Schonfeld Strategic Advisors LLC boosted its stake in shares of Astronics Co. (NASDAQ:ATRO - Free Report) by 58.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 881,504 shares of the aerospace company's stock after buying an additional 325,904 shares during the quarter. Schonfeld Strategic Advisors LLC owned 2.50% of Astronics worth $14,069,000 as of its most recent SEC filing.
A number of other institutional investors have also made changes to their positions in ATRO. Northern Trust Corp boosted its position in shares of Astronics by 5.4% during the 4th quarter. Northern Trust Corp now owns 257,633 shares of the aerospace company's stock worth $4,112,000 after purchasing an additional 13,086 shares during the period. Aquatic Capital Management LLC grew its stake in shares of Astronics by 714.5% in the fourth quarter. Aquatic Capital Management LLC now owns 11,541 shares of the aerospace company's stock valued at $184,000 after buying an additional 10,124 shares in the last quarter. Mill Road Capital Management LLC purchased a new stake in shares of Astronics in the 4th quarter valued at $1,516,000. Price T Rowe Associates Inc. MD acquired a new position in Astronics during the 4th quarter worth about $185,000. Finally, Tower Research Capital LLC TRC boosted its holdings in Astronics by 986.2% during the 4th quarter. Tower Research Capital LLC TRC now owns 24,483 shares of the aerospace company's stock valued at $391,000 after acquiring an additional 22,229 shares during the period. 56.68% of the stock is currently owned by institutional investors and hedge funds.
Insider Transactions at Astronics
In other Astronics news, Director Robert S. Keane sold 77,099 shares of the firm's stock in a transaction that occurred on 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 owns 6,346 shares of the company's stock, valued at approximately $155,794.30. This trade represents a 92.39 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 10.86% of the company's stock.
Astronics Stock Up 0.3 %
Shares of Astronics stock traded up $0.07 on Monday, reaching $23.94. 55,856 shares of the company were exchanged, compared to its average volume of 294,181. The stock's 50 day moving average price is $23.10 and its 200-day moving average price is $19.29. The company has a market cap of $844.30 million, a P/E ratio of -125.84 and a beta of 1.26. Astronics Co. has a 1-year low of $14.13 and a 1-year 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.
Astronics (NASDAQ:ATRO - Get Free Report) last announced its quarterly earnings data on Tuesday, March 4th. The aerospace company reported $0.48 EPS for the quarter, beating analysts' consensus estimates of $0.21 by $0.27. The company had revenue of $208.54 million for the quarter, compared to the consensus estimate of $194.91 million. Astronics had a negative net margin of 0.82% and a positive return on equity of 6.94%. During the same period in the prior year, the firm posted $0.35 EPS. As a group, equities analysts forecast that Astronics Co. will post 0.82 EPS for the current year.
Wall Street Analysts Forecast Growth
Several analysts have recently issued reports on the stock. Truist Financial reduced their price target on shares of Astronics from $23.00 to $21.00 and set a "hold" rating on the stock 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.
Check Out Our Latest Report on ATRO
About Astronics
(
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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