Astronics Co. (NASDAQ:ATRO) Shares Purchased by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in Astronics Co. (NASDAQ:ATRO - Free Report) by 75.0% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 58,687 shares of the aerospace company's stock after buying an additional 25,146 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.17% of Astronics worth $937,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Arcadia Investment Management Corp MI purchased a new stake in Astronics during the fourth quarter worth approximately $135,000. Wealthspire Advisors LLC lifted its stake in Astronics by 42.7% during the fourth quarter. Wealthspire Advisors LLC now owns 21,789 shares of the aerospace company's stock worth $348,000 after purchasing an additional 6,523 shares during the last quarter. Skylands Capital LLC purchased a new stake in Astronics during the fourth quarter worth approximately $1,622,000. Bank of New York Mellon Corp lifted its stake in Astronics by 16.4% during the fourth quarter. Bank of New York Mellon Corp now owns 108,231 shares of the aerospace company's stock worth $1,727,000 after purchasing an additional 15,242 shares during the last quarter. Finally, Victory Capital Management Inc. purchased a new stake in Astronics during the fourth quarter worth approximately $178,000. Hedge funds and other institutional investors own 56.68% of the company's stock.

Analyst Upgrades and Downgrades

ATRO has been the topic of several research analyst reports. Wall Street Zen lowered Astronics from a "strong-buy" rating to a "buy" rating in a research report on Wednesday, May 21st. Truist Financial lifted their price target on Astronics from $24.00 to $32.00 and gave the stock a "hold" rating in a research report on Thursday.

Astronics Stock Performance

ATRO traded down $0.96 during trading on Friday, hitting $34.85. 781,095 shares of the stock were exchanged, compared to its average volume of 340,439. The firm has a market capitalization of $1.23 billion, a P/E ratio of -183.41 and a beta of 1.56. Astronics Co. has a 1-year low of $14.13 and a 1-year high of $36.32. The stock has a fifty day moving average price of $27.22 and a two-hundred day moving average price of $21.98. The company has a quick ratio of 1.46, a current ratio of 2.83 and a debt-to-equity ratio of 0.72.

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