First Trust Advisors LP grew its position in Astronics Co. (NASDAQ:ATRO) by 19.9% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 28,979 shares of the aerospace company’s stock after buying an additional 4,801 shares during the quarter. First Trust Advisors LP owned 0.10% of Astronics worth $1,042,000 at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in ATRO. SG Americas Securities LLC increased its position in shares of Astronics by 6.8% in the first quarter. SG Americas Securities LLC now owns 26,681 shares of the aerospace company’s stock valued at $995,000 after buying an additional 1,691 shares in the last quarter. Swiss National Bank increased its position in shares of Astronics by 4.1% in the first quarter. Swiss National Bank now owns 37,700 shares of the aerospace company’s stock valued at $1,406,000 after buying an additional 1,500 shares in the last quarter. Schwab Charles Investment Management Inc. increased its position in shares of Astronics by 3.1% in the first quarter. Schwab Charles Investment Management Inc. now owns 106,069 shares of the aerospace company’s stock valued at $3,957,000 after buying an additional 3,188 shares in the last quarter. Aperio Group LLC increased its position in shares of Astronics by 21.2% in the first quarter. Aperio Group LLC now owns 8,263 shares of the aerospace company’s stock valued at $308,000 after buying an additional 1,444 shares in the last quarter. Finally, BlackRock Inc. increased its position in shares of Astronics by 4.7% in the first quarter. BlackRock Inc. now owns 2,463,572 shares of the aerospace company’s stock valued at $91,891,000 after buying an additional 111,431 shares in the last quarter. Institutional investors and hedge funds own 71.14% of the company’s stock.

ATRO opened at $43.32 on Tuesday. The company has a current ratio of 3.05, a quick ratio of 1.68 and a debt-to-equity ratio of 0.75. The firm has a market cap of $1.22 billion, a P/E ratio of 43.86, a P/E/G ratio of 2.72 and a beta of 1.93. Astronics Co. has a 52 week low of $28.12 and a 52 week high of $49.45.

Astronics (NASDAQ:ATRO) last posted its quarterly earnings data on Friday, August 3rd. The aerospace company reported $0.49 EPS for the quarter, beating analysts’ consensus estimates of $0.40 by $0.09. The business had revenue of $208.60 million for the quarter, compared to analyst estimates of $195.91 million. Astronics had a return on equity of 10.28% and a net margin of 2.50%. The business’s revenue for the quarter was up 38.1% compared to the same quarter last year. During the same quarter last year, the company earned $0.26 earnings per share. equities analysts predict that Astronics Co. will post 1.6 earnings per share for the current fiscal year.

In other Astronics news, CEO Peter J. Gundermann sold 47,322 shares of the firm’s stock in a transaction dated Friday, August 3rd. The stock was sold at an average price of $45.00, for a total value of $2,129,490.00. Following the sale, the chief executive officer now directly owns 54,743 shares of the company’s stock, valued at approximately $2,463,435. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider James S. Kramer sold 11,800 shares of the firm’s stock in a transaction dated Wednesday, August 22nd. The stock was sold at an average price of $46.02, for a total value of $543,036.00. Following the completion of the sale, the insider now directly owns 42,003 shares in the company, valued at $1,932,978.06. The disclosure for this sale can be found here. 16.57% of the stock is owned by company insiders.

A number of research analysts have recently weighed in on ATRO shares. ValuEngine upgraded Astronics from a “hold” rating to a “buy” rating in a research report on Thursday, July 19th. BidaskClub upgraded Astronics from a “hold” rating to a “buy” rating in a research report on Thursday, August 9th. Canaccord Genuity restated a “hold” rating and issued a $41.00 price target on shares of Astronics in a research report on Friday, August 3rd. Finally, Zacks Investment Research raised Astronics from a “sell” rating to a “hold” rating in a research note on Wednesday, August 8th. Four investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Astronics presently has a consensus rating of “Hold” and a consensus target price of $42.75.

About Astronics

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.

Read More: What are the Benefits of Index Funds?

Institutional Ownership by Quarter for Astronics (NASDAQ:ATRO)

Receive News & Ratings for Astronics Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Astronics and related companies with MarketBeat.com's FREE daily email newsletter.