Tower Research Capital LLC TRC Has $391,000 Position in Astronics Co. (NASDAQ:ATRO)

Tower Research Capital LLC TRC raised its holdings in shares of Astronics Co. (NASDAQ:ATRO - Free Report) by 986.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 24,483 shares of the aerospace company's stock after acquiring an additional 22,229 shares during the quarter. Tower Research Capital LLC TRC owned approximately 0.07% of Astronics worth $391,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. AlphaQuest LLC raised its stake in shares of Astronics by 355.5% during the 4th quarter. AlphaQuest LLC now owns 3,576 shares of the aerospace company's stock worth $57,000 after purchasing an additional 2,791 shares in the last quarter. KLP Kapitalforvaltning AS bought a new stake in Astronics in the fourth quarter worth approximately $73,000. Arcadia Investment Management Corp MI acquired a new stake in shares of Astronics in the 4th quarter valued at $135,000. Victory Capital Management Inc. acquired a new stake in shares of Astronics in the fourth quarter worth about $178,000. Finally, First Trust Advisors LP acquired a new position in Astronics during the fourth quarter valued at approximately $179,000. Institutional investors and hedge funds own 56.68% of the company's stock.

Insider Buying and Selling

In other news, Director Robert S. Keane sold 77,099 shares of the firm's 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 completion of the transaction, the director now directly owns 6,346 shares of the company's stock, valued at approximately $155,794.30. This trade represents a 92.39 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 10.86% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

ATRO has been the topic of several recent analyst reports. Truist Financial dropped their target price on shares of Astronics from $23.00 to $21.00 and set a "hold" rating on the stock in a report on Thursday, April 17th. StockNews.com raised Astronics from a "hold" rating to a "buy" rating in a report on Thursday, March 6th.

Astronics Stock Performance

NASDAQ:ATRO traded down $0.26 during trading hours on Tuesday, hitting $23.58. 31,657 shares of the company traded hands, compared to its average volume of 293,920. The company has a current ratio of 2.83, a quick ratio of 1.46 and a debt-to-equity ratio of 0.72. The stock has a market capitalization of $831.75 million, a price-to-earnings ratio of -124.31 and a beta of 1.44. The firm has a 50-day moving average of $23.18 and a 200 day moving average of $19.33. Astronics Co. has a twelve month low of $14.13 and a twelve month high of $26.63.

Astronics (NASDAQ:ATRO - Get Free Report) last released its earnings results on Tuesday, March 4th. The aerospace company reported $0.48 earnings per share for the quarter, beating the consensus estimate of $0.21 by $0.27. The business had revenue of $208.54 million during the quarter, compared to analysts' expectations 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 quarter last year, the company earned $0.35 earnings per share. On average, analysts forecast that Astronics Co. will post 0.82 EPS 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.