Astronics Co. (NASDAQ:ATRO) Shares Sold by Teton Advisors Inc.

Teton Advisors Inc. cut its stake in Astronics Co. (NASDAQ:ATRO) by 9.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 198,000 shares of the aerospace company’s stock after selling 20,000 shares during the period. Astronics accounts for approximately 1.1% of Teton Advisors Inc.’s investment portfolio, making the stock its 21st largest holding. Teton Advisors Inc. owned 0.58% of Astronics worth $3,449,000 at the end of the most recent reporting period.

A number of other hedge funds also recently added to or reduced their stakes in the stock. SG Americas Securities LLC bought a new stake in shares of Astronics during the third quarter valued at approximately $185,000. Jump Financial LLC grew its stake in shares of Astronics by 24.1% in the third quarter. Jump Financial LLC now owns 21,708 shares of the aerospace company’s stock worth $344,000 after purchasing an additional 4,220 shares in the last quarter. RiverPark Advisors LLC acquired a new position in shares of Astronics during the third quarter valued at $75,000. Swiss National Bank raised its stake in shares of Astronics by 1.8% during the third quarter. Swiss National Bank now owns 55,200 shares of the aerospace company’s stock valued at $875,000 after purchasing an additional 1,000 shares in the last quarter. Finally, Lewis Capital Management LLC lifted its holdings in Astronics by 4.0% in the third quarter. Lewis Capital Management LLC now owns 334,737 shares of the aerospace company’s stock worth $5,309,000 after purchasing an additional 13,004 shares during the period. 56.68% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms have commented on ATRO. StockNews.com upgraded shares of Astronics from a “hold” rating to a “buy” rating in a research report on Thursday, February 29th. Truist Financial lifted their price target on Astronics from $18.00 to $21.00 and gave the company a “hold” rating in a research report on Friday, March 1st.

Insider Activity

In related news, EVP Michael C. Kuehn sold 2,209 shares of Astronics stock in a transaction dated Thursday, February 29th. The stock was sold at an average price of $20.16, for a total value of $44,533.44. Following the transaction, the executive vice president now owns 14,248 shares of the company’s stock, valued at approximately $287,239.68. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In related news, EVP Michael C. Kuehn sold 7,074 shares of the company’s stock in a transaction on Thursday, March 14th. The stock was sold at an average price of $17.72, for a total transaction of $125,351.28. Following the transaction, the executive vice president now directly owns 12,875 shares of the company’s stock, valued at $228,145. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Michael C. Kuehn sold 2,209 shares of the stock in a transaction dated Thursday, February 29th. The stock was sold at an average price of $20.16, for a total value of $44,533.44. Following the completion of the sale, the executive vice president now directly owns 14,248 shares of the company’s stock, valued at $287,239.68. The disclosure for this sale can be found here. 10.83% of the stock is currently owned by company insiders.

Astronics Price Performance

Shares of NASDAQ:ATRO traded up $0.08 during trading hours on Monday, hitting $16.66. 75,700 shares of the company’s stock traded hands, compared to its average volume of 126,801. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.38 and a current ratio of 2.72. The company’s fifty day simple moving average is $17.87 and its two-hundred day simple moving average is $16.88. Astronics Co. has a 52 week low of $14.06 and a 52 week high of $22.44. The company has a market cap of $575.10 million, a price-to-earnings ratio of -20.32 and a beta of 1.62.

Astronics (NASDAQ:ATRO) last posted its quarterly earnings results on Wednesday, February 28th. The aerospace company reported $0.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.12 by $0.08. Astronics had a negative net margin of 3.83% and a negative return on equity of 6.53%. The firm had revenue of $195.29 million for the quarter, compared to analyst estimates of $188.35 million. As a group, equities analysts anticipate that Astronics Co. will post 0.71 EPS for the current fiscal year.

About Astronics

Astronics Corporation, through its subsidiaries, designs and manufactures products for the aerospace, defense, and electronics industries in the United States, rest of North America, Asia, Europe, South America, and internationally. The company operates in two segments, Aerospace and Test Systems. The Aerospace segment offers lighting and safety systems, electrical power generation systems, distribution and seat motions systems, aircraft structures, avionics products, system certification, and other products.