Algert Global LLC bought a new position in Astronics Co. (NASDAQ:ATRO) during the first quarter, according to its most recent filing with the SEC. The firm bought 19,689 shares of the aerospace company’s stock, valued at approximately $625,000. Algert Global LLC owned about 0.07% of Astronics as of its most recent SEC filing.
Other hedge funds have also added to or reduced their stakes in the company. FMR LLC raised its position in shares of Astronics by 52.5% in the fourth quarter. FMR LLC now owns 1,181,887 shares of the aerospace company’s stock valued at $39,995,000 after buying an additional 406,860 shares during the period. State Street Corp boosted its stake in shares of Astronics by 20.8% in the fourth quarter. State Street Corp now owns 511,758 shares of the aerospace company’s stock valued at $17,320,000 after buying an additional 88,181 shares during the period. Franklin Resources Inc. boosted its stake in shares of Astronics by 6.3% in the fourth quarter. Franklin Resources Inc. now owns 1,269,428 shares of the aerospace company’s stock valued at $42,958,000 after buying an additional 75,750 shares during the period. ARS Investment Partners LLC acquired a new stake in shares of Astronics during the fourth quarter valued at approximately $1,782,000. Finally, Mutual of America Capital Management LLC boosted its stake in shares of Astronics by 19.2% in the third quarter. Mutual of America Capital Management LLC now owns 315,756 shares of the aerospace company’s stock worth $14,225,000 after buying an additional 50,886 shares during the last quarter. 58.74% of the stock is owned by hedge funds and other institutional investors.
Astronics Co. (NASDAQ:ATRO) traded up 0.53% during midday trading on Friday, reaching $30.10. 190,204 shares of the company’s stock were exchanged. The company has a market cap of $872.81 million, a price-to-earnings ratio of 18.70 and a beta of 1.36. Astronics Co. has a 12-month low of $27.29 and a 12-month high of $41.03. The firm has a 50-day moving average price of $31.32 and a 200 day moving average price of $33.41.
Astronics (NASDAQ:ATRO) last released its quarterly earnings data on Thursday, May 4th. The aerospace company reported $0.38 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.29 by $0.09. The firm had revenue of $152.40 million for the quarter, compared to analysts’ expectations of $151.33 million. Astronics had a net margin of 8.24% and a return on equity of 16.66%. The company’s revenue for the quarter was down 4.5% compared to the same quarter last year. During the same quarter last year, the business posted $0.44 earnings per share. On average, analysts expect that Astronics Co. will post $1.85 EPS for the current fiscal year.
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ATRO has been the topic of a number of research analyst reports. Canaccord Genuity reaffirmed a “buy” rating and issued a $38.00 target price on shares of Astronics in a report on Tuesday, February 14th. SunTrust Banks, Inc. initiated coverage on shares of Astronics in a report on Thursday, January 19th. They issued a “hold” rating and a $35.00 price target on the stock. Zacks Investment Research upgraded shares of Astronics from a “sell” rating to a “hold” rating in a research report on Tuesday, April 18th. Finally, TheStreet lowered shares of Astronics from a “b-” rating to a “c+” rating in a research report on Friday, January 20th. Two equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $36.50.
Astronics Corporation is a supplier of products to the aerospace, defense, electronics and semiconductor industries. The Company’s products and services include electrical power generation, distribution and motion systems, lighting and safety systems, avionics products, aircraft structures, systems certification and automated test systems.
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