California Public Employees Retirement System lowered its stake in shares of Astronics Corporation (NASDAQ:ATRO) by 15.6% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 17,900 shares of the aerospace company’s stock after selling 3,300 shares during the period. California Public Employees Retirement System’s holdings in Astronics Corporation were worth $568,000 as of its most recent filing with the SEC.

Other hedge funds also recently added to or reduced their stakes in the company. BNP Paribas Arbitrage SA raised its stake in Astronics Corporation by 11.0% in the first quarter. BNP Paribas Arbitrage SA now owns 4,745 shares of the aerospace company’s stock valued at $151,000 after buying an additional 472 shares during the last quarter. Advisors Asset Management Inc. raised its stake in Astronics Corporation by 16.5% in the first quarter. Advisors Asset Management Inc. now owns 7,310 shares of the aerospace company’s stock valued at $232,000 after buying an additional 1,038 shares during the last quarter. JPMorgan Chase & Co. raised its stake in Astronics Corporation by 37.9% in the first quarter. JPMorgan Chase & Co. now owns 7,534 shares of the aerospace company’s stock valued at $239,000 after buying an additional 2,069 shares during the last quarter. American International Group Inc. raised its stake in Astronics Corporation by 7.1% in the first quarter. American International Group Inc. now owns 11,895 shares of the aerospace company’s stock valued at $377,000 after buying an additional 790 shares during the last quarter. Finally, Mesirow Financial Investment Management Equity Management raised its stake in Astronics Corporation by 44.2% in the first quarter. Mesirow Financial Investment Management Equity Management now owns 12,698 shares of the aerospace company’s stock valued at $402,000 after buying an additional 3,890 shares during the last quarter. Institutional investors own 63.76% of the company’s stock.

Astronics Corporation (ATRO) traded up 0.11% during mid-day trading on Monday, reaching $26.21. The company’s stock had a trading volume of 31,483 shares. Astronics Corporation has a 12-month low of $23.95 and a 12-month high of $41.03. The stock has a market cap of $752.25 million, a price-to-earnings ratio of 19.02 and a beta of 1.13. The firm’s 50 day moving average price is $28.70 and its 200 day moving average price is $30.76.

Astronics Corporation (NASDAQ:ATRO) last posted its earnings results on Wednesday, August 2nd. The aerospace company reported $0.26 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 business had revenue of $151.11 million during the quarter, compared to analysts’ expectations of $162.33 million. During the same quarter in the prior year, the firm earned $0.50 EPS. Astronics Corporation’s revenue for the quarter was down 8.1% compared to the same quarter last year. On average, equities analysts predict that Astronics Corporation will post $1.42 earnings per share for the current year.

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Several analysts recently weighed in on the company. Zacks Investment Research lowered Astronics Corporation from a “buy” rating to a “hold” rating in a report on Wednesday, July 5th. BidaskClub lowered Astronics Corporation from a “sell” rating to a “strong sell” rating in a report on Monday, July 24th. TheStreet upgraded Astronics Corporation from a “c+” rating to a “b-” rating in a report on Thursday, May 4th. Finally, Canaccord Genuity decreased their price target on Astronics Corporation from $40.00 to $34.00 and set a “buy” rating on the stock in a report on Thursday, August 3rd. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating and one has given a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $34.33.

Astronics Corporation Company Profile

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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