Astronics Co. (NASDAQ:ATRO) Shares Purchased by Wealthspire Advisors LLC

Wealthspire Advisors LLC boosted its stake in Astronics Co. (NASDAQ:ATRO) by 12.1% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 13,867 shares of the aerospace company’s stock after acquiring an additional 1,500 shares during the quarter. Wealthspire Advisors LLC’s holdings in Astronics were worth $243,000 as of its most recent filing with the SEC.

Other institutional investors also recently added to or reduced their stakes in the company. The Manufacturers Life Insurance Company boosted its stake in Astronics by 6.1% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 15,289 shares of the aerospace company’s stock worth $268,000 after purchasing an additional 881 shares during the last quarter. Bank of New York Mellon Corp boosted its stake in Astronics by 1.3% during the 1st quarter. Bank of New York Mellon Corp now owns 89,701 shares of the aerospace company’s stock worth $1,619,000 after purchasing an additional 1,109 shares during the last quarter. State Board of Administration of Florida Retirement System boosted its stake in Astronics by 10.5% during the 2nd quarter. State Board of Administration of Florida Retirement System now owns 14,171 shares of the aerospace company’s stock worth $248,000 after purchasing an additional 1,350 shares during the last quarter. HighTower Advisors LLC boosted its stake in Astronics by 15.7% during the 1st quarter. HighTower Advisors LLC now owns 19,103 shares of the aerospace company’s stock worth $345,000 after purchasing an additional 2,590 shares during the last quarter. Finally, BNP Paribas Arbitrage SA boosted its stake in Astronics by 29.5% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 21,648 shares of the aerospace company’s stock worth $379,000 after purchasing an additional 4,931 shares during the last quarter. 61.08% of the stock is currently owned by hedge funds and other institutional investors.

Several equities research analysts have issued reports on the stock. Colliers Securities raised shares of Astronics from a “neutral” rating to a “buy” rating and set a $19.00 target price on the stock in a research note on Monday, September 20th. Zacks Investment Research raised shares of Astronics from a “sell” rating to a “hold” rating in a research report on Monday, August 9th. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus target price of $17.25.

Shares of ATRO stock opened at $13.65 on Thursday. The company’s 50-day moving average price is $13.76 and its 200-day moving average price is $16.21. The company has a current ratio of 3.19, a quick ratio of 1.63 and a debt-to-equity ratio of 0.68. The stock has a market cap of $422.15 million, a price-to-earnings ratio of -9.29 and a beta of 2.06. Astronics Co. has a twelve month low of $6.30 and a twelve month high of $20.93.

Astronics (NASDAQ:ATRO) last announced its quarterly earnings results on Thursday, August 5th. The aerospace company reported ($0.26) earnings per share for the quarter, missing the consensus estimate of ($0.15) by ($0.11). The firm had revenue of $111.16 million for the quarter, compared to analyst estimates of $115.09 million. Astronics had a negative net margin of 10.32% and a negative return on equity of 11.59%. As a group, equities research analysts predict that Astronics Co. will post -0.83 EPS for the current year.

About Astronics

Astronics Corp. engages in the provision of electrical power generation and distribution systems. It includes motion systems, lighting and safety systems, avionics products, aircraft structures, systems certification, and automated test systems. It operates through the Aerospace and Test Systems segments.

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Institutional Ownership by Quarter for Astronics (NASDAQ:ATRO)

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