Astronics Co. (NASDAQ:ATRO) Shares Sold by Vanguard Group Inc.

Vanguard Group Inc. lessened its holdings in shares of Astronics Co. (NASDAQ:ATRO - Free Report) by 1.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,574,607 shares of the aerospace company's stock after selling 17,465 shares during the period. Vanguard Group Inc. owned about 4.47% of Astronics worth $25,131,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Charles Schwab Investment Management Inc. grew its holdings in shares of Astronics by 1.8% in the third quarter. Charles Schwab Investment Management Inc. now owns 81,169 shares of the aerospace company's stock worth $1,581,000 after purchasing an additional 1,432 shares during the last quarter. FMR LLC boosted its position in Astronics by 22.9% in the 3rd quarter. FMR LLC now owns 46,597 shares of the aerospace company's stock valued at $908,000 after buying an additional 8,670 shares during the period. Stifel Financial Corp bought a new position in Astronics in the 3rd quarter worth about $212,000. State Street Corp grew its stake in Astronics by 6.7% in the 3rd quarter. State Street Corp now owns 924,070 shares of the aerospace company's stock worth $18,001,000 after acquiring an additional 58,356 shares in the last quarter. Finally, Jane Street Group LLC increased its position in shares of Astronics by 49.0% during the third quarter. Jane Street Group LLC now owns 51,147 shares of the aerospace company's stock worth $996,000 after acquiring an additional 16,823 shares during the period. Institutional investors own 56.68% of the company's stock.

Astronics Stock Down 4.5 %

NASDAQ ATRO traded down $1.03 during trading on Friday, reaching $21.76. 434,532 shares of the company's stock traded hands, compared to its average volume of 284,609. The company's 50 day simple moving average is $22.56 and its two-hundred day simple moving average is $19.18. Astronics Co. has a 12-month low of $14.13 and a 12-month high of $26.63. The firm has a market cap of $767.45 million, a price-to-earnings ratio of -114.52 and a beta of 1.26. 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 issued its quarterly earnings data on Tuesday, March 4th. The aerospace company reported $0.48 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.21 by $0.27. The company had revenue of $208.54 million for the quarter, compared to analyst estimates 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 last year, the company posted $0.35 earnings per share. As a group, sell-side analysts forecast that Astronics Co. will post 0.82 EPS for the current fiscal year.

Insider Buying and Selling

In other Astronics news, Director Robert S. Keane sold 77,099 shares of the business's stock in a transaction dated Friday, March 7th. The shares were sold at an average price of $24.55, for a total value of $1,892,780.45. Following the completion of the transaction, the director now directly owns 6,346 shares in the company, valued at approximately $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 SEC, which can be accessed through the SEC website. 10.83% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

ATRO has been the topic of several research analyst reports. StockNews.com raised Astronics from a "hold" rating to a "buy" rating in a research note on Thursday, March 6th. Truist Financial lowered their target price on Astronics from $23.00 to $21.00 and set a "hold" rating for the company in a report on Thursday.

About Astronics

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.