27,478 Shares in Astronics Co. (NASDAQ:ATRO) Acquired by Ironwood Investment Management LLC

Ironwood Investment Management LLC purchased a new position in shares of Astronics Co. (NASDAQ:ATRO - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 27,478 shares of the aerospace company's stock, valued at approximately $439,000. Ironwood Investment Management LLC owned approximately 0.08% of Astronics at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. RiverPark Advisors LLC raised its position in shares of Astronics by 3.5% during the 3rd quarter. RiverPark Advisors LLC now owns 30,394 shares of the aerospace company's stock worth $592,000 after buying an additional 1,015 shares in the last quarter. Swiss National Bank grew its stake 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 purchasing an additional 1,200 shares during the last quarter. Franklin Resources Inc. grew its stake 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 purchasing an additional 1,274 shares during the last quarter. Charles Schwab Investment Management Inc. grew its stake 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 purchasing an additional 1,432 shares during the last quarter. Finally, AlphaQuest LLC grew 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 worth $57,000 after purchasing an additional 2,791 shares during the last quarter. 56.68% of the stock is currently owned by institutional investors.

Remove Ads

Astronics Trading Up 0.3 %

Shares of Astronics stock traded up $0.07 during trading on Wednesday, hitting $25.08. The stock had a trading volume of 568,400 shares, compared to its average volume of 245,511. The stock has a 50 day simple moving average of $19.39 and a 200 day simple moving average of $18.50. The company has a market capitalization of $884.55 million, a PE ratio of -131.99 and a beta of 1.74. 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 1 year low of $14.13 and a 1 year high of $25.60.

Astronics (NASDAQ:ATRO - Get Free Report) last released 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 business 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 last year, the firm posted $0.35 earnings per share. On average, research analysts expect that Astronics Co. will post 0.82 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on ATRO shares. StockNews.com raised shares of Astronics from a "hold" rating to a "buy" rating in a research note on Thursday, March 6th. Truist Financial lifted their price objective on shares of Astronics from $17.00 to $23.00 and gave the stock a "hold" rating in a research note on Wednesday, March 5th.

Insider Buying and Selling

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 completion of the sale, the director now directly owns 6,346 shares in the company, valued at approximately $155,794.30. This trade represents a 92.39 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 10.86% of the stock is currently owned by corporate insiders.

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.