Royce & Associates LP grew its position in Astronics Co. (NASDAQ:ATRO - Free Report) by 18.7% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,150,355 shares of the aerospace company's stock after purchasing an additional 181,619 shares during the quarter. Royce & Associates LP owned approximately 3.26% of Astronics worth $18,360,000 as of its most recent filing with the SEC.
A number of other institutional investors also recently modified their holdings of the company. RiverPark Advisors LLC raised its position in shares of Astronics by 3.5% in the 3rd quarter. RiverPark Advisors LLC now owns 30,394 shares of the aerospace company's stock worth $592,000 after acquiring an additional 1,015 shares in the last quarter. Swiss National Bank raised its position in shares of Astronics by 2.2% in the 4th quarter. Swiss National Bank now owns 54,800 shares of the aerospace company's stock worth $875,000 after acquiring an additional 1,200 shares in the last quarter. Franklin Resources Inc. raised its position in shares of Astronics by 6.7% in the 3rd quarter. Franklin Resources Inc. now owns 20,189 shares of the aerospace company's stock worth $411,000 after acquiring an additional 1,274 shares in the last quarter. Charles Schwab Investment Management Inc. raised its position in shares of Astronics by 1.8% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 81,169 shares of the aerospace company's stock worth $1,581,000 after acquiring an additional 1,432 shares in the last quarter. Finally, AlphaQuest LLC raised its position in shares of Astronics by 355.5% in the 4th quarter. AlphaQuest LLC now owns 3,576 shares of the aerospace company's stock worth $57,000 after acquiring an additional 2,791 shares in the last quarter. 56.68% of the stock is owned by institutional investors.
Astronics Stock Down 0.3 %
Astronics stock traded down $0.08 during midday trading on Thursday, reaching $25.00. The stock had a trading volume of 504,413 shares, compared to its average volume of 247,181. Astronics Co. has a 12 month low of $14.13 and a 12 month high of $25.54. The company has a market capitalization of $881.73 million, a P/E ratio of -131.57 and a beta of 1.74. The company has a fifty day moving average price of $19.58 and a two-hundred day moving average price of $18.55. 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 (NASDAQ:ATRO - Get Free Report) last issued 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. The firm had revenue of $208.54 million during the quarter, compared to analyst estimates 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 period in the previous year, the company posted $0.35 EPS. As a group, equities analysts expect that Astronics Co. will post 0.82 EPS for the current fiscal year.
Insider Activity at Astronics
In other Astronics news, Director Robert S. Keane sold 77,099 shares of the business's stock in a transaction on 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 owns 6,346 shares of the company's stock, valued at $155,794.30. The trade was a 92.39 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. 10.86% of the stock is owned by company insiders.
Wall Street Analyst Weigh In
Several research analysts have recently weighed in on ATRO shares. Truist Financial lifted their price objective on Astronics from $17.00 to $23.00 and gave the stock a "hold" rating in a research report on Wednesday, March 5th. StockNews.com raised Astronics from a "hold" rating to a "buy" rating in a research report on Thursday, March 6th.
Read Our Latest Research Report on Astronics
About Astronics
(
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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