State of Wyoming Raises Stock Position in Astronics Co. (NASDAQ:ATRO)

State of Wyoming raised its holdings in shares of Astronics Co. (NASDAQ:ATRO) by 11.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 51,842 shares of the aerospace company’s stock after acquiring an additional 5,320 shares during the quarter. State of Wyoming owned approximately 0.15% of Astronics worth $827,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. AlphaQuest LLC raised its holdings in Astronics by 355.5% during the fourth quarter. AlphaQuest LLC now owns 3,576 shares of the aerospace company’s stock valued at $57,000 after acquiring an additional 2,791 shares during the period. KLP Kapitalforvaltning AS bought a new stake in Astronics during the fourth quarter valued at about $73,000. Arcadia Investment Management Corp MI bought a new stake in Astronics during the fourth quarter valued at about $135,000. Freestone Grove Partners LP bought a new stake in Astronics during the fourth quarter valued at about $172,000. Finally, Victory Capital Management Inc. bought a new stake in Astronics during the fourth quarter valued at about $178,000. 56.68% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, Director Robert S. Keane sold 77,099 shares of the stock in a transaction that occurred on Friday, March 7th. The stock was sold at an average price of $24.55, for a total value of $1,892,780.45. Following the transaction, the director now owns 6,346 shares of the company’s stock, valued at $155,794.30. This represents a 92.39% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 9.39% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

ATRO has been the topic of several research reports. StockNews.com raised Astronics from a “buy” rating to a “strong-buy” rating in a report on Friday, May 9th. Truist Financial reduced their price objective on Astronics from $23.00 to $21.00 and set a “hold” rating on the stock in a research note on Thursday, April 17th.

Astronics Trading Down 0.1%

ATRO opened at $30.17 on Friday. The stock has a market cap of $1.06 billion, a price-to-earnings ratio of -158.78 and a beta of 1.44. The stock’s 50 day moving average price is $24.22 and its 200-day moving average price is $19.94. Astronics Co. has a one year low of $14.13 and a one year high of $30.31. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.46 and a current ratio of 2.83.

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

Astronics Company Profile

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.