Gamco Investors INC. ET AL maintained its position in shares of Astronics Corporation (NASDAQ:ATRO) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 19,100 shares of the aerospace company’s stock at the end of the second quarter. Gamco Investors INC. ET AL owned approximately 0.07% of Astronics Corporation worth $582,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in ATRO. Legal & General Group Plc increased its position in shares of Astronics Corporation by 10.7% in the second quarter. Legal & General Group Plc now owns 5,630 shares of the aerospace company’s stock valued at $172,000 after buying an additional 546 shares during the period. Bank of New York Mellon Corp increased its position in shares of Astronics Corporation by 2.6% in the second quarter. Bank of New York Mellon Corp now owns 101,491 shares of the aerospace company’s stock valued at $3,092,000 after buying an additional 2,571 shares during the period. SG Americas Securities LLC increased its position in shares of Astronics Corporation by 15.8% in the second quarter. SG Americas Securities LLC now owns 28,430 shares of the aerospace company’s stock valued at $866,000 after buying an additional 3,877 shares during the period. Olstein Capital Management L.P. increased its position in shares of Astronics Corporation by 8.7% in the second quarter. Olstein Capital Management L.P. now owns 94,780 shares of the aerospace company’s stock valued at $2,888,000 after buying an additional 7,606 shares during the period. Finally, New Amsterdam Partners LLC NY increased its position in shares of Astronics Corporation by 17.8% in the second quarter. New Amsterdam Partners LLC NY now owns 73,132 shares of the aerospace company’s stock valued at $2,228,000 after buying an additional 11,029 shares during the period. Hedge funds and other institutional investors own 64.71% of the company’s stock.

Astronics Corporation (NASDAQ:ATRO) opened at 26.33 on Thursday. Astronics Corporation has a one year low of $23.95 and a one year high of $41.03. The company has a 50-day moving average of $28.14 and a 200 day moving average of $30.52. The company has a market cap of $755.70 million, a P/E ratio of 19.11 and a beta of 1.13.

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

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Several research analysts recently commented on the stock. Canaccord Genuity reiterated a “buy” rating and issued a $34.00 target price on shares of Astronics Corporation in a report on Wednesday, August 16th. Zacks Investment Research downgraded shares of Astronics Corporation from a “hold” rating to a “strong sell” rating in a report on Friday, August 4th. BidaskClub downgraded shares of Astronics Corporation from a “sell” rating to a “strong sell” rating in a report on Monday, July 24th. Finally, TheStreet downgraded shares of Astronics Corporation from a “b-” rating to a “c+” rating in a report on Wednesday, June 7th. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating and one has issued a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $34.33.

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.

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

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