Astronics Co. (NASDAQ:ATRO) Stake Lessened by RBF Capital LLC

RBF Capital LLC decreased its position in shares of Astronics Co. (NASDAQ:ATRO - Free Report) by 16.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 100,372 shares of the aerospace company's stock after selling 20,000 shares during the period. RBF Capital LLC owned 0.28% of Astronics worth $1,602,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in ATRO. Royce & Associates LP lifted 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 valued at $18,360,000 after buying an additional 181,619 shares during the period. Renaissance Technologies LLC lifted its holdings in Astronics by 139.3% in the 4th quarter. Renaissance Technologies LLC now owns 286,700 shares of the aerospace company's stock valued at $4,576,000 after acquiring an additional 166,900 shares during the last quarter. JPMorgan Chase & Co. boosted its position in shares of Astronics by 154.3% during the 4th quarter. JPMorgan Chase & Co. now owns 236,406 shares of the aerospace company's stock valued at $3,773,000 after purchasing an additional 143,452 shares in the last quarter. ExodusPoint Capital Management LP acquired a new position in shares of Astronics in the 4th quarter worth approximately $1,783,000. Finally, Marshall Wace LLP raised its holdings in shares of Astronics by 259.8% in the 4th quarter. Marshall Wace LLP now owns 145,626 shares of the aerospace company's stock worth $2,324,000 after purchasing an additional 105,157 shares in the last quarter. 56.68% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts have issued reports on ATRO shares. StockNews.com upgraded shares of Astronics from a "hold" rating to a "buy" rating in a research report on Thursday, March 6th. Truist Financial cut their target price on Astronics from $23.00 to $21.00 and set a "hold" rating on the stock in a research report on Thursday, April 17th.

Astronics Stock Down 1.2 %

ATRO stock opened at $20.03 on Wednesday. The company's 50 day simple moving average is $22.62 and its 200-day simple moving average is $19.19. The firm has a market capitalization of $706.44 million, a P/E ratio of -105.42 and a beta of 1.26. Astronics Co. has a 52-week low of $14.13 and a 52-week high of $26.63. 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 earnings results on Tuesday, March 4th. The aerospace company reported $0.48 earnings per share for the quarter, beating analysts' consensus estimates of $0.21 by $0.27. Astronics had a positive return on equity of 6.94% and a negative net margin of 0.82%. The company had revenue of $208.54 million for the quarter, compared to the consensus estimate of $194.91 million. During the same quarter in the prior year, the company earned $0.35 EPS. As a group, equities research analysts anticipate that Astronics Co. will post 0.82 EPS for the current year.

Insider Buying and Selling at Astronics

In related news, Director Robert S. Keane sold 77,099 shares of the firm's stock in a transaction that occurred 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 transaction, the director now owns 6,346 shares of the company's stock, valued at approximately $155,794.30. This trade represents a 92.39 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 10.86% of the company's stock.

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.

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