8,451 Shares in Astronics Corporation $ATRO Bought by Flputnam Investment Management Co.

Flputnam Investment Management Co. acquired a new stake in shares of Astronics Corporation (NASDAQ:ATRO) in the second quarter, HoldingsChannel reports. The fund acquired 8,451 shares of the aerospace company’s stock, valued at approximately $686,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. raised its position in Astronics by 2.0% during the fourth quarter. Vanguard Group Inc. now owns 1,975,693 shares of the aerospace company’s stock valued at $107,162,000 after acquiring an additional 39,527 shares in the last quarter. Emerald Advisers LLC grew its position in Astronics by 85.0% in the first quarter. Emerald Advisers LLC now owns 449,126 shares of the aerospace company’s stock worth $29,970,000 after acquiring an additional 206,399 shares in the last quarter. Emerald Mutual Fund Advisers Trust grew its position in Astronics by 78.1% in the first quarter. Emerald Mutual Fund Advisers Trust now owns 279,159 shares of the aerospace company’s stock worth $18,628,000 after acquiring an additional 122,440 shares in the last quarter. Hennion & Walsh Asset Management Inc. increased its stake in shares of Astronics by 20.6% during the 2nd quarter. Hennion & Walsh Asset Management Inc. now owns 79,689 shares of the aerospace company’s stock worth $6,476,000 after purchasing an additional 13,613 shares during the last quarter. Finally, Sei Investments Co. increased its stake in shares of Astronics by 153.4% during the 1st quarter. Sei Investments Co. now owns 71,039 shares of the aerospace company’s stock worth $4,740,000 after purchasing an additional 43,007 shares during the last quarter. Hedge funds and other institutional investors own 56.68% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the stock. Zacks Research raised shares of Astronics from a “hold” rating to a “strong-buy” rating in a research note on Monday, July 20th. Wall Street Zen raised shares of Astronics from a “buy” rating to a “strong-buy” rating in a research report on Sunday. Weiss Ratings restated a “sell (d-)” rating on shares of Astronics in a report on Friday, July 17th. Truist Financial raised Astronics to a “strong-buy” rating in a research report on Monday, May 4th. Finally, TD Cowen boosted their price target on Astronics from $70.83 to $83.33 and gave the stock a “buy” rating in a research report on Thursday, May 28th. Three analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Buy” and an average target price of $74.17.

Astronics Trading Down 0.4%

Shares of ATRO stock opened at $93.05 on Tuesday. Astronics Corporation has a 12 month low of $27.89 and a 12 month high of $94.46. The company has a quick ratio of 1.63, a current ratio of 2.97 and a debt-to-equity ratio of 1.57. The business’s 50 day moving average is $75.75 and its two-hundred day moving average is $67.56. The company has a market cap of $4.00 billion, a PE ratio of 54.74 and a beta of 1.15.

Astronics (NASDAQ:ATRO) last released its quarterly earnings results on Tuesday, August 11th. The aerospace company reported $0.70 EPS for the quarter, beating analysts’ consensus estimates of $0.59 by $0.11. Astronics had a net margin of 8.40% and a return on equity of 67.69%. The company had revenue of $259.96 million for the quarter, compared to analyst estimates of $245.30 million. The business’s quarterly revenue was up 46.9% on a year-over-year basis. Equities analysts predict that Astronics Corporation will post 2.55 EPS for the current year.

Astronics Company 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.