13,424 Shares in Astronics Co. (NASDAQ:ATRO) Bought by Graham Capital Management L.P.

Graham Capital Management L.P. bought a new position in shares of Astronics Co. (NASDAQ:ATRO) in the 4th quarter, HoldingsChannel.com reports. The institutional investor bought 13,424 shares of the aerospace company’s stock, valued at approximately $214,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of ATRO. Royce & Associates LP lifted its holdings in Astronics by 18.7% in the fourth quarter. Royce & Associates LP now owns 1,150,355 shares of the aerospace company’s stock valued at $18,360,000 after buying an additional 181,619 shares during the period. Dimensional Fund Advisors LP raised its position in shares of Astronics by 6.2% in the 4th quarter. Dimensional Fund Advisors LP now owns 998,506 shares of the aerospace company’s stock worth $15,936,000 after acquiring an additional 58,149 shares in the last quarter. Schonfeld Strategic Advisors LLC lifted its stake in shares of Astronics by 58.7% in the 4th quarter. Schonfeld Strategic Advisors LLC now owns 881,504 shares of the aerospace company’s stock valued at $14,069,000 after purchasing an additional 325,904 shares during the period. Ameriprise Financial Inc. lifted its stake in shares of Astronics by 493.7% in the 4th quarter. Ameriprise Financial Inc. now owns 363,286 shares of the aerospace company’s stock valued at $5,798,000 after purchasing an additional 302,092 shares during the period. Finally, Renaissance Technologies LLC boosted its position in shares of Astronics by 139.3% during the 4th quarter. Renaissance Technologies LLC now owns 286,700 shares of the aerospace company’s stock valued at $4,576,000 after purchasing an additional 166,900 shares in the last quarter. 56.68% of the stock is owned by institutional investors and hedge funds.

Astronics Stock Down 0.1%

Astronics stock opened at $30.17 on Monday. The firm has a market capitalization of $1.06 billion, a price-to-earnings ratio of -158.78 and a beta of 1.44. The firm’s fifty day moving average price is $24.22 and its two-hundred day moving average price is $19.95. Astronics Co. has a 1-year low of $14.13 and a 1-year high of $30.31. The company has a current ratio of 2.83, a quick ratio of 1.46 and a debt-to-equity ratio of 0.72.

Astronics (NASDAQ:ATRO) last announced its quarterly earnings results on Tuesday, May 6th. The aerospace company reported $0.44 earnings per share for the quarter, beating the consensus estimate of $0.25 by $0.19. The business had revenue of $205.94 million for the quarter, compared to analysts’ expectations of $192.53 million. Astronics had a negative net margin of 0.82% and a positive return on equity of 6.94%. On average, equities research analysts predict that Astronics Co. will post 0.82 earnings per share for the current fiscal year.

Analysts Set New Price Targets

ATRO has been the subject of a number of research analyst reports. Truist Financial lowered their target price on Astronics from $23.00 to $21.00 and set a “hold” rating for the company in a report on Thursday, April 17th. StockNews.com upgraded shares of Astronics from a “buy” rating to a “strong-buy” rating in a research note on Friday, May 9th.

Insider Activity

In related news, Director Robert S. Keane sold 77,099 shares of the company’s stock in a transaction on Friday, March 7th. The stock was sold at an average price of $24.55, for a total transaction of $1,892,780.45. Following the completion of the sale, the director now owns 6,346 shares in the company, valued at approximately $155,794.30. This represents a 92.39% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Corporate insiders own 9.39% of the company’s stock.

About Astronics

Astronics Corporation, through its subsidiaries, designs and manufactures products for the aerospace, defense, and electronics industries in the United States, rest of North America, Asia, Europe, South America, and internationally. The company operates in two segments, Aerospace and Test Systems. The Aerospace segment offers lighting and safety systems, electrical power generation systems, distribution and seat motions systems, aircraft structures, avionics products, system certification, and other products.