Astronics Corporation $ATRO Stock Holdings Increased by Gamco Investors INC. ET AL

Gamco Investors INC. ET AL raised its holdings in shares of Astronics Corporation (NASDAQ:ATRO) by 33.2% during the 4th quarter, Holdings Channel reports. The fund owned 27,298 shares of the aerospace company’s stock after purchasing an additional 6,800 shares during the period. Gamco Investors INC. ET AL’s holdings in Astronics were worth $1,481,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently added to or reduced their stakes in the business. ARS Investment Partners LLC raised its stake in Astronics by 55.2% during the 4th quarter. ARS Investment Partners LLC now owns 6,956 shares of the aerospace company’s stock valued at $377,000 after acquiring an additional 2,474 shares in the last quarter. Allworth Financial LP raised its stake in Astronics by 57.1% during the 4th quarter. Allworth Financial LP now owns 528 shares of the aerospace company’s stock valued at $29,000 after acquiring an additional 192 shares in the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al raised its stake in Astronics by 47.4% during the 4th quarter. VIRGINIA RETIREMENT SYSTEMS ET Al now owns 25,650 shares of the aerospace company’s stock valued at $1,391,000 after acquiring an additional 8,250 shares in the last quarter. Versor Investments LP bought a new stake in Astronics during the 4th quarter valued at $353,000. Finally, Pier 88 Investment Partners LLC raised its stake in Astronics by 20.1% during the 4th quarter. Pier 88 Investment Partners LLC now owns 17,330 shares of the aerospace company’s stock valued at $940,000 after acquiring an additional 2,900 shares in the last quarter. Institutional investors own 56.68% of the company’s stock.

Analyst Ratings Changes

Several brokerages have weighed in on ATRO. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Astronics in a research note on Monday, April 20th. Zacks Research downgraded Astronics from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, May 13th. Truist Financial upgraded Astronics to a “strong-buy” rating in a report on Monday, May 4th. Finally, Wall Street Zen raised Astronics from a “buy” rating to a “strong-buy” rating in a research note on Saturday, February 28th. Two research analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $77.33.

Astronics Price Performance

NASDAQ:ATRO opened at $79.89 on Friday. The business’s 50-day moving average price is $72.77 and its 200 day moving average price is $66.76. The firm has a market cap of $2.85 billion, a P/E ratio of 67.70 and a beta of 1.10. Astronics Corporation has a 52-week low of $27.27 and a 52-week high of $86.27. The company has a quick ratio of 1.63, a current ratio of 2.97 and a debt-to-equity ratio of 2.07.

Astronics (NASDAQ:ATRO) last released its earnings results on Tuesday, May 12th. The aerospace company reported $0.59 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.55 by $0.04. The firm had revenue of $230.62 million for the quarter, compared to analyst estimates of $225.52 million. Astronics had a return on equity of 49.34% and a net margin of 5.12%.Astronics’s revenue was up 12.0% compared to the same quarter last year. During the same period in the previous year, the company earned $0.44 earnings per share. As a group, sell-side analysts predict that Astronics Corporation will post 2.65 earnings per share for the current fiscal year.

About Astronics

Astronics Corporation (NASDAQ: ATRO) is a global leader in the design and manufacture of advanced technologies primarily for the aerospace, defense and semiconductor industries. Headquartered in East Aurora, New York, the company was founded in 1968 and has grown through a combination of internal development and strategic acquisitions. Astronics operates multiple business units focused on power conversion, distribution and control; cabin electronics and connectivity; aircraft lighting and safety solutions; and automated test systems.

The company’s aerospace products include onboard power generation and management systems, in-flight entertainment and connectivity hardware, LED and fluorescent lighting for aircraft cabins and cockpits, and safety equipment such as escape slide power units.