63,582 Shares in Astronics Co. (NASDAQ:ATRO) Acquired by PDT Partners LLC

PDT Partners LLC acquired a new stake in shares of Astronics Co. (NASDAQ:ATRO - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 63,582 shares of the aerospace company's stock, valued at approximately $1,015,000. PDT Partners LLC owned 0.18% of Astronics as of its most recent SEC filing.

Several other large investors also recently modified their holdings of ATRO. Barclays PLC raised its position in Astronics by 328.2% in the 3rd quarter. Barclays PLC now owns 45,313 shares of the aerospace company's stock worth $883,000 after purchasing an additional 34,730 shares during the period. Franklin Resources Inc. lifted its holdings in shares of Astronics by 6.7% during the 3rd quarter. Franklin Resources Inc. now owns 20,189 shares of the aerospace company's stock valued at $411,000 after purchasing an additional 1,274 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in Astronics by 108.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 92,954 shares of the aerospace company's stock worth $1,811,000 after purchasing an additional 48,328 shares in the last quarter. SG Americas Securities LLC increased its holdings in shares of Astronics by 25.1% in the fourth quarter. SG Americas Securities LLC now owns 14,250 shares of the aerospace company's stock valued at $227,000 after purchasing an additional 2,863 shares during the period. Finally, Arcadia Investment Management Corp MI purchased a new stake in shares of Astronics in the 4th quarter valued at $135,000. Institutional investors own 56.68% of the company's stock.

Analyst Upgrades and Downgrades

ATRO has been the subject of a number of analyst reports. Truist Financial decreased their price objective on shares of 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 shares of Astronics from a "hold" rating to a "buy" rating in a research note on Thursday, March 6th.

Astronics Stock Performance

Shares of ATRO stock traded down $0.03 during mid-day trading on Monday, hitting $23.84. 162,599 shares of the stock were exchanged, compared to its average volume of 437,386. The stock has a market capitalization of $840.81 million, a price-to-earnings ratio of -125.47 and a beta of 1.26. Astronics Co. has a 12-month low of $14.13 and a 12-month high of $26.63. The stock's fifty day simple moving average is $23.10 and its two-hundred day simple moving average is $19.29. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.46 and a current ratio of 2.83.

Astronics (NASDAQ:ATRO - Get Free Report) last issued its earnings results on Tuesday, March 4th. The aerospace company reported $0.48 earnings per share (EPS) for the quarter, topping 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 period in the prior year, the business posted $0.35 EPS. On average, analysts forecast that Astronics Co. will post 0.82 EPS for the current year.

Insider Transactions at Astronics

In related news, Director Robert S. Keane sold 77,099 shares of Astronics stock in a transaction dated Friday, March 7th. The shares were sold at an average price of $24.55, for a total transaction of $1,892,780.45. Following the sale, the director now directly 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 Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 10.86% of the company's stock.

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.