American Century Companies Inc. Has $11.38 Million Stock Position in Astronics Corporation $ATRO

American Century Companies Inc. increased its holdings in Astronics Corporation (NASDAQ:ATRO) by 659.8% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 339,947 shares of the aerospace company’s stock after acquiring an additional 295,208 shares during the period. American Century Companies Inc. owned about 0.96% of Astronics worth $11,381,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Informed Momentum Co LLC acquired a new position in Astronics in the 1st quarter valued at approximately $3,070,000. Vanguard Group Inc. raised its stake in shares of Astronics by 1.7% during the 1st quarter. Vanguard Group Inc. now owns 1,601,632 shares of the aerospace company’s stock worth $38,711,000 after purchasing an additional 27,025 shares in the last quarter. Federated Hermes Inc. lifted its holdings in shares of Astronics by 56.2% during the 1st quarter. Federated Hermes Inc. now owns 55,980 shares of the aerospace company’s stock valued at $1,353,000 after buying an additional 20,136 shares during the last quarter. PDT Partners LLC grew its stake in shares of Astronics by 39.6% in the 1st quarter. PDT Partners LLC now owns 88,785 shares of the aerospace company’s stock valued at $2,146,000 after buying an additional 25,203 shares in the last quarter. Finally, Cove Street Capital LLC bought a new stake in shares of Astronics in the 1st quarter valued at approximately $400,000. Hedge funds and other institutional investors own 56.68% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently commented on the stock. Zacks Research upgraded shares of Astronics from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, November 4th. Truist Financial upped their price objective on shares of Astronics from $49.00 to $58.00 and gave the stock a “buy” rating in a report on Wednesday, October 15th. Craig Hallum began coverage on shares of Astronics in a research report on Friday, October 10th. They set a “buy” rating and a $60.00 target price on the stock. Wall Street Zen downgraded Astronics from a “strong-buy” rating to a “buy” rating in a research note on Tuesday. Finally, TD Cowen assumed coverage on Astronics in a report on Wednesday, November 26th. They set a “buy” rating and a $65.00 price target on the stock. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and one has issued a Sell rating to the company. Based on data from MarketBeat, Astronics has a consensus rating of “Moderate Buy” and a consensus price target of $61.00.

Astronics Stock Performance

NASDAQ ATRO opened at $50.88 on Friday. The company’s fifty day moving average is $48.88 and its two-hundred day moving average is $39.77. Astronics Corporation has a 52-week low of $15.41 and a 52-week high of $55.28. The company has a debt-to-equity ratio of 3.07, a current ratio of 2.87 and a quick ratio of 1.56. The firm has a market capitalization of $1.81 billion, a price-to-earnings ratio of -565.27 and a beta of 1.12.

Astronics (NASDAQ:ATRO) last announced its quarterly earnings data on Tuesday, November 4th. The aerospace company reported $0.49 EPS for the quarter, beating analysts’ consensus estimates of $0.42 by $0.07. Astronics had a negative net margin of 0.37% and a positive return on equity of 29.65%. The business had revenue of $211.45 million during the quarter, compared to analyst estimates of $210.80 million. Equities research analysts forecast that Astronics Corporation will post 0.82 EPS for the current 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.