15,408 Shares in Astronics Corporation $ATRO Purchased by Kingdom Financial Group LLC.

Kingdom Financial Group LLC. purchased a new position in shares of Astronics Corporation (NASDAQ:ATRO) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 15,408 shares of the aerospace company’s stock, valued at approximately $836,000.

Several other hedge funds have also recently modified their holdings of ATRO. AQR Capital Management LLC raised its position in shares of Astronics by 20.4% during the 1st 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 last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of Astronics by 6.5% during the 1st 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 last quarter. Millennium Management LLC raised its position in shares of Astronics by 80.1% during the 1st 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 last quarter. Goldman Sachs Group Inc. raised its position in shares of Astronics by 26.1% during the 1st 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 last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in shares of Astronics by 22.3% during the 1st 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 last quarter. Institutional investors and hedge funds own 56.68% of the company’s stock.

Astronics Stock Down 6.0%

Shares of NASDAQ ATRO opened at $79.89 on Friday. Astronics Corporation has a 12-month low of $27.27 and a 12-month high of $86.27. The stock has a market cap of $2.85 billion, a PE ratio of 67.70 and a beta of 1.10. The company has a current ratio of 2.97, a quick ratio of 1.63 and a debt-to-equity ratio of 2.07. The company has a 50-day moving average of $72.77 and a 200 day moving average of $66.76.

Astronics (NASDAQ:ATRO) last announced its quarterly earnings data on Tuesday, May 12th. The aerospace company reported $0.59 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.55 by $0.04. Astronics had a net margin of 5.12% and a return on equity of 49.34%. The company had revenue of $230.62 million during the quarter, compared to analysts’ expectations of $225.52 million. During the same quarter in the prior year, the company earned $0.44 EPS. Astronics’s revenue was up 12.0% compared to the same quarter last year. As a group, sell-side analysts predict that Astronics Corporation will post 2.65 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research analysts recently weighed in on ATRO shares. Truist Financial upgraded shares of Astronics to a “strong-buy” rating in a research report on Monday, May 4th. Zacks Research cut shares of Astronics from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, May 13th. Wall Street Zen raised shares of Astronics from a “buy” rating to a “strong-buy” rating in a research note on Saturday, February 28th. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Astronics in a research note on Monday, April 20th. Two research analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $77.33.

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.