Astronics Corporation $ATRO Stock Bought by Lisanti Capital Growth LLC

Lisanti Capital Growth LLC grew its position in shares of Astronics Corporation (NASDAQ:ATRO) by 164.5% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 32,476 shares of the aerospace company’s stock after acquiring an additional 20,196 shares during the quarter. Lisanti Capital Growth LLC owned about 0.08% of Astronics worth $2,190,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of ATRO. Hsbc Holdings PLC purchased a new position in shares of Astronics in the 2nd quarter valued at $7,385,000. Bank of America Corp DE acquired a new position in shares of Astronics during the 2nd quarter valued at $13,223,000. Nicholas Investment Partners LP purchased a new stake in Astronics during the 2nd quarter worth $11,717,000. Public Employees Retirement System of Ohio purchased a new stake in Astronics during the 2nd quarter worth $1,457,000. Finally, Assenagon Asset Management S.A. boosted its position in Astronics by 153.6% during the 3rd quarter. Assenagon Asset Management S.A. now owns 180,916 shares of the aerospace company’s stock worth $12,197,000 after purchasing an additional 109,574 shares during the period. 56.68% of the stock is currently owned by hedge funds and other institutional investors.

Astronics Stock Performance

Shares of Astronics stock opened at $60.33 on Thursday. The firm has a market cap of $2.59 billion, a PE ratio of 23.60 and a beta of 1.37. The firm’s 50-day simple moving average is $65.14 and its 200-day simple moving average is $67.44. The company has a debt-to-equity ratio of 1.57, a quick ratio of 1.63 and a current ratio of 2.97. Astronics Corporation has a 1 year low of $38.13 and a 1 year high of $94.46.

Astronics (NASDAQ:ATRO) last released its quarterly earnings data on Tuesday, November 10th. The aerospace company reported $0.81 EPS for the quarter, topping analysts’ consensus estimates of $0.72 by $0.09. Astronics had a net margin of 14.21% and a return on equity of 73.50%. The firm had revenue of $271.68 million during the quarter, compared to the consensus estimate of $267.97 million. During the same quarter in the previous year, the company posted $0.49 earnings per share. The firm’s revenue was up 41.0% on a year-over-year basis. Equities analysts forecast that Astronics Corporation will post 2.72 earnings per share for the current fiscal year.

Latest Astronics News

Investors following ATRO have been watching these news items:

• Neutral Sentiment: TD Cowen lowered its price target from $90 to $80 but kept a Buy rating, signaling continued optimism while trimming its valuation outlook. TD Cowen rating information
• Negative Sentiment: Fourth-quarter revenue guidance of $255 million to $275 million includes a midpoint below the roughly $274 million consensus estimate. That cautious near-term outlook appears to be the main reason the strong quarterly results have not supported the shares. Report on Q4 guidance
• Negative Sentiment: Management cited scheduling and supply-chain risks, which could complicate delivery against the backlog and temper the outlook despite anticipated 2027 growth. Q3 results and outlook analysis

Analyst Ratings Changes

ATRO has been the subject of several recent research reports. TD Cowen lowered their price target on Astronics from $90.00 to $80.00 and set a “buy” rating for the company in a report on Wednesday. KeyCorp started coverage on Astronics in a research note on Thursday, October 22nd. They set a “sector weight” rating on the stock. Wall Street Zen raised Astronics from a “buy” rating to a “strong-buy” rating in a research report on Sunday. Zacks Research lowered Astronics from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 7th. Finally, Weiss Ratings lowered Astronics from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Thursday, October 8th. Two analysts have rated the stock with a Strong Buy rating, two have given a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $84.58.

Astronics Profile

Astronics Corporation designs and manufactures technologies for the aerospace, defense and other industries. Its aerospace products include aircraft lighting, electrical power generation and distribution systems, cabin electronics, connectivity solutions and avionics-related equipment used on commercial and military aircraft. The company also develops test systems, including automated equipment used to test aerospace and defense electronics. Astronics serves aircraft manufacturers, airlines, defense organizations and other customers, with products and services reaching markets around the world.