Citadel Advisors LLC Buys 5,038 Shares of Astronics Corporation (ATRO)
Citadel Advisors LLC increased its stake in Astronics Corporation (NASDAQ:ATRO) by 9.5% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 57,800 shares of the aerospace company’s stock after acquiring an additional 5,038 shares during the period. Citadel Advisors LLC owned about 0.20% of Astronics Corporation worth $1,761,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Scout Investments Inc. purchased a new stake in Astronics Corporation during the 2nd quarter valued at about $1,276,000. Bank of New York Mellon Corp grew its position in Astronics Corporation by 2.0% during the 1st quarter. Bank of New York Mellon Corp now owns 98,920 shares of the aerospace company’s stock worth $3,139,000 after acquiring an additional 1,915 shares during the last quarter. Teachers Advisors LLC grew its position in Astronics Corporation by 2.0% during the 1st quarter. Teachers Advisors LLC now owns 37,532 shares of the aerospace company’s stock worth $1,191,000 after acquiring an additional 732 shares during the last quarter. Geode Capital Management LLC grew its position in Astronics Corporation by 10.9% during the 1st quarter. Geode Capital Management LLC now owns 345,325 shares of the aerospace company’s stock worth $10,956,000 after acquiring an additional 34,078 shares during the last quarter. Finally, Tudor Investment Corp ET AL bought a new position in Astronics Corporation during the 1st quarter worth approximately $240,000. 65.59% of the stock is owned by institutional investors.
A number of equities analysts have commented on the company. Canaccord Genuity reaffirmed a “buy” rating and issued a $34.00 price target on shares of Astronics Corporation in a research note on Wednesday, August 16th. Zacks Investment Research raised Astronics Corporation from a “hold” rating to a “buy” rating and set a $34.00 price objective for the company in a research note on Tuesday, July 4th. TheStreet lowered Astronics Corporation from a “b-” rating to a “c+” rating in a research note on Wednesday, June 7th. Finally, BidaskClub cut shares of Astronics Corporation from a “sell” rating to a “strong sell” rating in a report on Monday, July 24th. Two equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and one has assigned a buy rating to the company. The company has an average rating of “Hold” and an average target price of $34.33.
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Astronics Corporation (ATRO) opened at 29.75 on Monday. The firm has a 50 day moving average of $26.62 and a 200-day moving average of $29.73. The stock has a market cap of $853.85 million, a PE ratio of 21.59 and a beta of 1.16. Astronics Corporation has a 52-week low of $23.95 and a 52-week high of $41.03.
Astronics Corporation (NASDAQ:ATRO) last issued its quarterly earnings results on Wednesday, August 2nd. The aerospace company reported $0.26 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.14). The company 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 firm’s quarterly revenue was down 8.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.50 earnings per share. Equities analysts anticipate that Astronics Corporation will post $1.42 earnings per share for the current fiscal year.
About Astronics Corporation
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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