64,374 Shares in Astronics Corporation $ATRO Bought by Segall Bryant & Hamill LLC

Segall Bryant & Hamill LLC bought a new stake in Astronics Corporation (NASDAQ:ATRO) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 64,374 shares of the aerospace company’s stock, valued at approximately $2,155,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in ATRO. White Pine Capital LLC boosted its stake in shares of Astronics by 1.0% during the 2nd quarter. White Pine Capital LLC now owns 72,090 shares of the aerospace company’s stock worth $2,414,000 after buying an additional 732 shares during the last quarter. Swiss National Bank increased its position in shares of Astronics by 1.6% in the second quarter. Swiss National Bank now owns 49,700 shares of the aerospace company’s stock valued at $1,664,000 after acquiring an additional 800 shares during the last quarter. Police & Firemen s Retirement System of New Jersey raised its holdings in Astronics by 17.9% during the second quarter. Police & Firemen s Retirement System of New Jersey now owns 7,018 shares of the aerospace company’s stock worth $235,000 after acquiring an additional 1,067 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in Astronics by 6.5% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 17,491 shares of the aerospace company’s stock valued at $423,000 after purchasing an additional 1,069 shares during the last quarter. Finally, Rhumbline Advisers grew its stake in Astronics by 2.8% in the second quarter. Rhumbline Advisers now owns 62,784 shares of the aerospace company’s stock valued at $2,102,000 after purchasing an additional 1,683 shares in the last quarter. 56.68% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the company. Craig Hallum started coverage on Astronics in a research report on Friday, October 10th. They set a “buy” rating and a $60.00 price target on the stock. Truist Financial raised their target price on shares of Astronics from $49.00 to $58.00 and gave the company a “buy” rating in a research note on Wednesday, October 15th. Zacks Research upgraded shares of Astronics from a “hold” rating to a “strong-buy” rating in a report on Tuesday, November 4th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Astronics in a research note on Wednesday, October 8th. Finally, Wall Street Zen upgraded shares of Astronics from a “buy” rating to a “strong-buy” rating in a research note on Monday. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $59.00.

Insider Buying and Selling

In other Astronics news, insider James Mulato sold 1,129 shares of the stock in a transaction on Friday, September 5th. The stock was sold at an average price of $38.16, for a total transaction of $43,082.64. Following the transaction, the insider owned 1,066 shares in the company, valued at $40,678.56. This trade represents a 51.44% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 9.39% of the stock is currently owned by corporate insiders.

Astronics Stock Up 6.3%

Astronics stock opened at $50.47 on Tuesday. The company’s 50-day moving average price is $47.12 and its two-hundred day moving average price is $38.59. The company has a quick ratio of 1.63, a current ratio of 3.04 and a debt-to-equity ratio of 0.59. The stock has a market cap of $1.80 billion, a P/E ratio of -420.55 and a beta of 1.63. Astronics Corporation has a twelve month low of $14.13 and a twelve month high of $53.42.

Astronics (NASDAQ:ATRO) last issued its quarterly earnings data on Tuesday, November 4th. The aerospace company reported $0.49 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.42 by $0.07. The company had revenue of $211.45 million during the quarter, compared to analysts’ expectations of $210.80 million. Astronics had a positive return on equity of 22.89% and a negative net margin of 0.45%. Astronics has set its FY 2025 guidance at EPS. As a group, analysts expect that Astronics Corporation 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.