BNP Paribas Financial Markets lowered its holdings in shares of Astronics Corporation (NASDAQ:ATRO – Free Report) by 2.4% in the 4th quarter, Holdings Channel.com reports. The firm owned 444,436 shares of the aerospace company’s stock after selling 11,008 shares during the quarter. BNP Paribas Financial Markets’ holdings in Astronics were worth $24,106,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds and other institutional investors have also recently made changes to their positions in the company. IFP Advisors Inc increased its position in shares of Astronics by 389.6% during the 3rd quarter. IFP Advisors Inc now owns 563 shares of the aerospace company’s stock valued at $26,000 after purchasing an additional 448 shares during the last quarter. Allworth Financial LP increased its position in shares of Astronics by 57.1% during the 4th quarter. Allworth Financial LP now owns 528 shares of the aerospace company’s stock valued at $29,000 after purchasing an additional 192 shares during the last quarter. EverSource Wealth Advisors LLC increased its position in shares of Astronics by 147.6% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 894 shares of the aerospace company’s stock valued at $30,000 after purchasing an additional 533 shares during the last quarter. Leonteq Securities AG purchased a new stake in shares of Astronics during the 4th quarter valued at about $33,000. Finally, Jones Financial Companies Lllp increased its position in shares of Astronics by 166.7% during the 3rd quarter. Jones Financial Companies Lllp now owns 752 shares of the aerospace company’s stock valued at $34,000 after purchasing an additional 470 shares during the last quarter. Hedge funds and other institutional investors own 56.68% of the company’s stock.
Astronics Trading Down 3.0%
Astronics stock opened at $84.72 on Friday. Astronics Corporation has a 12-month low of $27.27 and a 12-month high of $90.65. The company has a current ratio of 2.97, a quick ratio of 1.63 and a debt-to-equity ratio of 2.07. The firm has a market capitalization of $3.04 billion, a price-to-earnings ratio of 71.80 and a beta of 1.15. The firm has a 50 day moving average of $76.47 and a 200 day moving average of $69.43.
Astronics (NASDAQ:ATRO – Get Free Report) last posted its quarterly earnings results on Tuesday, May 12th. The aerospace company reported $0.59 earnings per share for the quarter, topping the consensus estimate of $0.55 by $0.04. Astronics had a return on equity of 49.34% and a net margin of 5.12%.The business had revenue of $230.62 million during the quarter, compared to the consensus estimate of $225.52 million. During the same period in the prior year, the company posted $0.44 EPS. The firm’s revenue for the quarter was up 12.0% compared to the same quarter last year. As a group, research analysts predict that Astronics Corporation will post 2.68 earnings per share for the current year.
Analysts Set New Price Targets
Several research firms have recently commented on ATRO. Zacks Research lowered shares of Astronics from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, May 13th. Truist Financial raised shares of Astronics to a “strong-buy” rating in a report on Monday, May 4th. TD Cowen increased their target price on shares of Astronics from $85.00 to $100.00 and gave the stock a “buy” rating in a report on Thursday, May 28th. Weiss Ratings reissued a “sell (d-)” rating on shares of Astronics in a report on Monday, April 20th. Finally, Wall Street Zen raised shares of Astronics from a “buy” rating to a “strong-buy” rating in a report on Saturday, February 28th. Two equities research analysts have rated the stock with a Strong Buy rating, two have given a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $89.00.
View Our Latest Research Report on Astronics
Astronics Company Profile
Astronics Corporation (NASDAQ: ATRO) is a global leader in the design and manufacture of advanced technologies primarily for the aerospace, defense and semiconductor industries. Headquartered in East Aurora, New York, the company was founded in 1968 and has grown through a combination of internal development and strategic acquisitions. Astronics operates multiple business units focused on power conversion, distribution and control; cabin electronics and connectivity; aircraft lighting and safety solutions; and automated test systems.
The company’s aerospace products include onboard power generation and management systems, in-flight entertainment and connectivity hardware, LED and fluorescent lighting for aircraft cabins and cockpits, and safety equipment such as escape slide power units.
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