Bank of America Corp DE lowered its position in Astronics Corporation (NASDAQ:ATRO) by 32.0% during the first quarter, Holdings Channel reports. The fund owned 61,608 shares of the aerospace company’s stock after selling 29,036 shares during the period. Bank of America Corp DE’s holdings in Astronics Corporation were worth $1,954,000 at the end of the most recent reporting period.

A number of other institutional investors have also bought and sold shares of ATRO. FMR LLC boosted its position in Astronics Corporation by 17.2% in the first quarter. FMR LLC now owns 1,384,669 shares of the aerospace company’s stock worth $43,936,000 after buying an additional 202,782 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in Astronics Corporation by 7.3% in the first quarter. Dimensional Fund Advisors LP now owns 686,882 shares of the aerospace company’s stock worth $21,795,000 after buying an additional 47,004 shares during the last quarter. ACK Asset Management LLC acquired a new position in Astronics Corporation during the first quarter worth approximately $13,238,000. Geode Capital Management LLC boosted its position in Astronics Corporation by 10.9% in the first quarter. Geode Capital Management LLC now owns 345,325 shares of the aerospace company’s stock worth $10,956,000 after buying an additional 34,078 shares during the last quarter. Finally, State of Wisconsin Investment Board boosted its position in Astronics Corporation by 0.8% in the first quarter. State of Wisconsin Investment Board now owns 274,221 shares of the aerospace company’s stock worth $8,701,000 after buying an additional 2,100 shares during the last quarter. Institutional investors and hedge funds own 63.89% of the company’s stock.

Shares of Astronics Corporation (NASDAQ:ATRO) traded up 2.67% during midday trading on Friday, hitting $26.16. The stock had a trading volume of 240,524 shares. Astronics Corporation has a 52 week low of $23.95 and a 52 week high of $41.03. The stock’s 50-day moving average price is $29.24 and its 200 day moving average price is $31.00. The company has a market cap of $744.57 million, a price-to-earnings ratio of 18.98 and a beta of 1.13.

Astronics Corporation (NASDAQ:ATRO) last posted its quarterly earnings data on Wednesday, August 2nd. The aerospace company reported $0.26 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.40 by $0.14. The firm had revenue of $151.11 million during the quarter, compared to analysts’ expectations of $162.33 million. Astronics Corporation had a net margin of 6.73% and a return on equity of 12.21%. The company’s quarterly revenue was down 8.1% on a year-over-year basis. During the same quarter last year, the business posted $0.50 EPS. On average, equities analysts forecast that Astronics Corporation will post $1.42 earnings per share for the current year.

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A number of equities analysts recently commented on ATRO shares. Zacks Investment Research upgraded Astronics Corporation from a “hold” rating to a “buy” rating and set a $34.00 price target for the company in a report on Tuesday, July 4th. TheStreet cut Astronics Corporation from a “b-” rating to a “c+” rating in a report on Wednesday, June 7th. Canaccord Genuity reduced their price target on Astronics Corporation from $40.00 to $34.00 and set a “buy” rating for the company in a report on Thursday, August 3rd. Finally, BidaskClub cut Astronics Corporation from a “sell” rating to a “strong sell” rating in a report on Monday, July 24th. Two equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and one has given a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $34.33.

About Astronics Corporation

Astronics Corporation is a supplier of products to the aerospace, defense, electronics and semiconductor industries. The Company’s products and services include electrical power generation, distribution and motion systems, lighting and safety systems, avionics products, aircraft structures, systems certification and automated test systems.

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Institutional Ownership by Quarter for Astronics Corporation (NASDAQ:ATRO)

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