Fisher Asset Management LLC Has $2.98 Million Stock Holdings in Astronics Corporation $ATRO

Fisher Asset Management LLC lowered its position in Astronics Corporation (NASDAQ:ATRO) by 24.4% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 65,279 shares of the aerospace company’s stock after selling 21,022 shares during the quarter. Fisher Asset Management LLC owned 0.18% of Astronics worth $2,977,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also added to or reduced their stakes in the company. AQR Capital Management LLC grew its holdings in Astronics by 20.4% during the 1st quarter. AQR Capital Management LLC now owns 112,210 shares of the aerospace company’s stock worth $2,712,000 after acquiring an additional 18,975 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of Astronics by 6.5% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 17,491 shares of the aerospace company’s stock worth $423,000 after purchasing an additional 1,069 shares during the last quarter. Millennium Management LLC grew its stake in shares of Astronics by 80.1% in the first quarter. Millennium Management LLC now owns 746,956 shares of the aerospace company’s stock worth $18,054,000 after purchasing an additional 332,133 shares during the last quarter. Goldman Sachs Group Inc. increased its holdings in Astronics by 26.1% in the first quarter. Goldman Sachs Group Inc. now owns 222,486 shares of the aerospace company’s stock valued at $5,377,000 after purchasing an additional 46,054 shares during the period. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in Astronics by 22.3% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 71,791 shares of the aerospace company’s stock worth $1,735,000 after purchasing an additional 13,104 shares during the last quarter. 56.68% of the stock is currently owned by institutional investors and hedge funds.

Astronics Price Performance

Astronics stock opened at $75.52 on Friday. The stock has a market capitalization of $2.69 billion, a price-to-earnings ratio of 98.08 and a beta of 1.06. Astronics Corporation has a 52-week low of $19.89 and a 52-week high of $83.96. The company has a debt-to-equity ratio of 2.39, a quick ratio of 1.71 and a current ratio of 3.10. The stock’s 50 day moving average price is $72.29 and its two-hundred day moving average price is $55.44.

Astronics (NASDAQ:ATRO) last released its earnings results on Tuesday, February 24th. The aerospace company reported $0.75 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.63 by $0.12. The company had revenue of $240.07 million for the quarter, compared to the consensus estimate of $237.11 million. Astronics had a net margin of 3.41% and a return on equity of 39.95%. Astronics’s quarterly revenue was up 15.1% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.46 EPS. On average, equities analysts predict that Astronics Corporation will post 0.82 earnings per share for the current year.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on ATRO shares. CJS Securities raised Astronics to a “strong-buy” rating in a research note on Thursday, December 11th. Weiss Ratings reissued a “sell (d-)” rating on shares of Astronics in a research report on Wednesday, January 21st. Truist Financial boosted their price target on shares of Astronics from $75.00 to $107.00 and gave the stock a “buy” rating in a research report on Wednesday, February 25th. TD Cowen started coverage on shares of Astronics in a research report on Wednesday, November 26th. They set a “buy” rating for the company. Finally, Wall Street Zen raised shares of Astronics from a “buy” rating to a “strong-buy” rating in a research note on Saturday, February 28th. Two equities research analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus target price of $77.33.

Astronics Company Profile

Astronics Corporation (NASDAQ: ATRO) is a global leader in the design and manufacture of advanced technologies primarily for the aerospace, defense and semiconductor industries. Headquartered in East Aurora, New York, the company was founded in 1968 and has grown through a combination of internal development and strategic acquisitions. Astronics operates multiple business units focused on power conversion, distribution and control; cabin electronics and connectivity; aircraft lighting and safety solutions; and automated test systems.

The company’s aerospace products include onboard power generation and management systems, in-flight entertainment and connectivity hardware, LED and fluorescent lighting for aircraft cabins and cockpits, and safety equipment such as escape slide power units.