20,699 Shares in Astronics Co. (ATRO) Acquired by First Trust Advisors LP
First Trust Advisors LP acquired a new position in shares of Astronics Co. (NASDAQ:ATRO) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 20,699 shares of the aerospace company’s stock, valued at approximately $616,000. First Trust Advisors LP owned about 0.07% of Astronics at the end of the most recent quarter.
Several other large investors also recently modified their holdings of ATRO. Teachers Advisors LLC raised its position in Astronics by 2.0% in the 1st quarter. Teachers Advisors LLC now owns 37,532 shares of the aerospace company’s stock valued at $1,191,000 after purchasing an additional 732 shares during the last quarter. Legal & General Group Plc raised its position in Astronics by 12.0% in the 1st quarter. Legal & General Group Plc now owns 5,084 shares of the aerospace company’s stock valued at $161,000 after purchasing an additional 543 shares during the last quarter. Dimensional Fund Advisors LP raised its position in Astronics by 7.3% in the 1st quarter. Dimensional Fund Advisors LP now owns 686,882 shares of the aerospace company’s stock valued at $21,795,000 after purchasing an additional 47,004 shares during the last quarter. Morgan Stanley raised its position in Astronics by 21.2% in the 1st quarter. Morgan Stanley now owns 85,286 shares of the aerospace company’s stock valued at $2,707,000 after purchasing an additional 14,892 shares during the last quarter. Finally, Renaissance Technologies LLC purchased a new stake in Astronics in the 1st quarter valued at $2,386,000. Institutional investors and hedge funds own 65.68% of the company’s stock.
Astronics Co. (NASDAQ:ATRO) opened at $43.87 on Friday. The company has a debt-to-equity ratio of 0.52, a current ratio of 3.07 and a quick ratio of 1.57. The stock has a market cap of $1,260.00, a price-to-earnings ratio of 35.64, a price-to-earnings-growth ratio of 2.18 and a beta of 1.51. Astronics Co. has a 12 month low of $23.95 and a 12 month high of $43.94.
Astronics (NASDAQ:ATRO) last announced its quarterly earnings data on Tuesday, November 7th. The aerospace company reported $0.21 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.35 by ($0.14). The firm had revenue of $149.64 million during the quarter, compared to analyst estimates of $154.90 million. Astronics had a net margin of 5.80% and a return on equity of 10.29%. The business’s quarterly revenue was down 3.5% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.41 earnings per share. equities research analysts anticipate that Astronics Co. will post 1.29 earnings per share for the current fiscal year.
In other Astronics news, Director Robert J. Mckenna sold 45,000 shares of the business’s stock in a transaction on Tuesday, November 21st. The shares were sold at an average price of $39.00, for a total value of $1,755,000.00. The sale was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 16.45% of the company’s stock.
Several research firms recently commented on ATRO. Dougherty & Co upped their price target on shares of Astronics from $40.00 to $45.00 and gave the company a “buy” rating in a research report on Monday. SunTrust Banks reiterated a “hold” rating and issued a $35.00 price target on shares of Astronics in a research report on Friday, November 10th. Zacks Investment Research upgraded shares of Astronics from a “sell” rating to a “hold” rating in a research report on Friday, November 10th. Finally, Canaccord Genuity reiterated a “buy” rating and issued a $40.00 price target on shares of Astronics in a research report on Tuesday, November 7th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the company. Astronics has a consensus rating of “Hold” and a consensus target price of $38.50.
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Astronics 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.
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