Royal Bank of Canada grew its holdings in Astronics Corporation (NASDAQ:ATRO) by 5.5% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 1,519,555 shares of the aerospace company’s stock after purchasing an additional 79,281 shares during the period. Royal Bank of Canada owned approximately 5.34% of Astronics Corporation worth $46,301,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of ATRO. Nationwide Fund Advisors increased its stake in shares of Astronics Corporation by 1.8% in the 1st quarter. Nationwide Fund Advisors now owns 27,030 shares of the aerospace company’s stock valued at $858,000 after purchasing an additional 475 shares during the last quarter. First Trust Advisors LP increased its stake in shares of Astronics Corporation by 104.7% in the 1st quarter. First Trust Advisors LP now owns 58,424 shares of the aerospace company’s stock valued at $1,854,000 after purchasing an additional 29,882 shares during the last quarter. Bank of New York Mellon Corp increased its stake in shares of Astronics Corporation by 2.0% in the 1st quarter. Bank of New York Mellon Corp now owns 98,920 shares of the aerospace company’s stock valued at $3,139,000 after purchasing an additional 1,915 shares during the last quarter. BNP Paribas Arbitrage SA increased its stake in shares of Astronics Corporation by 11.0% in the 1st quarter. BNP Paribas Arbitrage SA now owns 4,745 shares of the aerospace company’s stock valued at $151,000 after purchasing an additional 472 shares during the last quarter. Finally, JPMorgan Chase & Co. increased its stake in shares of Astronics Corporation by 37.9% in the 1st quarter. JPMorgan Chase & Co. now owns 7,534 shares of the aerospace company’s stock valued at $239,000 after purchasing an additional 2,069 shares during the last quarter. Institutional investors own 65.59% of the company’s stock.

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ATRO has been the topic of several recent analyst reports. Canaccord Genuity reiterated a “buy” rating and issued a $36.00 price target on shares of Astronics Corporation in a research note on Thursday. Zacks Investment Research upgraded Astronics Corporation from a “hold” rating to a “buy” rating and set a $34.00 price target on the stock in a research note on Tuesday, July 4th. Finally, BidaskClub lowered Astronics Corporation from a “sell” rating to a “strong sell” rating in a research note on Monday, July 24th. Two investment analysts have rated the stock with a sell rating, one has assigned a hold rating and one has given a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $35.00.

Astronics Corporation (NASDAQ:ATRO) opened at 31.52 on Friday. The company has a market cap of $904.66 million, a price-to-earnings ratio of 22.87 and a beta of 1.17. Astronics Corporation has a 52 week low of $23.95 and a 52 week high of $41.03. The stock has a 50 day moving average price of $27.90 and a 200 day moving average price of $29.62.

Astronics Corporation (NASDAQ:ATRO) last released its quarterly earnings results on Wednesday, August 2nd. The aerospace company reported $0.26 earnings per share for the quarter, missing the consensus estimate of $0.40 by ($0.14). The firm had revenue of $151.11 million during the quarter, compared to the consensus estimate of $162.33 million. Astronics Corporation had a return on equity of 12.12% and a net margin of 6.73%. The company’s revenue for the quarter was down 8.1% compared to the same quarter last year. During the same period in the previous year, the company posted $0.50 EPS. On average, equities analysts forecast that Astronics Corporation will post $1.42 earnings per share for the current year.

Astronics Corporation 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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Institutional Ownership by Quarter for Astronics Corporation (NASDAQ:ATRO)

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