Next Century Growth Investors LLC trimmed its position in shares of Astronics Co. (NASDAQ:ATRO - Free Report) by 32.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,537,925 shares of the aerospace company's stock after selling 750,293 shares during the period. Astronics comprises 1.8% of Next Century Growth Investors LLC's portfolio, making the stock its 8th largest position. Next Century Growth Investors LLC owned 4.36% of Astronics worth $24,545,000 at the end of the most recent quarter.
Several other institutional investors have also added to or reduced their stakes in the stock. Neuberger Berman Group LLC boosted its holdings in Astronics by 16.7% in the fourth quarter. Neuberger Berman Group LLC now owns 35,000 shares of the aerospace company's stock worth $559,000 after purchasing an additional 5,000 shares during the last quarter. Renaissance Technologies LLC increased its holdings in Astronics by 139.3% during the fourth quarter. Renaissance Technologies LLC now owns 286,700 shares of the aerospace company's stock valued at $4,576,000 after buying an additional 166,900 shares during the period. Legal & General Group Plc boosted its holdings in shares of Astronics by 2.7% in the 4th quarter. Legal & General Group Plc now owns 68,426 shares of the aerospace company's stock valued at $1,092,000 after buying an additional 1,770 shares in the last quarter. Polymer Capital Management US LLC purchased a new stake in shares of Astronics during the fourth quarter worth about $190,000. Finally, Federated Hermes Inc. grew its stake in Astronics by 4.7% during the 4th quarter. Federated Hermes Inc. now owns 35,844 shares of the aerospace company's stock valued at $572,000 after purchasing an additional 1,612 shares during the last quarter. 56.68% of the stock is currently owned by institutional investors.
Astronics Stock Performance
Shares of Astronics stock traded up $0.42 during trading on Tuesday, reaching $23.23. The company's stock had a trading volume of 298,854 shares, compared to its average volume of 280,104. The company has a current ratio of 2.83, a quick ratio of 1.46 and a debt-to-equity ratio of 0.72. Astronics Co. has a fifty-two week low of $14.13 and a fifty-two week high of $26.63. The company has a 50-day moving average price of $22.37 and a two-hundred day moving average price of $19.13. The firm has a market cap of $819.30 million, a PE ratio of -122.26 and a beta of 1.26.
Astronics (NASDAQ:ATRO - Get Free Report) last released its quarterly earnings data on Tuesday, March 4th. The aerospace company reported $0.48 EPS for the quarter, topping analysts' consensus estimates of $0.21 by $0.27. Astronics had a negative net margin of 0.82% and a positive return on equity of 6.94%. The firm had revenue of $208.54 million for the quarter, compared to the consensus estimate of $194.91 million. During the same quarter in the previous year, the firm earned $0.35 earnings per share. On average, analysts forecast that Astronics Co. will post 0.82 EPS for the current year.
Insider Activity
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 transaction of $1,892,780.45. Following the sale, 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 position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 10.86% of the company's stock.
Wall Street Analyst Weigh In
A number of analysts have recently commented on the company. StockNews.com upgraded Astronics from a "hold" rating to a "buy" rating in a research report on Thursday, March 6th. Truist Financial boosted their price target on shares of Astronics from $17.00 to $23.00 and gave the company a "hold" rating in a research note on Wednesday, March 5th.
Check Out Our Latest Stock Report on ATRO
Astronics Profile
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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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