Prudential Financial Inc. bought a new stake in shares of Astronics Corporation (NASDAQ:ATRO) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 22,640 shares of the aerospace company’s stock, valued at approximately $718,000.

Several other large investors have also made changes to their positions in ATRO. BNP Paribas Arbitrage SA raised its stake in shares of Astronics Corporation by 11.0% in the first quarter. BNP Paribas Arbitrage SA now owns 4,745 shares of the aerospace company’s stock valued at $151,000 after buying an additional 472 shares during the last quarter. Advisors Asset Management Inc. raised its position in shares of Astronics Corporation by 16.5% in the first quarter. Advisors Asset Management Inc. now owns 7,310 shares of the aerospace company’s stock valued at $232,000 after buying an additional 1,038 shares during the last quarter. JPMorgan Chase & Co. raised its position in shares of Astronics Corporation by 37.9% in the first quarter. JPMorgan Chase & Co. now owns 7,534 shares of the aerospace company’s stock valued at $239,000 after buying an additional 2,069 shares during the last quarter. Mesirow Financial Investment Management Equity Management raised its position in Astronics Corporation by 44.2% in the first quarter. Mesirow Financial Investment Management Equity Management now owns 12,698 shares of the aerospace company’s stock worth $402,000 after buying an additional 3,890 shares in the last quarter. Finally, State Board of Administration of Florida Retirement System raised its position in Astronics Corporation by 12.0% in the fourth quarter. State Board of Administration of Florida Retirement System now owns 13,717 shares of the aerospace company’s stock worth $464,000 after buying an additional 1,466 shares in the last quarter. Institutional investors own 63.76% of the company’s stock.

Astronics Corporation (ATRO) traded up 0.15% during trading on Friday, hitting $26.18. The stock had a trading volume of 177,168 shares. The company has a market cap of $751.39 million, a price-to-earnings ratio of 19.00 and a beta of 1.13. The company has a 50-day moving average price of $28.70 and a 200-day moving average price of $30.76. Astronics Corporation has a 52-week low of $23.95 and a 52-week high of $41.03.

Astronics Corporation (NASDAQ:ATRO) last announced its quarterly earnings data on Wednesday, August 2nd. The aerospace company reported $0.26 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.40 by $0.14. Astronics Corporation had a net margin of 6.73% and a return on equity of 12.12%. The business had revenue of $151.11 million for the quarter, compared to analysts’ expectations of $162.33 million. During the same period in the prior year, the company posted $0.50 EPS. The firm’s revenue was down 8.1% on a year-over-year basis. Equities research analysts forecast that Astronics Corporation will post $1.42 EPS for the current year.

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A number of research firms have recently weighed in on ATRO. Canaccord Genuity restated a “buy” rating and issued a $34.00 target price on shares of Astronics Corporation in a report on Wednesday. Zacks Investment Research downgraded Astronics Corporation from a “hold” rating to a “strong sell” rating in a research report on Friday, August 4th. BidaskClub downgraded Astronics Corporation from a “sell” rating to a “strong sell” rating in a research report on Monday, July 24th. Finally, TheStreet downgraded Astronics Corporation from a “b-” rating to a “c+” rating in a research report on Wednesday, June 7th. Two investment analysts have rated the stock with a sell rating, one has assigned a hold rating and one has assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $34.33.

Astronics Corporation 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.

Institutional Ownership by Quarter for Astronics Corporation (NASDAQ:ATRO)

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