Knights of Columbus Asset Advisors LLC Acquires New Stake in Astronics Corporation $ATRO

Knights of Columbus Asset Advisors LLC acquired a new position in Astronics Corporation (NASDAQ:ATRO) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 18,598 shares of the aerospace company’s stock, valued at approximately $1,254,000.

Several other large investors have also recently bought and sold shares of the company. BlackRock Inc. acquired a new stake in shares of Astronics in the 2nd quarter valued at $248,395,000. Renaissance Technologies LLC raised its position in shares of Astronics by 320.4% during the first quarter. Renaissance Technologies LLC now owns 222,920 shares of the aerospace company’s stock worth $14,875,000 after acquiring an additional 169,900 shares during the last quarter. Bank of America Corp DE acquired a new position in shares of Astronics during the second quarter valued at $13,223,000. Nicholas Investment Partners LP acquired a new position in shares of Astronics during the second quarter valued at $11,717,000. Finally, Connor Clark & Lunn Investment Management Ltd. acquired a new position in shares of Astronics during the second quarter valued at $11,280,000. Institutional investors and hedge funds own 56.68% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on ATRO shares. Zacks Research lowered Astronics from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 7th. TD Cowen dropped their target price on shares of Astronics from $90.00 to $80.00 and set a “buy” rating for the company in a research report on Wednesday. Weiss Ratings downgraded shares of Astronics from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Thursday, October 8th. KeyCorp assumed coverage on Astronics in a research note on Thursday, October 22nd. They set a “sector weight” rating on the stock. Finally, Wall Street Zen raised shares of Astronics from a “buy” rating to a “strong-buy” rating in a research note on Sunday, November 8th. Two equities research analysts have rated the stock with a Strong Buy rating, two have given a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $84.58.

More Astronics News

Here’s some of the latest news about ATRO:

• Positive Sentiment: Management expects strong double-digit revenue growth in 2027, supported by a record Aerospace backlog and improving margins. A Seeking Alpha analysis also cited secular growth prospects and management as reasons to remain bullish. 2027 growth and supply risks Secular growth and management keep Astronics a buy
• Neutral Sentiment: Full-year 2026 revenue guidance is $1.0 billion, in line with consensus. TD Cowen lowered its price target from $90 to $80 but retained a Buy rating. TD Cowen recommendations
• Negative Sentiment: Fourth-quarter revenue guidance of $255 million–$275 million includes a range below the $273.9 million consensus, prompting concern that near-term results may fall short despite the stronger full-year outlook. Management also cited scheduling and supply-chain risks that could complicate growth and delivery. Soft Q4 guidance and full-year outlook

Astronics Trading Down 0.0%

NASDAQ ATRO opened at $60.31 on Friday. Astronics Corporation has a 52 week low of $38.13 and a 52 week high of $94.46. The company has a debt-to-equity ratio of 1.57, a quick ratio of 1.63 and a current ratio of 2.97. The stock’s 50 day moving average price is $64.88 and its two-hundred day moving average price is $67.42. The stock has a market capitalization of $2.59 billion, a price-to-earnings ratio of 22.97 and a beta of 1.37.

Astronics (NASDAQ:ATRO) last issued its quarterly earnings results on Tuesday, November 10th. The aerospace company reported $0.81 earnings per share for the quarter, topping the consensus estimate of $0.72 by $0.09. Astronics had a net margin of 14.21% and a return on equity of 73.50%. The company had revenue of $271.68 million during the quarter, compared to analysts’ expectations of $267.97 million. During the same period last year, the business earned $0.49 EPS. The business’s quarterly revenue was up 41.0% on a year-over-year basis. As a group, analysts anticipate that Astronics Corporation will post 2.72 earnings per share for the current fiscal year.

Astronics Profile

Astronics Corporation designs and manufactures technologies for the aerospace, defense and other industries. Its aerospace products include aircraft lighting, electrical power generation and distribution systems, cabin electronics, connectivity solutions and avionics-related equipment used on commercial and military aircraft. The company also develops test systems, including automated equipment used to test aerospace and defense electronics. Astronics serves aircraft manufacturers, airlines, defense organizations and other customers, with products and services reaching markets around the world.