Astronics Corporation (ATRO) Position Lifted by Swiss National Bank

Swiss National Bank increased its position in shares of Astronics Corporation (NASDAQ:ATRO) by 12.8% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 36,200 shares of the aerospace company’s stock after acquiring an additional 4,100 shares during the quarter. Swiss National Bank owned about 0.13% of Astronics Corporation worth $1,103,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in ATRO. BNP Paribas Arbitrage SA boosted its stake in Astronics Corporation by 11.0% during the 1st quarter. BNP Paribas Arbitrage SA now owns 4,745 shares of the aerospace company’s stock worth $151,000 after acquiring an additional 472 shares during the last quarter. Legal & General Group Plc boosted its stake in Astronics Corporation by 12.0% during the 1st quarter. Legal & General Group Plc now owns 5,084 shares of the aerospace company’s stock worth $161,000 after acquiring an additional 543 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in Astronics Corporation by 37.9% during the 1st quarter. JPMorgan Chase & Co. now owns 7,534 shares of the aerospace company’s stock worth $239,000 after acquiring an additional 2,069 shares during the last quarter. Tudor Investment Corp ET AL bought a new position in Astronics Corporation during the 1st quarter worth approximately $240,000. Finally, Marshall Wace North America L.P. bought a new position in Astronics Corporation during the 2nd quarter worth approximately $294,000. 65.59% of the stock is currently owned by institutional investors and hedge funds.

Several research analysts recently weighed in on the stock. Zacks Investment Research lowered shares of Astronics Corporation from a “buy” rating to a “hold” rating in a research note on Wednesday, July 5th. BidaskClub lowered shares of Astronics Corporation from a “sell” rating to a “strong sell” rating in a research note on Monday, July 24th. SunTrust Banks, Inc. reissued a “hold” rating and set a $30.00 price objective on shares of Astronics Corporation in a research note on Thursday. Finally, Canaccord Genuity reduced their price objective on shares of Astronics Corporation from $40.00 to $34.00 and set a “buy” rating on the stock in a research note on Thursday, August 3rd. Two investment analysts have rated the stock with a sell rating, one has given a hold rating and one has given a buy rating to the stock. Astronics Corporation presently has an average rating of “Hold” and a consensus price target of $33.33.

Astronics Corporation (NASDAQ:ATRO) opened at 30.86 on Monday. Astronics Corporation has a 1-year low of $23.95 and a 1-year high of $41.03. The company has a market cap of $885.71 million, a price-to-earnings ratio of 22.39 and a beta of 1.16. The company’s 50-day moving average is $28.80 and its 200 day moving average is $29.66.

Astronics Corporation (NASDAQ:ATRO) last released its quarterly earnings data on Wednesday, August 2nd. The aerospace company reported $0.26 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.40 by ($0.14). The company had revenue of $151.11 million for the quarter, compared to analysts’ expectations of $162.33 million. Astronics Corporation had a net margin of 6.73% and a return on equity of 12.12%. The business’s quarterly revenue was down 8.1% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.50 EPS. On average, equities analysts predict that Astronics Corporation will post $1.41 EPS for the current fiscal year.

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A number of other institutional investors have also recently added to or reduced their stakes in ATRO. BNP Paribas Arbitrage SA boosted its stake in Astronics Corporation by 11.0% during the 1st quarter. BNP Paribas Arbitrage SA now owns 4,745 shares of the aerospace company’s stock worth $151,000 after acquiring an additional 472 shares during the last quarter. Legal & General Group Plc boosted its stake in Astronics Corporation by 12.0% during the 1st quarter. Legal & General Group Plc now owns 5,084 shares of the aerospace company’s stock worth $161,000 after acquiring an additional 543 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in Astronics Corporation by 37.9% during the 1st quarter. JPMorgan Chase & Co. now owns 7,534 shares of the aerospace company’s stock worth $239,000 after acquiring an additional 2,069 shares during the last quarter. Tudor Investment Corp ET AL bought a new position in Astronics Corporation during the 1st quarter worth approximately $240,000. Finally, Marshall Wace North America L.P. bought a new position in Astronics Corporation during the 2nd quarter worth approximately $294,000. 65.59% of the stock is currently owned by institutional investors and hedge funds.

Several research analysts recently weighed in on the stock. Zacks Investment Research lowered shares of Astronics Corporation from a “buy” rating to a “hold” rating in a research note on Wednesday, July 5th. BidaskClub lowered shares of Astronics Corporation from a “sell” rating to a “strong sell” rating in a research note on Monday, July 24th. SunTrust Banks, Inc. reissued a “hold” rating and set a $30.00 price objective on shares of Astronics Corporation in a research note on Thursday. Finally, Canaccord Genuity reduced their price objective on shares of Astronics Corporation from $40.00 to $34.00 and set a “buy” rating on the stock in a research note on Thursday, August 3rd. Two investment analysts have rated the stock with a sell rating, one has given a hold rating and one has given a buy rating to the stock. Astronics Corporation presently has an average rating of “Hold” and a consensus price target of $33.33.

Astronics Corporation (NASDAQ:ATRO) opened at 30.86 on Monday. Astronics Corporation has a 1-year low of $23.95 and a 1-year high of $41.03. The company has a market cap of $885.71 million, a price-to-earnings ratio of 22.39 and a beta of 1.16. The company’s 50-day moving average is $28.80 and its 200 day moving average is $29.66.

Astronics Corporation (NASDAQ:ATRO) last released its quarterly earnings data on Wednesday, August 2nd. The aerospace company reported $0.26 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.40 by ($0.14). The company had revenue of $151.11 million for the quarter, compared to analysts’ expectations of $162.33 million. Astronics Corporation had a net margin of 6.73% and a return on equity of 12.12%. The business’s quarterly revenue was down 8.1% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.50 EPS. On average, equities analysts predict that Astronics Corporation will post $1.41 EPS for the current fiscal year.

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Astronics Corporation 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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