Marshall Wace LLP Has $2.32 Million Stock Holdings in Astronics Co. (NASDAQ:ATRO)

Marshall Wace LLP lifted its stake in shares of Astronics Co. (NASDAQ:ATRO - Free Report) by 259.8% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 145,626 shares of the aerospace company's stock after purchasing an additional 105,157 shares during the period. Marshall Wace LLP owned 0.41% of Astronics worth $2,324,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Stifel Financial Corp bought a new stake in Astronics during the third quarter worth $212,000. Jane Street Group LLC raised its holdings in shares of Astronics by 49.0% in the 3rd quarter. Jane Street Group LLC now owns 51,147 shares of the aerospace company's stock valued at $996,000 after purchasing an additional 16,823 shares during the period. Barclays PLC lifted its stake in Astronics by 328.2% in the 3rd 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 last quarter. Geode Capital Management LLC grew its holdings in Astronics by 2.0% during the third quarter. Geode Capital Management LLC now owns 691,522 shares of the aerospace company's stock worth $13,474,000 after purchasing an additional 13,469 shares during the period. Finally, Franklin Resources Inc. increased its position in Astronics by 6.7% during the third quarter. Franklin Resources Inc. now owns 20,189 shares of the aerospace company's stock worth $411,000 after buying an additional 1,274 shares during the last quarter. Institutional investors and hedge funds own 56.68% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the company. StockNews.com upgraded Astronics from a "hold" rating to a "buy" rating in a research note on Thursday, March 6th. Truist Financial decreased their target price on Astronics from $23.00 to $21.00 and set a "hold" rating on the stock in a research report on Thursday, April 17th.

Astronics Price Performance

Shares of ATRO stock traded up $0.46 during trading on Friday, hitting $23.49. The company had a trading volume of 82,336 shares, compared to its average volume of 292,958. The firm has a market capitalization of $828.29 million, a P/E ratio of -123.65 and a beta of 1.26. Astronics Co. has a one year low of $14.13 and a one year high of $26.63. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.46 and a current ratio of 2.83. The stock's 50-day moving average price is $23.02 and its 200 day moving average price is $19.29.

Astronics (NASDAQ:ATRO - Get Free Report) last posted its quarterly earnings results on Tuesday, March 4th. The aerospace company reported $0.48 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 business 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 firm earned $0.35 earnings per share. Equities analysts expect that Astronics Co. will post 0.82 EPS for the current fiscal year.

Insider Buying and Selling at Astronics

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

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.