Astronics Co. (NASDAQ:ATRO) Shares Bought by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP grew its holdings in Astronics Co. (NASDAQ:ATRO - Free Report) by 4.8% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 888,942 shares of the aerospace company's stock after purchasing an additional 40,438 shares during the period. Dimensional Fund Advisors LP owned about 2.55% of Astronics worth $17,806,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Bares Capital Management Inc. increased its stake in Astronics by 12.8% in the fourth quarter. Bares Capital Management Inc. now owns 814,692 shares of the aerospace company's stock worth $14,192,000 after purchasing an additional 92,574 shares during the period. Advisors Asset Management Inc. increased its stake in Astronics by 103.1% in the first quarter. Advisors Asset Management Inc. now owns 47,322 shares of the aerospace company's stock worth $901,000 after purchasing an additional 24,027 shares during the period. GSA Capital Partners LLP increased its stake in Astronics by 84.5% in the first quarter. GSA Capital Partners LLP now owns 33,248 shares of the aerospace company's stock worth $633,000 after purchasing an additional 15,228 shares during the period. BNP Paribas Financial Markets increased its stake in Astronics by 35.1% in the first quarter. BNP Paribas Financial Markets now owns 52,587 shares of the aerospace company's stock worth $1,001,000 after purchasing an additional 13,656 shares during the period. Finally, Public Employees Retirement System of Ohio purchased a new stake in Astronics in the first quarter worth $31,000. Hedge funds and other institutional investors own 56.68% of the company's stock.

Astronics Stock Up 3.4 %

NASDAQ ATRO traded up $0.66 during trading on Friday, hitting $19.98. The company's stock had a trading volume of 68,615 shares, compared to its average volume of 146,316. The company has a debt-to-equity ratio of 0.67, a current ratio of 2.92 and a quick ratio of 1.50. The company has a market cap of $696.14 million, a PE ratio of -25.95 and a beta of 1.82. The business's 50 day simple moving average is $20.01 and its 200-day simple moving average is $19.48. Astronics Co. has a fifty-two week low of $14.11 and a fifty-two week high of $23.74.

Astronics (NASDAQ:ATRO - Get Free Report) last announced its quarterly earnings results on Thursday, August 1st. The aerospace company reported $0.04 earnings per share for the quarter, missing the consensus estimate of $0.17 by ($0.13). The company had revenue of $198.11 million for the quarter, compared to analysts' expectations of $191.19 million. Astronics had a negative net margin of 1.57% and a negative return on equity of 0.31%. During the same quarter in the prior year, the business posted ($0.37) earnings per share. On average, equities analysts anticipate that Astronics Co. will post 0.36 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Separately, Truist Financial raised their price target on Astronics from $20.00 to $22.00 and gave the company a "hold" rating in a research note on Friday, August 2nd.

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.