Globeflex Capital L P Has $1.17 Million Stock Holdings in Astronics Corporation $ATRO

Globeflex Capital L P trimmed its stake in Astronics Corporation (NASDAQ:ATRO) by 39.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 21,590 shares of the aerospace company’s stock after selling 14,038 shares during the quarter. Globeflex Capital L P owned about 0.06% of Astronics worth $1,171,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of ATRO. AQR Capital Management LLC grew its holdings in Astronics by 20.4% in the first quarter. AQR Capital Management LLC now owns 112,210 shares of the aerospace company’s stock worth $2,712,000 after purchasing an additional 18,975 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in Astronics by 6.5% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 17,491 shares of the aerospace company’s stock worth $423,000 after purchasing an additional 1,069 shares during the period. Millennium Management LLC grew its holdings in Astronics by 80.1% in the first quarter. Millennium Management LLC now owns 746,956 shares of the aerospace company’s stock worth $18,054,000 after purchasing an additional 332,133 shares during the period. Goldman Sachs Group Inc. grew its holdings in Astronics by 26.1% in the first quarter. Goldman Sachs Group Inc. now owns 222,486 shares of the aerospace company’s stock worth $5,377,000 after purchasing an additional 46,054 shares during the period. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in Astronics by 22.3% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 71,791 shares of the aerospace company’s stock worth $1,735,000 after purchasing an additional 13,104 shares during the period. 56.68% of the stock is currently owned by institutional investors and hedge funds.

Astronics Stock Up 4.6%

Astronics stock opened at $87.33 on Friday. Astronics Corporation has a fifty-two week low of $27.27 and a fifty-two week high of $90.65. The stock has a market cap of $3.13 billion, a PE ratio of 74.01 and a beta of 1.15. The firm’s 50-day simple moving average is $76.15 and its 200 day simple moving average is $69.32. The company has a debt-to-equity ratio of 2.07, a quick ratio of 1.63 and a current ratio of 2.97.

Astronics shares are set to split before the market opens on Monday, June 15th. The 6-5 split was recently announced. The newly issued shares will be distributed to shareholders after the market closes on Sunday, June 14th.

Astronics (NASDAQ:ATRO) last issued its quarterly earnings results on Tuesday, May 12th. The aerospace company reported $0.59 EPS for the quarter, beating analysts’ consensus estimates of $0.55 by $0.04. The company had revenue of $230.62 million during the quarter, compared to the consensus estimate of $225.52 million. Astronics had a return on equity of 49.34% and a net margin of 5.12%.Astronics’s revenue was up 12.0% on a year-over-year basis. During the same period last year, the business posted $0.44 earnings per share. Research analysts predict that Astronics Corporation will post 2.68 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on ATRO shares. TD Cowen raised their price target on shares of Astronics from $85.00 to $100.00 and gave the stock a “buy” rating in a report on Thursday, May 28th. Wall Street Zen upgraded shares of Astronics from a “buy” rating to a “strong-buy” rating in a report on Saturday, February 28th. Truist Financial upgraded shares of Astronics to a “strong-buy” rating in a report on Monday, May 4th. Zacks Research cut shares of Astronics from a “strong-buy” rating to a “hold” rating in a report on Wednesday, May 13th. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of Astronics in a report on Monday, April 20th. Two analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $89.00.

Astronics 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.