Astronics Co. (NASDAQ:ATRO) Shares Bought by Jump Financial LLC

Jump Financial LLC grew its holdings in Astronics Co. (NASDAQ:ATRO - Free Report) by 161.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 45,220 shares of the aerospace company's stock after purchasing an additional 27,915 shares during the quarter. Jump Financial LLC owned approximately 0.13% of Astronics worth $722,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of the business. Barclays PLC grew its position in shares of Astronics by 16.9% in the fourth quarter. Barclays PLC now owns 52,960 shares of the aerospace company's stock valued at $846,000 after purchasing an additional 7,647 shares during the period. Neuberger Berman Group LLC grew its position in shares of Astronics by 16.7% in the fourth quarter. Neuberger Berman Group LLC now owns 35,000 shares of the aerospace company's stock valued at $559,000 after purchasing an additional 5,000 shares during the period. Renaissance Technologies LLC grew its position in shares of Astronics by 139.3% in the fourth quarter. Renaissance Technologies LLC now owns 286,700 shares of the aerospace company's stock valued at $4,576,000 after purchasing an additional 166,900 shares during the period. Legal & General Group Plc grew its position in shares of Astronics by 2.7% in the fourth quarter. Legal & General Group Plc now owns 68,426 shares of the aerospace company's stock valued at $1,092,000 after purchasing an additional 1,770 shares during the period. Finally, Polymer Capital Management US LLC purchased a new stake in shares of Astronics in the fourth quarter valued at $190,000. 56.68% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on the company. Truist Financial lowered their price objective on Astronics from $23.00 to $21.00 and set a "hold" rating for the company in a research report on Thursday, April 17th. StockNews.com raised Astronics from a "hold" rating to a "buy" rating in a research report on Thursday, March 6th.

Insiders Place Their Bets

In other Astronics news, Director Robert S. Keane sold 77,099 shares of the business's stock in a transaction dated Friday, March 7th. The stock was sold at an average price of $24.55, for a total transaction of $1,892,780.45. Following the transaction, the director now owns 6,346 shares in the company, valued at $155,794.30. The trade was a 92.39 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 10.86% of the stock is currently owned by insiders.

Astronics Trading Up 0.8 %

ATRO stock traded up $0.18 during trading on Monday, reaching $22.05. 434,036 shares of the stock traded hands, compared to its average volume of 291,239. The business's 50 day moving average price is $22.84 and its 200-day moving average price is $19.22. Astronics Co. has a 52-week low of $14.13 and a 52-week high of $26.63. 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 firm has a market capitalization of $777.68 million, a PE ratio of -116.05 and a beta of 1.26.

Astronics (NASDAQ:ATRO - Get Free Report) last posted its quarterly earnings results on Tuesday, March 4th. The aerospace company reported $0.48 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.21 by $0.27. Astronics had a positive return on equity of 6.94% and a negative net margin of 0.82%. The firm had revenue of $208.54 million during the quarter, compared to the consensus estimate of $194.91 million. During the same quarter in the previous year, the business earned $0.35 earnings per share. As a group, sell-side analysts forecast 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.