58,080 Shares in Astronics Corporation $ATRO Bought by Walleye Capital LLC

Key Points

• Walleye Capital LLC acquired 58,080 shares of Astronics Corporation for approximately $1.404 million, representing a 0.16% ownership stake in the company as of the latest reporting period.
• Astronics has seen significant interest from institutional investors, with several firms increasing their stakes, including Signaturefd LLC which grew its stake by 88.5% in the first quarter.
• Analysts have mixed sentiments on the stock, with a recent upgrade from Truist Financial to a "buy" rating and a price target of $49, while Zacks Research rated it as a "strong-buy."

Walleye Capital LLC acquired a new position in Astronics Corporation (NASDAQ:ATRO - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 58,080 shares of the aerospace company's stock, valued at approximately $1,404,000. Walleye Capital LLC owned approximately 0.16% of Astronics at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Signaturefd LLC lifted its stake in Astronics by 88.5% in the 1st quarter. Signaturefd LLC now owns 1,446 shares of the aerospace company's stock worth $35,000 after acquiring an additional 679 shares in the last quarter. CWM LLC lifted its stake in Astronics by 192.2% in the 1st quarter. CWM LLC now owns 2,592 shares of the aerospace company's stock worth $63,000 after acquiring an additional 1,705 shares in the last quarter. Public Employees Retirement System of Ohio lifted its stake in Astronics by 167.1% in the 4th quarter. Public Employees Retirement System of Ohio now owns 4,156 shares of the aerospace company's stock worth $66,000 after acquiring an additional 2,600 shares in the last quarter. GAMMA Investing LLC lifted its stake in Astronics by 16,616.7% in the 1st quarter. GAMMA Investing LLC now owns 6,018 shares of the aerospace company's stock worth $145,000 after acquiring an additional 5,982 shares in the last quarter. Finally, Freestone Grove Partners LP purchased a new stake in Astronics in the 4th quarter worth about $172,000. 56.68% of the stock is owned by hedge funds and other institutional investors.

Astronics Stock Performance

Shares of ATRO stock traded up $0.13 during trading on Wednesday, reaching $36.64. The company had a trading volume of 221,324 shares, compared to its average volume of 531,095. The firm's 50 day simple moving average is $34.32 and its two-hundred day simple moving average is $28.89. The company has a debt-to-equity ratio of 0.59, a current ratio of 3.04 and a quick ratio of 1.63. Astronics Corporation has a one year low of $14.13 and a one year high of $38.26. The company has a market capitalization of $1.30 billion, a PE ratio of -304.62 and a beta of 1.69.

Astronics (NASDAQ:ATRO - Get Free Report) last issued its quarterly earnings data on Wednesday, August 6th. The aerospace company reported $0.38 earnings per share for the quarter, beating analysts' consensus estimates of $0.33 by $0.05. Astronics had a positive return on equity of 22.89% and a negative net margin of 0.45%.The business had revenue of $204.68 million for the quarter, compared to the consensus estimate of $208.29 million. Sell-side analysts forecast that Astronics Corporation will post 0.82 earnings per share for the current year.

Analysts Set New Price Targets

ATRO has been the subject of several research analyst reports. Zacks Research raised Astronics to a "strong-buy" rating in a research note on Friday, August 8th. Truist Financial raised Astronics from a "hold" rating to a "buy" rating and set a $49.00 target price on the stock in a research report on Friday, July 11th. Finally, Wall Street Zen lowered Astronics from a "strong-buy" rating to a "hold" rating in a research report on Saturday, August 9th. One research analyst has rated the stock with a Strong Buy rating and one has issued a Buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Strong Buy" and an average target price of $49.00.

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.