after buying an additional 448 shares in the last quarter. Allworth Financial LP raised its stake in shares of Astronics by 57.1% during the fourth quarter. Allworth Financial LP now owns 528 shares of the aerospace company's stock worth $29,000 after acquiring an additional 192 shares in the last quarter. EverSource Wealth Advisors LLC raised its stake in shares of Astronics by 147.6% during the second quarter. EverSource Wealth Advisors LLC now owns 894 shares of the aerospace company's stock worth $30,000 after acquiring an additional 533 shares in the last quarter. Quarry LP lifted its holdings in shares of Astronics by 33.6% in the 4th quarter. Quarry LP now owns 568 shares of the aerospace company's stock worth $31,000 after acquiring an additional 143 shares during the last quarter. Finally, Leonteq Securities AG bought a new stake in shares of Astronics in the 4th quarter worth approximately $33,000. Institutional investors own 56.68% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms recently commented on ATRO. Weiss Ratings reaffirmed a "sell (d-)" rating on shares of Astronics in a report on Friday, July 17th. Wall Street Zen raised shares of Astronics from a "buy" rating to a "strong-buy" rating in a research note on Sunday, August 16th. Zacks Research raised shares of Astronics from a "hold" rating to a "strong-buy" rating in a research note on Monday, July 20th. Finally, TD Cowen upped their price target on shares of Astronics from $70.83 to $83.33 and gave the company a "buy" rating in a research report on Thursday, May 28th. Three equities research analysts have rated the stock with a Strong Buy rating, two have given a Buy rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, Astronics has a consensus rating of "Buy" and a consensus price target of $74.17.

Astronics Stock Performance

Shares of ATRO stock opened at $76.26 on Tuesday. The company has a market capitalization of $3.28 billion, a P/E ratio of 44.86 and a beta of 1.20. Astronics Corporation has a fifty-two week low of $30.72 and a fifty-two week high of $94.46. The company has a debt-to-equity ratio of 1.57, a quick ratio of 1.63 and a current ratio of 2.97. The stock has a 50 day moving average price of $74.80 and a two-hundred day moving average price of $68.93.

Astronics (NASDAQ:ATRO - Get Free Report) last issued its earnings results on Tuesday, August 11th. The aerospace company reported $0.70 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.59 by $0.11. Astronics had a net margin of 8.40% and a return on equity of 67.69%. The firm had revenue of $259.96 million for the quarter, compared to analysts' expectations of $245.30 million. The business's quarterly revenue was up 46.9% compared to the same quarter last year. Analysts expect that Astronics Corporation will post 2.74 earnings per share for the current year.

Astronics Company Profile

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.

Want to see what other hedge funds are holding ATRO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Astronics Corporation (NASDAQ:ATRO - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.