Astronics Co. (NASDAQ:ATRO) Shares Sold by DekaBank Deutsche Girozentrale

DekaBank Deutsche Girozentrale trimmed its position in Astronics Co. (NASDAQ:ATRO) by 6.9% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 10,300 shares of the aerospace company’s stock after selling 767 shares during the period. DekaBank Deutsche Girozentrale’s holdings in Astronics were worth $180,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the company. Lewis Capital Management LLC boosted its stake in shares of Astronics by 4.0% in the third quarter. Lewis Capital Management LLC now owns 334,737 shares of the aerospace company’s stock worth $5,309,000 after acquiring an additional 13,004 shares during the last quarter. Vanguard Group Inc. boosted its stake in Astronics by 1.6% during the 3rd quarter. Vanguard Group Inc. now owns 1,384,253 shares of the aerospace company’s stock worth $21,954,000 after purchasing an additional 21,353 shares during the last quarter. SG Americas Securities LLC grew its holdings in shares of Astronics by 28.0% during the fourth quarter. SG Americas Securities LLC now owns 14,900 shares of the aerospace company’s stock worth $260,000 after buying an additional 3,257 shares in the last quarter. BKM Wealth Management LLC acquired a new stake in shares of Astronics in the fourth quarter valued at about $64,000. Finally, Swiss National Bank boosted its position in Astronics by 1.8% during the third quarter. Swiss National Bank now owns 55,200 shares of the aerospace company’s stock worth $875,000 after acquiring an additional 1,000 shares during the last quarter. 56.68% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, EVP Michael C. Kuehn sold 7,074 shares of the company’s stock in a transaction on Thursday, March 14th. The stock was sold at an average price of $17.72, for a total value of $125,351.28. Following the transaction, the executive vice president now owns 12,875 shares of the company’s stock, valued at approximately $228,145. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In related news, EVP Michael C. Kuehn sold 2,209 shares of the stock in a transaction that occurred on Thursday, February 29th. The shares were sold at an average price of $20.16, for a total transaction of $44,533.44. Following the completion of the transaction, the executive vice president now owns 14,248 shares of the company’s stock, valued at approximately $287,239.68. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Michael C. Kuehn sold 7,074 shares of the business’s stock in a transaction that occurred on Thursday, March 14th. The shares were sold at an average price of $17.72, for a total value of $125,351.28. Following the completion of the sale, the executive vice president now directly owns 12,875 shares in the company, valued at approximately $228,145. The disclosure for this sale can be found here. 10.83% of the stock is owned by insiders.

Astronics Trading Down 0.7 %

Shares of ATRO opened at $16.66 on Wednesday. The company has a current ratio of 2.72, a quick ratio of 1.38 and a debt-to-equity ratio of 0.64. The firm has a 50-day moving average price of $18.29 and a 200 day moving average price of $16.86. Astronics Co. has a 12-month low of $14.06 and a 12-month high of $22.44. The firm has a market capitalization of $575.10 million, a P/E ratio of -20.32 and a beta of 1.62.

Astronics (NASDAQ:ATRO) last announced its quarterly earnings results on Wednesday, February 28th. The aerospace company reported $0.20 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.12 by $0.08. The business had revenue of $195.29 million during the quarter, compared to the consensus estimate of $188.35 million. Astronics had a negative net margin of 3.83% and a negative return on equity of 6.53%. Sell-side analysts forecast that Astronics Co. will post 0.71 EPS for the current year.

Analysts Set New Price Targets

A number of research firms have commented on ATRO. StockNews.com upgraded shares of Astronics from a “hold” rating to a “buy” rating in a report on Thursday, February 29th. Truist Financial lifted their price objective on Astronics from $18.00 to $21.00 and gave the stock a “hold” rating in a research report on Friday, March 1st.

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.