Astronics Co. (NASDAQ:ATRO) Shares Bought by SG Americas Securities LLC

SG Americas Securities LLC raised its stake in Astronics Co. (NASDAQ:ATRO) by 115.4% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 11,387 shares of the aerospace company’s stock after purchasing an additional 6,101 shares during the quarter. SG Americas Securities LLC’s holdings in Astronics were worth $222,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the stock. Vanguard Group Inc. raised its stake in shares of Astronics by 1.6% in the 1st quarter. Vanguard Group Inc. now owns 1,448,121 shares of the aerospace company’s stock valued at $27,572,000 after acquiring an additional 23,444 shares during the period. Bares Capital Management Inc. raised its stake in shares of Astronics by 10.4% in the 1st quarter. Bares Capital Management Inc. now owns 899,351 shares of the aerospace company’s stock valued at $17,124,000 after acquiring an additional 84,659 shares during the period. Dimensional Fund Advisors LP raised its stake in shares of Astronics by 4.8% in the 2nd quarter. Dimensional Fund Advisors LP now owns 888,942 shares of the aerospace company’s stock valued at $17,806,000 after acquiring an additional 40,438 shares during the period. Senator Investment Group LP raised its stake in shares of Astronics by 7.3% in the 1st quarter. Senator Investment Group LP now owns 545,754 shares of the aerospace company’s stock valued at $10,391,000 after acquiring an additional 36,980 shares during the period. Finally, First Eagle Investment Management LLC raised its stake in shares of Astronics by 8.5% in the 2nd quarter. First Eagle Investment Management LLC now owns 391,426 shares of the aerospace company’s stock valued at $7,840,000 after acquiring an additional 30,550 shares during the period. Institutional investors and hedge funds own 56.68% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Truist Financial cut their target price on shares of Astronics from $22.00 to $20.00 and set a “hold” rating on the stock in a research note on Friday, October 18th.

Astronics Stock Down 1.1 %

Shares of NASDAQ ATRO opened at $18.62 on Wednesday. The company has a debt-to-equity ratio of 0.67, a quick ratio of 1.50 and a current ratio of 2.92. Astronics Co. has a 1 year low of $14.11 and a 1 year high of $23.74. The stock’s 50-day simple moving average is $19.96 and its 200-day simple moving average is $19.62. The firm has a market cap of $648.76 million, a price-to-earnings ratio of -24.18 and a beta of 1.82.

Astronics (NASDAQ:ATRO) last issued its quarterly earnings results on Thursday, August 1st. The aerospace company reported $0.04 EPS for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.13). The business had revenue of $198.11 million during the quarter, compared to analysts’ expectations of $191.19 million. Astronics had a negative net margin of 1.57% and a negative return on equity of 0.31%. During the same period in the prior year, the company posted ($0.37) EPS. As a group, equities analysts anticipate that Astronics Co. will post 0.36 earnings per share for the current fiscal year.

About Astronics

Astronics Corporation, through its subsidiaries, designs and manufactures products for the aerospace, defense, and electronics industries in the United States, rest of North America, Asia, Europe, South America, and internationally. The company operates in two segments, Aerospace and Test Systems. The Aerospace segment offers lighting and safety systems, electrical power generation systems, distribution and seat motions systems, aircraft structures, avionics products, system certification, and other products.