Scout Investments Inc. grew its position in shares of Astronics Co. (NASDAQ:ATRO) by 19.2% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 137,547 shares of the aerospace company’s stock after purchasing an additional 22,194 shares during the quarter. Scout Investments Inc. owned approximately 0.43% of Astronics worth $4,188,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the company. Carillon Tower Advisers Inc. increased its holdings in Astronics by 2.0% in the 3rd quarter. Carillon Tower Advisers Inc. now owns 108,902 shares of the aerospace company’s stock worth $4,737,000 after acquiring an additional 2,113 shares in the last quarter. California Public Employees Retirement System increased its holdings in Astronics by 13.9% in the 2nd quarter. California Public Employees Retirement System now owns 21,529 shares of the aerospace company’s stock worth $774,000 after acquiring an additional 2,629 shares in the last quarter. First Trust Advisors LP increased its holdings in Astronics by 19.9% in the 2nd quarter. First Trust Advisors LP now owns 28,979 shares of the aerospace company’s stock worth $1,042,000 after acquiring an additional 4,801 shares in the last quarter. Jane Street Group LLC purchased a new stake in Astronics in the 3rd quarter worth $230,000. Finally, MetLife Investment Advisors LLC increased its holdings in Astronics by 54.9% in the 3rd quarter. MetLife Investment Advisors LLC now owns 16,080 shares of the aerospace company’s stock worth $699,000 after acquiring an additional 5,698 shares in the last quarter. 57.56% of the stock is owned by hedge funds and other institutional investors.

In other news, EVP James S. Kramer sold 3,200 shares of the company’s stock in a transaction on Wednesday, November 21st. The shares were sold at an average price of $30.06, for a total transaction of $96,192.00. Following the completion of the sale, the executive vice president now owns 39,632 shares of the company’s stock, valued at $1,191,337.92. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 16.57% of the stock is owned by corporate insiders.

ATRO has been the subject of several recent analyst reports. TheStreet raised shares of Astronics from a “c+” rating to a “b-” rating in a report on Tuesday, October 9th. BidaskClub raised shares of Astronics from a “hold” rating to a “buy” rating in a report on Tuesday, December 18th. ValuEngine lowered shares of Astronics from a “buy” rating to a “hold” rating in a report on Friday, October 12th. Canaccord Genuity cut their price target on shares of Astronics from $44.00 to $38.00 and set a “hold” rating for the company in a report on Tuesday, October 16th. Finally, Zacks Investment Research raised shares of Astronics from a “hold” rating to a “buy” rating and set a $47.00 price target for the company in a report on Wednesday, October 3rd. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $41.33.

Astronics stock opened at $31.03 on Monday. Astronics Co. has a 52-week low of $27.56 and a 52-week high of $49.45. The firm has a market cap of $1.00 billion, a PE ratio of 24.82, a price-to-earnings-growth ratio of 1.81 and a beta of 1.78. The company has a quick ratio of 1.79, a current ratio of 3.11 and a debt-to-equity ratio of 0.70.

Astronics (NASDAQ:ATRO) last released its earnings results on Thursday, November 8th. The aerospace company reported $0.52 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.47 by $0.05. Astronics had a net margin of 3.71% and a return on equity of 13.19%. The business had revenue of $212.67 million during the quarter, compared to analyst estimates of $208.59 million. During the same quarter in the prior year, the firm earned $0.21 earnings per share. The company’s revenue for the quarter was up 42.1% compared to the same quarter last year. Equities research analysts anticipate that Astronics Co. will post 1.44 EPS for the current fiscal year.

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Astronics Company Profile

Astronics Corporation, through its subsidiaries, designs and manufactures products for the aerospace, defense, electronics, and semiconductor industries worldwide. It operates in two segments, Aerospace and Test Systems. The Aerospace segment offers lighting and safety systems; electrical power generation, distribution, and motions systems; aircraft structures; avionics products; system certification; and connectivity and other products.

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Institutional Ownership by Quarter for Astronics (NASDAQ:ATRO)

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