Freestone Grove Partners LP bought a new stake in shares of Astronics Co. (NASDAQ:ATRO - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 10,760 shares of the aerospace company's stock, valued at approximately $172,000.
Other hedge funds have also added to or reduced their stakes in the company. Barclays PLC lifted its position in Astronics by 328.2% during the third quarter. Barclays PLC now owns 45,313 shares of the aerospace company's stock valued at $883,000 after purchasing an additional 34,730 shares during the period. JPMorgan Chase & Co. lifted its position in shares of Astronics by 108.3% during the 3rd quarter. JPMorgan Chase & Co. now owns 92,954 shares of the aerospace company's stock valued at $1,811,000 after buying an additional 48,328 shares in the last quarter. SG Americas Securities LLC grew its stake in shares of Astronics by 25.1% during the 4th quarter. SG Americas Securities LLC now owns 14,250 shares of the aerospace company's stock valued at $227,000 after acquiring an additional 2,863 shares during the period. Arcadia Investment Management Corp MI purchased a new stake in Astronics in the 4th quarter worth approximately $135,000. Finally, Wealthspire Advisors LLC lifted its holdings in Astronics by 42.7% during the fourth quarter. Wealthspire Advisors LLC now owns 21,789 shares of the aerospace company's stock valued at $348,000 after purchasing an additional 6,523 shares in the last quarter. 56.68% of the stock is owned by institutional investors.
Astronics Price Performance
Shares of NASDAQ ATRO traded up $0.67 during mid-day trading on Friday, hitting $27.52. 703,929 shares of the company's stock traded hands, compared to its average volume of 309,821. Astronics Co. has a 1 year low of $14.13 and a 1 year high of $28.39. The company has a debt-to-equity ratio of 0.72, a current ratio of 2.83 and a quick ratio of 1.46. The company's 50-day moving average is $23.69 and its two-hundred day moving average is $19.53. The company has a market capitalization of $970.60 million, a P/E ratio of -144.83 and a beta of 1.44.
Astronics (NASDAQ:ATRO - Get Free Report) last issued its quarterly earnings results on Tuesday, May 6th. The aerospace company reported $0.44 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.25 by $0.19. Astronics had a positive return on equity of 6.94% and a negative net margin of 0.82%. The company had revenue of $205.94 million during the quarter, compared to the consensus estimate of $192.53 million. On average, equities analysts anticipate that Astronics Co. will post 0.82 EPS for the current fiscal year.
Insiders Place Their Bets
In other Astronics news, Director Robert S. Keane sold 77,099 shares of the company's 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 transaction, the director now directly owns 6,346 shares in the company, valued at $155,794.30. This represents a 92.39 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 10.86% of the stock is owned by insiders.
Wall Street Analysts Forecast Growth
Several research analysts recently weighed in on the stock. StockNews.com raised shares of Astronics from a "hold" rating to a "buy" rating in a report on Thursday, March 6th. Truist Financial dropped their price target on Astronics from $23.00 to $21.00 and set a "hold" rating for the company in a research note on Thursday, April 17th.
Read Our Latest Stock Analysis on ATRO
Astronics Company Profile
(
Free Report)
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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