Wealth Enhancement Advisory Services LLC Invests $260,000 in Astronics Corporation $ATRO

Wealth Enhancement Advisory Services LLC acquired a new position in Astronics Corporation (NASDAQ:ATRO - Free Report) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm acquired 7,964 shares of the aerospace company's stock, valued at approximately $260,000.

Other large investors also recently bought and sold shares of the company. Signaturefd LLC grew its position in Astronics by 88.5% during the first quarter. Signaturefd LLC now owns 1,446 shares of the aerospace company's stock valued at $35,000 after buying an additional 679 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in Astronics by 6.5% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 17,491 shares of the aerospace company's stock worth $423,000 after buying an additional 1,069 shares during the period. CWM LLC raised its position in shares of Astronics by 192.2% during the first quarter. CWM LLC now owns 2,592 shares of the aerospace company's stock valued at $63,000 after buying an additional 1,705 shares during the last quarter. Gamco Investors INC. ET AL raised its position in shares of Astronics by 12.9% during the first quarter. Gamco Investors INC. ET AL now owns 18,400 shares of the aerospace company's stock valued at $445,000 after buying an additional 2,100 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its stake in Astronics by 5.1% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 85,347 shares of the aerospace company's stock worth $2,063,000 after purchasing an additional 4,174 shares in the last quarter. 56.68% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages have commented on ATRO. Wall Street Zen cut shares of Astronics from a "strong-buy" rating to a "hold" rating in a research note on Saturday, August 9th. Weiss Ratings restated a "sell (d-)" rating on shares of Astronics in a research report on Wednesday. Zacks Research downgraded Astronics from a "strong-buy" rating to a "hold" rating in a research report on Monday. Finally, 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 note on Friday, July 11th. One research analyst has rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $49.00.

Astronics Stock Performance

Shares of Astronics stock opened at $46.03 on Friday. The firm has a market capitalization of $1.63 billion, a P/E ratio of -383.55 and a beta of 1.68. The company has a quick ratio of 1.63, a current ratio of 3.04 and a debt-to-equity ratio of 0.59. The company has a 50 day moving average price of $39.05 and a 200 day moving average price of $32.63. Astronics Corporation has a 52 week low of $14.13 and a 52 week high of $48.94.

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

Insider Activity

In other news, insider James Mulato sold 1,129 shares of the business's stock in a transaction dated Friday, September 5th. The stock was sold at an average price of $38.16, for a total value of $43,082.64. Following the completion of the transaction, the insider owned 1,066 shares of the company's stock, valued at $40,678.56. The trade was a 51.44% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 9.39% of the stock is currently owned by company insiders.

Astronics 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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