Caxton Associates LLP Buys New Shares in Astronics Corporation $ATRO

Caxton Associates LLP purchased a new position in shares of Astronics Corporation (NASDAQ:ATRO) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 47,531 shares of the aerospace company’s stock, valued at approximately $1,591,000. Caxton Associates LLP owned about 0.13% of Astronics as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently made changes to their positions in the stock. Vanguard Group Inc. lifted its position in 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 acquiring an additional 27,025 shares in the last quarter. PDT Partners LLC grew its holdings in Astronics by 39.6% during the 1st quarter. PDT Partners LLC now owns 88,785 shares of the aerospace company’s stock worth $2,146,000 after acquiring an additional 25,203 shares in the last quarter. Cove Street Capital LLC acquired a new position in Astronics in the first quarter worth about $400,000. Longboard Asset Management LP bought a new position in shares of Astronics in the 2nd quarter worth about $222,000. Finally, Invesco Ltd. lifted its holdings in Astronics by 22.1% in the first quarter. Invesco Ltd. now owns 50,851 shares of the aerospace company’s stock worth $1,229,000 after acquiring an additional 9,218 shares during the last quarter. Institutional investors and hedge funds own 56.68% of the company’s stock.

Astronics Stock Performance

Shares of NASDAQ:ATRO opened at $52.31 on Tuesday. The company has a debt-to-equity ratio of 3.07, a current ratio of 2.87 and a quick ratio of 1.56. Astronics Corporation has a 1 year low of $15.41 and a 1 year high of $55.65. The stock has a market capitalization of $1.86 billion, a price-to-earnings ratio of -581.16 and a beta of 1.12. The company’s 50 day simple moving average is $49.86 and its 200 day simple moving average is $40.99.

Astronics (NASDAQ:ATRO) last released its earnings results on Tuesday, November 4th. The aerospace company reported $0.49 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.42 by $0.07. Astronics had a positive return on equity of 29.65% and a negative net margin of 0.37%.The firm had revenue of $211.45 million for the quarter, compared to analysts’ expectations of $210.80 million. As a group, research analysts predict that Astronics Corporation will post 0.82 EPS for the current fiscal year.

Wall Street Analyst Weigh In

ATRO has been the subject of a number of recent research reports. Weiss Ratings restated a “sell (d-)” rating on shares of Astronics in a research note on Wednesday, October 8th. Zacks Research raised Astronics from a “hold” rating to a “strong-buy” rating in a report on Tuesday, November 4th. Craig Hallum began coverage on Astronics in a research report on Friday, October 10th. They set a “buy” rating and a $60.00 price objective for the company. Cowen started coverage on shares of Astronics in a report on Wednesday, November 26th. They issued a “buy” rating for the company. Finally, TD Cowen initiated coverage on Astronics in a research report on Wednesday, November 26th. They issued a “buy” rating and a $65.00 target price for the company. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Astronics presently has a consensus rating of “Moderate Buy” and a consensus price target of $61.00.

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.