Neuberger Berman Group LLC Has $62,788,000 Stake in Astronics Corp. (ATRO)
Neuberger Berman Group LLC raised its stake in Astronics Corp. (NASDAQ:ATRO) by 0.7% during the third quarter, according to its most recent 13F filing with the SEC. The fund owned 1,393,738 shares of the company’s stock after buying an additional 9,547 shares during the period. Neuberger Berman Group LLC owned 4.79% of Astronics Corp. worth $62,788,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also modified their holdings of ATRO. Swiss National Bank boosted its position in shares of Astronics Corp. by 10.8% in the second quarter. Swiss National Bank now owns 29,700 shares of the company’s stock valued at $988,000 after buying an additional 2,900 shares in the last quarter. Ameriprise Financial Inc. acquired a new position in shares of Astronics Corp. during the second quarter valued at $1,691,000. Dana Investment Advisors Inc. boosted its position in shares of Astronics Corp. by 29.1% in the second quarter. Dana Investment Advisors Inc. now owns 45,149 shares of the company’s stock valued at $1,502,000 after buying an additional 10,189 shares in the last quarter. Intrust Bank NA acquired a new position in shares of Astronics Corp. during the second quarter valued at $213,000. Finally, Dynamic Technology Lab Private Ltd acquired a new position in shares of Astronics Corp. during the second quarter valued at $450,000. Institutional investors and hedge funds own 57.34% of the company’s stock.
Shares of Astronics Corp. (NASDAQ:ATRO) opened at 38.00 on Wednesday. The company has a market capitalization of $1.10 billion, a P/E ratio of 21.86 and a beta of 1.28. The stock’s 50 day moving average is $35.93 and its 200 day moving average is $34.63. Astronics Corp. has a 12 month low of $21.53 and a 12 month high of $40.84.
Astronics Corp. (NASDAQ:ATRO) last posted its quarterly earnings data on Tuesday, November 8th. The company reported $0.41 EPS for the quarter, missing the consensus estimate of $0.49 by $0.08. The firm had revenue of $155.10 million for the quarter, compared to the consensus estimate of $166.08 million. Astronics Corp. had a return on equity of 16.66% and a net margin of 8.24%. The company’s revenue was down 22.5% compared to the same quarter last year. During the same quarter last year, the firm earned $0.94 EPS. On average, equities analysts predict that Astronics Corp. will post $1.74 EPS for the current fiscal year.
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ATRO has been the topic of several analyst reports. Zacks Investment Research cut shares of Astronics Corp. from a “hold” rating to a “strong sell” rating in a research note on Monday, October 10th. Canaccord Genuity lifted their price target on shares of Astronics Corp. from $48.00 to $50.00 and gave the stock a “buy” rating in a research note on Monday, September 26th.
Astronics Corp. Company Profile
Astronics Corporation is a supplier of products to the aerospace, defense, electronics and semiconductor industries. The Company’s products and services include electrical power generation, distribution and motion systems, lighting and safety systems, avionics products, aircraft structures, systems certification and automated test systems.
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