Sei Investments Co. raised its position in Astronics Co. (NASDAQ:ATRO) by 7,291,550.0% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 145,833 shares of the aerospace company’s stock after purchasing an additional 145,831 shares during the quarter. Sei Investments Co. owned 0.51% of Astronics worth $8,953,000 as of its most recent SEC filing.
Other large investors also recently modified their holdings of the company. FMR LLC lifted its stake in shares of Astronics by 46.5% during the second quarter. FMR LLC now owns 2,028,637 shares of the aerospace company’s stock worth $61,813,000 after buying an additional 643,968 shares during the period. Royal Bank of Canada increased its holdings in Astronics by 5.5% in the second quarter. Royal Bank of Canada now owns 1,519,555 shares of the aerospace company’s stock valued at $46,301,000 after buying an additional 79,281 shares in the last quarter. Vanguard Group Inc. increased its holdings in Astronics by 4.1% in the second quarter. Vanguard Group Inc. now owns 982,669 shares of the aerospace company’s stock valued at $29,942,000 after buying an additional 38,743 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in Astronics by 9.7% in the second quarter. Dimensional Fund Advisors LP now owns 753,832 shares of the aerospace company’s stock valued at $22,969,000 after buying an additional 66,950 shares in the last quarter. Finally, State Street Corp increased its holdings in Astronics by 24.7% in the second quarter. State Street Corp now owns 641,261 shares of the aerospace company’s stock valued at $19,543,000 after buying an additional 127,165 shares in the last quarter. 65.68% of the stock is currently owned by institutional investors and hedge funds.
In related news, Director Robert J. Mckenna sold 45,000 shares of the stock in a transaction on Tuesday, November 21st. The shares were sold at an average price of $39.00, for a total transaction of $1,755,000.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 16.45% of the stock is owned by corporate insiders.
A number of analysts have recently commented on ATRO shares. Dougherty & Co boosted their target price on shares of Astronics from $35.00 to $40.00 and gave the stock a “buy” rating in a research note on Wednesday, November 8th. SunTrust Banks restated a “hold” rating and set a $30.00 price target on shares of Astronics in a research report on Thursday, October 12th. Canaccord Genuity restated a “buy” rating and set a $36.00 price target on shares of Astronics in a research report on Thursday, October 5th. Finally, Zacks Investment Research upgraded shares of Astronics from a “sell” rating to a “hold” rating in a report on Friday, November 10th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the stock. Astronics currently has an average rating of “Hold” and an average target price of $38.50.
Shares of Astronics Co. (NASDAQ ATRO) traded up $0.53 on Wednesday, reaching $42.59. 124,581 shares of the company traded hands, compared to its average volume of 146,506. Astronics Co. has a 1 year low of $23.95 and a 1 year high of $43.14. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.57 and a current ratio of 3.07. The stock has a market cap of $1,177.44, a P/E ratio of 35.64, a P/E/G ratio of 2.18 and a beta of 1.09.
Astronics (NASDAQ:ATRO) last announced its quarterly earnings data on Tuesday, November 7th. The aerospace company reported $0.21 EPS for the quarter, missing the Zacks’ consensus estimate of $0.35 by ($0.14). Astronics had a net margin of 5.80% and a return on equity of 10.29%. The firm had revenue of $149.64 million during the quarter, compared to analysts’ expectations of $154.90 million. During the same period in the prior year, the company posted $0.41 earnings per share. The company’s revenue for the quarter was down 3.5% on a year-over-year basis. research analysts predict that Astronics Co. will post 1.29 earnings per share for the current year.
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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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