Astronics Corporation $ATRO Shares Sold by Royce & Associates LP

Royce & Associates LP decreased its position in shares of Astronics Corporation (NASDAQ:ATRO) by 13.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 520,597 shares of the aerospace company’s stock after selling 84,180 shares during the quarter. Royce & Associates LP owned 1.46% of Astronics worth $28,237,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Allworth Financial LP grew its stake in shares of Astronics by 57.1% during the 4th quarter. Allworth Financial LP now owns 528 shares of the aerospace company’s stock worth $29,000 after purchasing an additional 192 shares during the period. IFP Advisors Inc grew its stake in shares of Astronics by 389.6% during the 3rd quarter. IFP Advisors Inc now owns 563 shares of the aerospace company’s stock worth $26,000 after purchasing an additional 448 shares during the period. Leonteq Securities AG acquired a new stake in shares of Astronics during the 4th quarter worth approximately $33,000. Jones Financial Companies Lllp grew its stake in shares of Astronics by 166.7% during the 3rd quarter. Jones Financial Companies Lllp now owns 752 shares of the aerospace company’s stock worth $34,000 after purchasing an additional 470 shares during the period. Finally, EverSource Wealth Advisors LLC grew its stake in shares of Astronics by 147.6% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 894 shares of the aerospace company’s stock worth $30,000 after purchasing an additional 533 shares during the period. Institutional investors and hedge funds own 56.68% of the company’s stock.

Astronics Stock Performance

Shares of ATRO stock opened at $80.86 on Tuesday. The stock’s fifty day moving average is $73.19 and its two-hundred day moving average is $67.22. The company has a debt-to-equity ratio of 2.07, a quick ratio of 1.63 and a current ratio of 2.97. The firm has a market capitalization of $2.90 billion, a P/E ratio of 68.53 and a beta of 1.10. Astronics Corporation has a fifty-two week low of $27.27 and a fifty-two week high of $86.27.

Astronics (NASDAQ:ATRO) last announced its quarterly earnings data on Tuesday, May 12th. The aerospace company reported $0.59 earnings per share for the quarter, beating analysts’ consensus estimates of $0.55 by $0.04. The company 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%.The firm’s revenue for the quarter was up 12.0% on a year-over-year basis. During the same quarter last year, the firm posted $0.44 EPS. Research analysts expect that Astronics Corporation will post 2.68 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on ATRO. Zacks Research cut shares of Astronics from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, May 13th. Truist Financial raised shares of Astronics to a “strong-buy” rating in a research note on Monday, May 4th. Weiss Ratings reissued a “sell (d-)” rating on shares of Astronics in a research note on Monday, April 20th. Finally, Wall Street Zen raised shares of Astronics from a “buy” rating to a “strong-buy” rating in a research note on Saturday, February 28th. Two analysts have rated the stock with a Strong Buy rating, two have given a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $77.33.

Astronics Company Profile

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.