Cwm LLC Acquires 1,705 Shares of Astronics Corporation (NASDAQ:ATRO)

Cwm LLC boosted its stake in shares of Astronics Corporation (NASDAQ:ATRO) by 192.2% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,592 shares of the aerospace company’s stock after purchasing an additional 1,705 shares during the quarter. Cwm LLC’s holdings in Astronics were worth $63,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of ATRO. Dimensional Fund Advisors LP grew its stake in Astronics by 6.2% in the 4th quarter. Dimensional Fund Advisors LP now owns 998,506 shares of the aerospace company’s stock valued at $15,936,000 after buying an additional 58,149 shares during the last quarter. Schonfeld Strategic Advisors LLC lifted its position in Astronics by 58.7% during the fourth quarter. Schonfeld Strategic Advisors LLC now owns 881,504 shares of the aerospace company’s stock worth $14,069,000 after acquiring an additional 325,904 shares during the last quarter. Millennium Management LLC boosted its holdings in shares of Astronics by 881.6% during the fourth quarter. Millennium Management LLC now owns 414,823 shares of the aerospace company’s stock worth $6,621,000 after acquiring an additional 372,565 shares during the period. Ameriprise Financial Inc. grew its position in shares of Astronics by 493.7% in the fourth quarter. Ameriprise Financial Inc. now owns 363,286 shares of the aerospace company’s stock valued at $5,798,000 after purchasing an additional 302,092 shares during the last quarter. Finally, Renaissance Technologies LLC grew its position in shares of Astronics by 139.3% in the fourth quarter. Renaissance Technologies LLC now owns 286,700 shares of the aerospace company’s stock valued at $4,576,000 after purchasing an additional 166,900 shares during the last quarter. 56.68% of the stock is currently owned by institutional investors and hedge funds.

Astronics Stock Performance

NASDAQ ATRO opened at $34.26 on Friday. The firm has a 50-day moving average price of $33.51 and a two-hundred day moving average price of $26.24. Astronics Corporation has a 12-month low of $14.13 and a 12-month high of $37.31. The company has a market capitalization of $1.21 billion, a P/E ratio of -285.48 and a beta of 1.55. The company has a quick ratio of 1.49, a current ratio of 2.74 and a debt-to-equity ratio of 0.60.

Astronics (NASDAQ:ATRO) last issued its quarterly earnings results on Tuesday, May 6th. The aerospace company reported $0.44 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.25 by $0.19. Astronics had a positive return on equity of 18.45% and a negative net margin of 0.43%. The business had revenue of $205.94 million during the quarter, compared to analysts’ expectations of $192.53 million. Analysts anticipate that Astronics Corporation will post 0.82 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on ATRO shares. Wall Street Zen cut Astronics from a “strong-buy” rating to a “buy” rating in a report on Wednesday, May 21st. Truist Financial raised Astronics from a “hold” rating to a “buy” rating and set a $49.00 target price for the company in a report on Friday, July 11th.

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.