325 Capital LLC Has $3.80 Million Holdings in Astronics Corporation $ATRO

325 Capital LLC cut its stake in Astronics Corporation (NASDAQ:ATRO) by 94.9% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 70,000 shares of the aerospace company’s stock after selling 1,290,675 shares during the period. Astronics comprises approximately 1.3% of 325 Capital LLC’s holdings, making the stock its 13th largest holding. 325 Capital LLC’s holdings in Astronics were worth $3,797,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Capital International Investors bought a new stake in Astronics during the 3rd quarter worth approximately $64,173,000. Vanguard Group Inc. grew its position in Astronics by 5.8% during the 3rd quarter. Vanguard Group Inc. now owns 1,936,166 shares of the aerospace company’s stock worth $88,309,000 after acquiring an additional 105,311 shares during the last quarter. Principal Financial Group Inc. bought a new stake in Astronics during the 3rd quarter worth approximately $2,204,000. First Eagle Investment Management LLC grew its position in Astronics by 6.3% during the 3rd quarter. First Eagle Investment Management LLC now owns 236,326 shares of the aerospace company’s stock worth $10,779,000 after acquiring an additional 14,000 shares during the last quarter. Finally, American Century Companies Inc. grew its position in Astronics by 58.6% during the 3rd quarter. American Century Companies Inc. now owns 539,006 shares of the aerospace company’s stock worth $24,584,000 after acquiring an additional 199,059 shares during the last quarter. 56.68% of the stock is owned by institutional investors and hedge funds.

Astronics Trading Up 6.0%

Shares of NASDAQ ATRO opened at $80.06 on Thursday. Astronics Corporation has a twelve month low of $22.73 and a twelve month high of $83.24. The stock has a market cap of $3.44 billion, a price-to-earnings ratio of 81.42 and a beta of 1.15. The company has a quick ratio of 1.63, a current ratio of 2.97 and a debt-to-equity ratio of 2.07. The company’s fifty day moving average is $66.71 and its 200-day moving average is $59.82.

Astronics (NASDAQ:ATRO) last posted its earnings results on Tuesday, May 12th. The aerospace company reported $0.49 earnings per share for the quarter, topping the consensus estimate of $0.46 by $0.03. The firm had revenue of $230.62 million for the quarter, compared to analyst estimates of $225.52 million. Astronics had a return on equity of 49.34% and a net margin of 5.12%.The company’s revenue for the quarter was up 12.0% on a year-over-year basis. During the same period in the previous year, the company posted $0.37 earnings per share. Equities research analysts predict that Astronics Corporation will post 2.23 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research analysts have commented on ATRO shares. Wall Street Zen lowered Astronics from a “strong-buy” rating to a “buy” rating in a research report on Saturday, June 13th. TD Cowen increased their price objective on Astronics from $70.83 to $83.33 and gave the company a “buy” rating in a research report on Thursday, May 28th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Astronics in a research report on Monday, April 20th. Zacks Research lowered Astronics from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, May 13th. Finally, Truist Financial upgraded Astronics to a “strong-buy” rating in a research report on Monday, May 4th. Two 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 assigned a Sell rating to the stock. According to MarketBeat, Astronics currently has an average rating of “Moderate Buy” and a consensus price target of $74.17.

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.