Y Intercept Hong Kong Ltd Purchases New Position in Astronics Corporation $ATRO

Y Intercept Hong Kong Ltd bought a new position in shares of Astronics Corporation (NASDAQ:ATRO) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 18,901 shares of the aerospace company’s stock, valued at approximately $633,000. Y Intercept Hong Kong Ltd owned approximately 0.05% of Astronics as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also bought and sold shares of the company. Signaturefd LLC increased its stake in Astronics by 88.5% during the 1st quarter. Signaturefd LLC now owns 1,446 shares of the aerospace company’s stock worth $35,000 after purchasing an additional 679 shares in the last quarter. CWM LLC increased its stake in Astronics by 192.2% during the 1st quarter. CWM LLC now owns 2,592 shares of the aerospace company’s stock worth $63,000 after purchasing an additional 1,705 shares in the last quarter. Verdence Capital Advisors LLC bought a new stake in Astronics during the 2nd quarter worth approximately $219,000. Longboard Asset Management LP bought a new stake in Astronics during the 2nd quarter worth approximately $222,000. Finally, Brighton Jones LLC bought a new stake in Astronics during the 2nd quarter worth approximately $230,000. 56.68% of the stock is owned by institutional investors.

Insider Transactions at Astronics

In other Astronics news, insider James Mulato sold 1,129 shares of the firm’s stock in a transaction on Friday, September 5th. The stock was sold at an average price of $38.16, for a total transaction of $43,082.64. Following the completion of the sale, the insider owned 1,066 shares of the company’s stock, valued at $40,678.56. This trade represents a 51.44% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 10.83% of the stock is owned by corporate insiders.

Astronics Trading Down 1.3%

Shares of Astronics stock opened at $47.35 on Thursday. The business has a fifty day simple moving average of $44.48 and a two-hundred day simple moving average of $36.12. Astronics Corporation has a 1 year low of $14.13 and a 1 year high of $51.88. The company has a market capitalization of $1.68 billion, a price-to-earnings ratio of -394.55 and a beta of 1.63. The company has a debt-to-equity ratio of 0.59, a current ratio of 3.04 and a quick ratio of 1.63.

Astronics (NASDAQ:ATRO) last announced its quarterly earnings results on Tuesday, November 4th. The aerospace company reported $0.49 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.42 by $0.07. Astronics had a positive return on equity of 22.89% and a negative net margin of 0.45%.The business had revenue of $211.45 million during the quarter, compared to the consensus estimate of $210.80 million. Astronics has set its FY 2025 guidance at EPS. Research analysts forecast that Astronics Corporation will post 0.82 EPS for the current year.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on ATRO. Zacks Research cut Astronics from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 6th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Astronics in a research note on Wednesday, October 8th. Truist Financial raised their price target on shares of Astronics from $49.00 to $58.00 and gave the stock a “buy” rating in a research note on Wednesday, October 15th. Craig Hallum started coverage on shares of Astronics in a research note on Friday, October 10th. They set a “buy” rating and a $60.00 price target for the company. Finally, Wall Street Zen raised Astronics from a “hold” rating to a “buy” rating in a report on Saturday, October 18th. Two equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $59.00.

Astronics Company 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.