Astronics Co. (NASDAQ:ATRO) Shares Acquired by Royce & Associates LP

Royce & Associates LP boosted its holdings in Astronics Co. (NASDAQ:ATRO) by 18.7% in the fourth quarter, according to its most recent Form 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 period. Royce & Associates LP owned about 3.26% of Astronics worth $18,360,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of ATRO. State Street Corp grew its position in shares of Astronics by 6.7% during the third quarter. State Street Corp now owns 924,070 shares of the aerospace company’s stock worth $18,001,000 after buying an additional 58,356 shares in the last quarter. Geode Capital Management LLC grew its holdings in Astronics by 2.0% during the 3rd quarter. Geode Capital Management LLC now owns 691,522 shares of the aerospace company’s stock worth $13,474,000 after acquiring an additional 13,469 shares in the last quarter. Needham Investment Management LLC increased its position in shares of Astronics by 9.2% in the 3rd quarter. Needham Investment Management LLC now owns 267,500 shares of the aerospace company’s stock worth $5,211,000 after purchasing an additional 22,500 shares during the last quarter. Bank of New York Mellon Corp raised its stake in shares of Astronics by 16.4% in the 4th quarter. Bank of New York Mellon Corp now owns 108,231 shares of the aerospace company’s stock valued at $1,727,000 after purchasing an additional 15,242 shares in the last quarter. Finally, Skylands Capital LLC bought a new position in shares of Astronics during the fourth quarter worth about $1,622,000. Institutional investors and hedge funds own 56.68% of the company’s stock.

Insider Activity

In other Astronics news, Director Robert S. Keane sold 77,099 shares of Astronics stock in a transaction on Friday, March 7th. The stock was 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 Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 10.86% of the company’s stock.

Astronics Price Performance

Shares of NASDAQ:ATRO opened at $24.77 on Monday. The company has a quick ratio of 1.46, a current ratio of 2.83 and a debt-to-equity ratio of 0.72. The firm has a 50-day simple moving average of $19.03 and a 200 day simple moving average of $18.47. Astronics Co. has a fifty-two week low of $14.13 and a fifty-two week high of $25.54. The company has a market cap of $873.61 million, a PE ratio of -130.36 and a beta of 1.74.

Astronics (NASDAQ:ATRO) 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 the consensus estimate 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 prior year, the business earned $0.35 EPS. On average, sell-side analysts anticipate that Astronics Co. will post 0.82 EPS for the current year.

Analysts Set New Price Targets

Several brokerages recently weighed in on ATRO. StockNews.com raised Astronics from a “hold” rating to a “buy” rating in a report on Thursday, March 6th. Truist Financial boosted their price target on Astronics from $17.00 to $23.00 and gave the company a “hold” rating in a report on Wednesday, March 5th.

Astronics Company Profile

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.