Astronics Co. (NASDAQ:ATRO) Shares Purchased by Trexquant Investment LP

Trexquant Investment LP boosted its position in shares of Astronics Co. (NASDAQ:ATRO - Free Report) by 46.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 57,900 shares of the aerospace company's stock after acquiring an additional 18,339 shares during the period. Trexquant Investment LP owned 0.16% of Astronics worth $924,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the business. Royce & Associates LP raised its holdings in shares of Astronics by 18.7% in the fourth quarter. Royce & Associates LP now owns 1,150,355 shares of the aerospace company's stock worth $18,360,000 after buying an additional 181,619 shares during the last quarter. JPMorgan Chase & Co. boosted its holdings in shares of Astronics by 154.3% in the 4th quarter. JPMorgan Chase & Co. now owns 236,406 shares of the aerospace company's stock valued at $3,773,000 after acquiring an additional 143,452 shares during the last quarter. Skylands Capital LLC purchased a new position in shares of Astronics during the fourth quarter worth $1,622,000. State Street Corp boosted its holdings in Astronics by 6.7% in the third quarter. State Street Corp now owns 924,070 shares of the aerospace company's stock valued at $18,001,000 after purchasing an additional 58,356 shares during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. acquired a new position in shares of Astronics in the 4th quarter valued at about $776,000. Hedge funds and other institutional investors own 56.68% of the company's stock.

Insider Activity

In other Astronics news, Director Robert S. Keane sold 77,099 shares of the firm's stock in a transaction on 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 completion of the sale, the director now owns 6,346 shares of the company's stock, valued at $155,794.30. This trade represents a 92.39 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 10.83% of the company's stock.

Astronics Price Performance

Shares of NASDAQ ATRO traded up $0.14 during trading on Wednesday, hitting $23.37. The company had a trading volume of 55,589 shares, compared to its average volume of 279,236. Astronics Co. has a fifty-two week low of $14.13 and a fifty-two week high of $26.63. The stock has a fifty day simple moving average of $22.37 and a two-hundred day simple moving average of $19.13. The company has a quick ratio of 1.46, a current ratio of 2.83 and a debt-to-equity ratio of 0.72. The firm has a market capitalization of $824.06 million, a price-to-earnings ratio of -122.97 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 EPS for the quarter, beating the consensus estimate of $0.21 by $0.27. The firm had revenue of $208.54 million during the quarter, compared to analysts' expectations of $194.91 million. Astronics had a positive return on equity of 6.94% and a negative net margin of 0.82%. During the same quarter last year, the firm earned $0.35 earnings per share. On average, research analysts expect that Astronics Co. will post 0.82 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on ATRO shares. StockNews.com upgraded Astronics from a "hold" rating to a "buy" rating in a research report on Thursday, March 6th. Truist Financial upped their price target on Astronics from $17.00 to $23.00 and gave the stock a "hold" rating in a report on Wednesday, March 5th.

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.