Victory Capital Management Inc. lessened its position in shares of Astronics Corporation (NASDAQ:ATRO) by 39.1% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 108,250 shares of the aerospace company’s stock after selling 69,361 shares during the period. Victory Capital Management Inc. owned 0.38% of Astronics Corporation worth $3,220,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Legal & General Group Plc grew its holdings in Astronics Corporation by 12.0% in the first quarter. Legal & General Group Plc now owns 5,084 shares of the aerospace company’s stock worth $161,000 after purchasing an additional 543 shares during the period. BNP Paribas Arbitrage SA grew its holdings in Astronics Corporation by 26.4% in the second quarter. BNP Paribas Arbitrage SA now owns 5,999 shares of the aerospace company’s stock worth $183,000 after purchasing an additional 1,254 shares during the period. JPMorgan Chase & Co. grew its holdings in Astronics Corporation by 37.9% in the first quarter. JPMorgan Chase & Co. now owns 7,534 shares of the aerospace company’s stock worth $239,000 after purchasing an additional 2,069 shares during the period. Tudor Investment Corp ET AL acquired a new stake in Astronics Corporation in the first quarter worth $240,000. Finally, Marshall Wace North America L.P. acquired a new stake in Astronics Corporation in the second quarter worth $294,000. 64.88% of the stock is owned by institutional investors and hedge funds.
A number of research analysts have recently issued reports on ATRO shares. SunTrust Banks, Inc. reiterated a “hold” rating and set a $30.00 price objective on shares of Astronics Corporation in a report on Thursday, October 12th. Canaccord Genuity reiterated a “buy” rating on shares of Astronics Corporation in a report on Friday, October 27th. BidaskClub cut shares of Astronics Corporation from a “sell” rating to a “strong sell” rating in a report on Monday, July 24th. Zacks Investment Research upgraded shares of Astronics Corporation from a “strong sell” rating to a “hold” rating in a report on Tuesday, October 17th. Finally, Dougherty & Co lifted their price objective on shares of Astronics Corporation from $35.00 to $40.00 and gave the company a “buy” rating in a report on Wednesday, November 8th. One analyst has rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $37.25.
Astronics Corporation (NASDAQ:ATRO) opened at $38.44 on Friday. Astronics Corporation has a twelve month low of $23.95 and a twelve month high of $41.03. The firm has a market cap of $1,090.00, a PE ratio of 31.72, a P/E/G ratio of 1.85 and a beta of 1.47. The company has a current ratio of 3.07, a quick ratio of 1.57 and a debt-to-equity ratio of 0.52.
Astronics Corporation (NASDAQ:ATRO) last released its quarterly earnings results on Tuesday, November 7th. The aerospace company reported $0.21 earnings per share for the quarter, missing the consensus estimate of $0.35 by ($0.14). Astronics Corporation had a return on equity of 10.29% and a net margin of 5.80%. The firm had revenue of $149.64 million for the quarter, compared to analysts’ expectations of $154.90 million. During the same quarter last year, the firm posted $0.41 earnings per share. The firm’s revenue for the quarter was down 3.5% compared to the same quarter last year. analysts predict that Astronics Corporation will post 1.35 EPS for the current year.
Astronics Corporation Company Profile
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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