Astronics Corporation $ATRO Shares Bought by Kennedy Capital Management LLC

Kennedy Capital Management LLC grew its holdings in shares of Astronics Corporation (NASDAQ:ATRO) by 127.2% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 109,286 shares of the aerospace company’s stock after purchasing an additional 61,193 shares during the period. Kennedy Capital Management LLC owned approximately 0.31% of Astronics worth $5,928,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Quarry LP increased its position in Astronics by 33.6% during the 4th quarter. Quarry LP now owns 568 shares of the aerospace company’s stock worth $31,000 after purchasing an additional 143 shares during the period. EverSource Wealth Advisors LLC increased its position in Astronics by 19.8% during the 4th quarter. EverSource Wealth Advisors LLC now owns 1,137 shares of the aerospace company’s stock worth $62,000 after purchasing an additional 188 shares during the period. Allworth Financial LP boosted its stake in shares of Astronics by 57.1% during the 4th quarter. Allworth Financial LP now owns 528 shares of the aerospace company’s stock worth $29,000 after acquiring an additional 192 shares in the last quarter. US Bancorp DE boosted its stake in shares of Astronics by 41.0% during the 3rd quarter. US Bancorp DE now owns 966 shares of the aerospace company’s stock worth $44,000 after acquiring an additional 281 shares in the last quarter. Finally, Hazlett Burt & Watson Inc. boosted its stake in shares of Astronics by 24.5% during the 4th quarter. Hazlett Burt & Watson Inc. now owns 1,525 shares of the aerospace company’s stock worth $83,000 after acquiring an additional 300 shares in the last quarter. Institutional investors and hedge funds own 56.68% of the company’s stock.

Astronics Price Performance

ATRO stock opened at $75.69 on Tuesday. Astronics Corporation has a 1 year low of $22.73 and a 1 year high of $83.24. The company has a debt-to-equity ratio of 2.07, a quick ratio of 1.63 and a current ratio of 2.97. The stock’s 50 day moving average price is $65.95 and its 200 day moving average price is $59.37. The firm has a market cap of $2.71 billion, a P/E ratio of 64.14 and a beta of 1.14.

Astronics (NASDAQ:ATRO) last posted its earnings results on Tuesday, May 12th. The aerospace company reported $0.49 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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%.Astronics’s revenue was up 12.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.37 EPS. On average, sell-side analysts expect that Astronics Corporation will post 2.68 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on ATRO shares. Weiss Ratings reissued a “sell (d-)” rating on shares of Astronics in a research note on Monday, April 20th. TD Cowen boosted their price target on Astronics from $70.83 to $83.33 and gave the stock a “buy” rating in a research note on Thursday, May 28th. Zacks Research lowered Astronics from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, May 13th. Wall Street Zen lowered Astronics from a “strong-buy” rating to a “buy” rating in a research note on Saturday. Finally, Truist Financial raised Astronics to a “strong-buy” rating in a research note on Monday, May 4th. Two equities research analysts have rated the stock with a Strong Buy rating, two have given a Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $74.17.

About Astronics

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.