1 week Ago By Defense World Staff
Legal & General Group Plc increased its holdings in shares of Astronics Co. (NASDAQ:ATRO – Free Report) by 2.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission.
The institutional investor owned 68,426 shares of the aerospace company’s stock after purchasing an additional 1,770 shares during the quarter. Legal & General Group Plc owned approximately 0.19% of Astronics worth $1,092,000 at the end of the most recent reporting period.
Several other institutional investors have also recently made changes to their positions in ATRO. AlphaQuest LLC grew its position in shares of Astronics by 355.5% during the fourth quarter.
AlphaQuest LLC now owns 3,576 shares of the aerospace company’s stock worth $57,000 after purchasing an additional 2,791 shares in the last quarter. KLP Kapitalforvaltning AS purchased a new position in Astronics during the 4th quarter valued at approximately $73,000. Arcadia Investment Management Corp MI bought a new stake in Astronics in the 4th quarter worth approximately $135,000.
Victory Capital Management Inc. bought a new stake in Astronics in the 4th quarter worth approximately $178,000. Finally, Polymer Capital Management US LLC bought a new stake in Astronics in the 4th quarter worth approximately $190,000.
Hedge funds and other institutional investors own 56.68% of the company’s stock. Insider Activity at AstronicsIn other Astronics news, Director Robert S.
Keane sold 77,099 shares of the company’s stock in a transaction on Friday, March 7th. The stock was sold at an average price of $24.55, for a total value of $1,892,780.
45. Following the completion of the sale, the director now directly owns 6,346 shares in the company, valued at approximately $155,794.30.
This represents a 92.39 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
10.86% of the stock is owned by company insiders. Analyst Ratings ChangesA number of analysts have issued reports on ATRO shares.
Truist Financial reduced their price objective on Astronics from $23.00 to $21.00 and set a “hold” rating on the stock in a research note on Thursday, April 17th.
StockNews.com raised Astronics from a “hold” rating to a “buy” rating in a research note on Thursday, March 6th.Check Out Our Latest Report on ATROAstronics Price PerformanceShares of Astronics stock opened at $21.
87 on Monday. The stock has a market cap of $771.33 million, a price-to-earnings ratio of -115.
10 and a beta of 1.26. The company has a debt-to-equity ratio of 0.
72, a quick ratio of 1.46 and a current ratio of 2.83.
The stock has a 50 day moving average price of $22.77 and a 200-day moving average price of $19.21.
Astronics Co. has a one year low of $14.13 and a one year high of $26.
63. Astronics (NASDAQ:ATRO – Get Free Report) last announced its earnings results on Tuesday, March 4th. The aerospace company reported $0.
48 EPS for the quarter, topping analysts’ consensus estimates of $0.21 by $0.27.
The firm had revenue of $208.54 million during the quarter, compared to analysts’ expectations of $194.91 million.
Astronics had a positive return on equity of 6.94% and a negative net margin of 0.82%.
During the same quarter in the previous year, the business earned $0.35 EPS. Equities analysts expect that Astronics Co.
will post 0.82 EPS for the current year. Astronics Profile (Free Report)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.See AlsoFive stocks we like better than AstronicsInvesting in Construction StocksTexas Instruments: Earnings Beat, Upbeat Guidance Fuel RecoveryAbout the Markup CalculatorO’Reilly Automotive: An Anytime Buy for Buy-and-Hold InvestorsHow to Calculate Inflation RateChipotle Mexican Grill Serves Smoking Hot Entry Point in Q2.
