Astronics Co. (NASDAQ:ATRO) Shares Sold by XTX Topco Ltd

XTX Topco Ltd trimmed its holdings in Astronics Co. (NASDAQ:ATRO - Free Report) by 52.9% in the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 17,450 shares of the aerospace company's stock after selling 19,574 shares during the period. XTX Topco Ltd's holdings in Astronics were worth $279,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in ATRO. AlphaQuest LLC lifted its stake in shares of Astronics by 355.5% in the 4th quarter. AlphaQuest LLC now owns 3,576 shares of the aerospace company's stock valued at $57,000 after purchasing an additional 2,791 shares during the last quarter. KLP Kapitalforvaltning AS acquired a new position in Astronics in the fourth quarter valued at about $73,000. Arcadia Investment Management Corp MI acquired a new position in Astronics in the fourth quarter valued at about $135,000. Stifel Financial Corp purchased a new position in Astronics during the third quarter worth about $212,000. Finally, Victory Capital Management Inc. acquired a new stake in shares of Astronics during the fourth quarter valued at about $178,000. Institutional investors and hedge funds own 56.68% of the company's stock.

Insider Activity

In other Astronics news, Director Robert S. Keane sold 77,099 shares of the company's stock in a transaction dated 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 sale, the director now owns 6,346 shares in the company, valued at $155,794.30. This represents a 92.39 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 10.86% of the company's stock.

Analyst Ratings Changes

A number of research firms recently weighed in on ATRO. StockNews.com raised shares of Astronics from a "hold" rating to a "buy" rating in a research report on Thursday, March 6th. Truist Financial dropped their price objective on Astronics from $23.00 to $21.00 and set a "hold" rating for the company in a research note on Thursday, April 17th.

Astronics Trading Up 1.6 %

NASDAQ:ATRO traded up $0.37 on Thursday, reaching $23.06. 75,724 shares of the company's stock were exchanged, compared to its average volume of 291,996. The business has a fifty day moving average of $22.96 and a 200-day moving average of $19.27. The company has a quick ratio of 1.46, a current ratio of 2.83 and a debt-to-equity ratio of 0.72. Astronics Co. has a 52-week low of $14.13 and a 52-week high of $26.63. The firm has a market capitalization of $813.13 million, a price-to-earnings ratio of -121.37 and a beta of 1.26.

Astronics (NASDAQ:ATRO - Get Free Report) last announced its earnings results on Tuesday, March 4th. The aerospace company reported $0.48 earnings per share for the quarter, topping the consensus estimate of $0.21 by $0.27. The firm 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 earned $0.35 EPS. As a group, analysts expect that Astronics Co. will post 0.82 earnings per share for the current year.

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.