Astronics Co. (NASDAQ:ATRO) Shares Sold by DekaBank Deutsche Girozentrale

DekaBank Deutsche Girozentrale cut its holdings in Astronics Co. (NASDAQ:ATRO) by 6.9% during the 4th quarter, Holdings Channel reports. The firm owned 10,300 shares of the aerospace company’s stock after selling 767 shares during the period. DekaBank Deutsche Girozentrale’s holdings in Astronics were worth $180,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of ATRO. MetLife Investment Management LLC lifted its stake in Astronics by 54.2% in the 1st quarter. MetLife Investment Management LLC now owns 13,979 shares of the aerospace company’s stock valued at $181,000 after buying an additional 4,911 shares in the last quarter. BlackRock Inc. lifted its position in shares of Astronics by 2.5% in the first quarter. BlackRock Inc. now owns 2,122,674 shares of the aerospace company’s stock valued at $27,446,000 after acquiring an additional 52,176 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of Astronics by 10.5% during the first quarter. Dimensional Fund Advisors LP now owns 727,669 shares of the aerospace company’s stock valued at $9,409,000 after acquiring an additional 68,864 shares during the last quarter. XTX Topco Ltd purchased a new stake in Astronics during the 1st quarter worth about $148,000. Finally, Arrowstreet Capital Limited Partnership acquired a new position in Astronics in the 1st quarter valued at about $307,000. 56.68% of the stock is owned by hedge funds and other institutional investors.

Astronics Price Performance

Shares of NASDAQ:ATRO opened at $16.66 on Wednesday. The company has a market cap of $575.10 million, a P/E ratio of -20.32 and a beta of 1.62. The business has a fifty day simple moving average of $18.29 and a 200-day simple moving average of $16.86. Astronics Co. has a 52 week low of $14.06 and a 52 week high of $22.44. The company has a quick ratio of 1.38, a current ratio of 2.72 and a debt-to-equity ratio of 0.64.

Astronics (NASDAQ:ATRO) last posted its quarterly earnings results on Wednesday, February 28th. The aerospace company reported $0.20 EPS for the quarter, beating the consensus estimate of $0.12 by $0.08. Astronics had a negative return on equity of 6.53% and a negative net margin of 3.83%. The company had revenue of $195.29 million during the quarter, compared to analysts’ expectations of $188.35 million. Equities research analysts forecast that Astronics Co. will post 0.71 EPS for the current year.

Insider Activity at Astronics

In other Astronics news, EVP Michael C. Kuehn sold 7,074 shares of the stock in a transaction that occurred on Thursday, March 14th. The shares were sold at an average price of $17.72, for a total transaction of $125,351.28. Following the transaction, the executive vice president now owns 12,875 shares of the company’s stock, valued at $228,145. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other news, EVP Michael C. Kuehn sold 7,074 shares of the company’s stock in a transaction on Thursday, March 14th. The stock was sold at an average price of $17.72, for a total transaction of $125,351.28. Following the completion of the sale, the executive vice president now directly owns 12,875 shares in the company, valued at approximately $228,145. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Michael C. Kuehn sold 2,209 shares of the stock in a transaction on Thursday, February 29th. The stock was sold at an average price of $20.16, for a total value of $44,533.44. Following the completion of the transaction, the executive vice president now directly owns 14,248 shares in the company, valued at $287,239.68. The disclosure for this sale can be found here. 10.83% of the stock is owned by insiders.

Wall Street Analyst Weigh In

ATRO has been the topic of several analyst reports. StockNews.com raised shares of Astronics from a “hold” rating to a “buy” rating in a research note on Thursday, February 29th. Truist Financial raised their target price on shares of Astronics from $18.00 to $21.00 and gave the stock a “hold” rating in a research report on Friday, March 1st.

Astronics Profile

Astronics Corporation, through its subsidiaries, designs and manufactures products for the aerospace, defense, and electronics industries in the United States, rest of North America, Asia, Europe, South America, and internationally. The company operates in two segments, Aerospace and Test Systems. The Aerospace segment offers lighting and safety systems, electrical power generation systems, distribution and seat motions systems, aircraft structures, avionics products, system certification, and other products.