Reinhart Partners Inc. raised its stake in Astronics Co. (NASDAQ:ATRO) by 38.0% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 164,128 shares of the aerospace company’s stock after purchasing an additional 45,171 shares during the period. Reinhart Partners Inc.’s holdings in Astronics were worth $5,370,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of ATRO. First Interstate Bank grew its holdings in shares of Astronics by 17.5% during the fourth quarter. First Interstate Bank now owns 3,555 shares of the aerospace company’s stock valued at $108,000 after buying an additional 530 shares during the last quarter. Legal & General Group Plc boosted its holdings in Astronics by 23.7% during the fourth quarter. Legal & General Group Plc now owns 4,015 shares of the aerospace company’s stock worth $122,000 after purchasing an additional 770 shares during the last quarter. Mesirow Financial Investment Management Inc. boosted its holdings in Astronics by 9.7% during the first quarter. Mesirow Financial Investment Management Inc. now owns 11,856 shares of the aerospace company’s stock worth $388,000 after purchasing an additional 1,053 shares during the last quarter. CNB Bank purchased a new position in Astronics during the fourth quarter worth about $33,000. Finally, Bronfman E.L. Rothschild L.P. boosted its holdings in Astronics by 7.5% during the fourth quarter. Bronfman E.L. Rothschild L.P. now owns 21,783 shares of the aerospace company’s stock worth $663,000 after purchasing an additional 1,516 shares during the last quarter. 66.74% of the stock is owned by hedge funds and other institutional investors.

Astronics stock opened at $32.54 on Wednesday. Astronics Co. has a fifty-two week low of $27.56 and a fifty-two week high of $46.56. The stock has a market cap of $1.09 billion, a P/E ratio of 23.08, a PEG ratio of 1.95 and a beta of 1.82. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.84 and a current ratio of 2.92.

Astronics (NASDAQ:ATRO) last released its quarterly earnings results on Thursday, February 21st. The aerospace company reported $0.37 earnings per share for the quarter, topping the consensus estimate of $0.34 by $0.03. Astronics had a net margin of 5.83% and a return on equity of 12.95%. The business had revenue of $202.92 million for the quarter, compared to analysts’ expectations of $195.09 million. During the same period in the previous year, the company earned ($0.18) earnings per share. The firm’s revenue for the quarter was up 18.4% compared to the same quarter last year. As a group, research analysts anticipate that Astronics Co. will post 1.71 earnings per share for the current year.

ATRO has been the topic of several analyst reports. BidaskClub cut shares of Astronics from a “buy” rating to a “hold” rating in a report on Wednesday, March 6th. Zacks Investment Research cut shares of Astronics from a “hold” rating to a “sell” rating in a report on Thursday, January 3rd. Three research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $37.00.

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Astronics Company Profile

Astronics Corporation, through its subsidiaries, designs and manufactures products for the aerospace, defense, electronics, and semiconductor industries worldwide. It operates in two segments, Aerospace and Test Systems. The Aerospace segment offers lighting and safety systems; electrical power generation, distribution, and motions systems; aircraft structures; avionics products; system certification; and connectivity and other products.

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Institutional Ownership by Quarter for Astronics (NASDAQ:ATRO)

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