Astronics Co. (NASDAQ:ATRO) Shares Bought by Assenagon Asset Management S.A.

Assenagon Asset Management S.A. lifted its holdings in shares of Astronics Co. (NASDAQ:ATRO) by 224.1% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm owned 128,757 shares of the aerospace company’s stock after buying an additional 89,033 shares during the period. Assenagon Asset Management S.A. owned approximately 0.37% of Astronics worth $3,112,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Millennium Management LLC lifted its position in Astronics by 881.6% in the fourth quarter. Millennium Management LLC now owns 414,823 shares of the aerospace company’s stock valued at $6,621,000 after purchasing an additional 372,565 shares during the period. Schonfeld Strategic Advisors LLC raised its stake in shares of Astronics by 58.7% during the 4th quarter. Schonfeld Strategic Advisors LLC now owns 881,504 shares of the aerospace company’s stock worth $14,069,000 after buying an additional 325,904 shares in the last quarter. Ameriprise Financial Inc. lifted its holdings in shares of Astronics by 493.7% in the 4th quarter. Ameriprise Financial Inc. now owns 363,286 shares of the aerospace company’s stock valued at $5,798,000 after buying an additional 302,092 shares during the period. Royce & Associates LP boosted its stake in shares of Astronics by 18.7% in the fourth quarter. Royce & Associates LP now owns 1,150,355 shares of the aerospace company’s stock valued at $18,360,000 after buying an additional 181,619 shares in the last quarter. Finally, Renaissance Technologies LLC grew its holdings in Astronics by 139.3% during the fourth quarter. Renaissance Technologies LLC now owns 286,700 shares of the aerospace company’s stock worth $4,576,000 after acquiring an additional 166,900 shares during the period. Hedge funds and other institutional investors own 56.68% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have commented on ATRO. Truist Financial raised their target price on Astronics from $24.00 to $32.00 and gave the company a “hold” rating in a report on Thursday, June 12th. Wall Street Zen cut shares of Astronics from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, May 21st.

Astronics Price Performance

Shares of NASDAQ:ATRO opened at $34.43 on Tuesday. The firm has a market capitalization of $1.22 billion, a price-to-earnings ratio of -181.20 and a beta of 1.56. The company has a debt-to-equity ratio of 0.72, a current ratio of 2.83 and a quick ratio of 1.46. The business’s 50 day simple moving average is $27.48 and its 200-day simple moving average is $22.15. Astronics Co. has a 12 month low of $14.13 and a 12 month high of $36.32.

Astronics (NASDAQ:ATRO) last posted its earnings results on Tuesday, May 6th. The aerospace company reported $0.44 EPS for the quarter, topping analysts’ consensus estimates of $0.25 by $0.19. Astronics had a positive return on equity of 6.94% and a negative net margin of 0.82%. The company had revenue of $205.94 million for the quarter, compared to the consensus estimate of $192.53 million. As a group, equities analysts forecast that Astronics Co. will post 0.82 earnings per share for the current fiscal year.

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.