Astronics Co. (ATRO) Shares Sold by GSA Capital Partners LLP
GSA Capital Partners LLP lessened its position in shares of Astronics Co. (NASDAQ:ATRO) by 17.3% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 54,639 shares of the aerospace company’s stock after selling 11,428 shares during the quarter. GSA Capital Partners LLP owned 0.19% of Astronics worth $1,626,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently bought and sold shares of ATRO. FMR LLC grew its stake in Astronics by 46.5% during the 2nd quarter. FMR LLC now owns 2,028,637 shares of the aerospace company’s stock valued at $61,813,000 after purchasing an additional 643,968 shares during the last quarter. Paradice Investment Management LLC purchased a new stake in Astronics during the 3rd quarter valued at about $14,771,000. International Value Advisers LLC purchased a new stake in Astronics during the 3rd quarter valued at about $12,133,000. Sei Investments Co. grew its stake in Astronics by 7,291,550.0% during the 3rd quarter. Sei Investments Co. now owns 145,833 shares of the aerospace company’s stock valued at $8,953,000 after purchasing an additional 145,831 shares during the last quarter. Finally, State Street Corp grew its stake in Astronics by 24.7% during the 2nd quarter. State Street Corp now owns 641,261 shares of the aerospace company’s stock valued at $19,543,000 after purchasing an additional 127,165 shares during the last quarter. Institutional investors and hedge funds own 65.77% of the company’s stock.
A number of analysts have recently commented on ATRO shares. Dougherty & Co upped their target price on Astronics from $40.00 to $45.00 and gave the stock a “buy” rating in a research note on Monday, December 4th. SunTrust Banks restated a “hold” rating and issued a $30.00 target price on shares of Astronics in a research note on Thursday, October 12th. Canaccord Genuity restated a “buy” rating and issued a $36.00 target price on shares of Astronics in a research note on Thursday, October 5th. Zacks Investment Research upgraded Astronics from a “sell” rating to a “hold” rating in a research note on Friday, November 10th. Finally, BidaskClub downgraded Astronics from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, December 12th. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Astronics currently has a consensus rating of “Buy” and a consensus target price of $40.00.
Shares of Astronics Co. (NASDAQ ATRO) opened at $42.17 on Tuesday. Astronics Co. has a one year low of $23.95 and a one year high of $44.19. The company has a quick ratio of 1.57, a current ratio of 3.07 and a debt-to-equity ratio of 0.52. The company has a market capitalization of $1,156.44, a PE ratio of 35.00, a PEG ratio of 3.21 and a beta of 1.09.
Astronics (NASDAQ:ATRO) last issued its earnings results on Tuesday, November 7th. The aerospace company reported $0.21 EPS for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.14). Astronics had a return on equity of 10.29% and a net margin of 5.80%. The company had revenue of $149.64 million during the quarter, compared to analysts’ expectations of $154.90 million. During the same quarter in the previous year, the company earned $0.41 EPS. The firm’s quarterly revenue was down 3.5% compared to the same quarter last year. research analysts expect that Astronics Co. will post 1.29 EPS for the current fiscal year.
Astronics declared that its board has authorized a share repurchase program on Monday, December 18th that allows the company to repurchase $50.00 million in shares. This repurchase authorization allows the aerospace company to reacquire shares of its stock through open market purchases. Shares repurchase programs are often a sign that the company’s management believes its stock is undervalued.
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Astronics 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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