Scout Investments Inc. acquired a new position in Astronics Corporation (NASDAQ:ATRO) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 41,875 shares of the aerospace company’s stock, valued at approximately $1,276,000. Scout Investments Inc. owned approximately 0.15% of Astronics Corporation at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. BNP Paribas Arbitrage SA grew its position in shares of Astronics Corporation by 11.0% in the 1st quarter. BNP Paribas Arbitrage SA now owns 4,745 shares of the aerospace company’s stock worth $151,000 after buying an additional 472 shares during the period. Legal & General Group Plc grew its position in shares of Astronics Corporation by 12.0% in the 1st quarter. Legal & General Group Plc now owns 5,084 shares of the aerospace company’s stock worth $161,000 after buying an additional 543 shares during the period. Advisors Asset Management Inc. grew its position in shares of Astronics Corporation by 16.5% in the 1st quarter. Advisors Asset Management Inc. now owns 7,310 shares of the aerospace company’s stock worth $232,000 after buying an additional 1,038 shares during the period. JPMorgan Chase & Co. grew its position in shares of Astronics Corporation by 37.9% in the 1st quarter. JPMorgan Chase & Co. now owns 7,534 shares of the aerospace company’s stock worth $239,000 after buying an additional 2,069 shares during the period. Finally, Tudor Investment Corp ET AL purchased a new stake in shares of Astronics Corporation in the 1st quarter worth about $240,000. Institutional investors and hedge funds own 65.59% of the company’s stock.

Shares of Astronics Corporation (ATRO) opened at 26.17 on Monday. The stock has a 50 day moving average of $27.47 and a 200-day moving average of $30.27. The stock has a market capitalization of $751.11 million, a P/E ratio of 18.99 and a beta of 1.17. Astronics Corporation has a 52-week low of $23.95 and a 52-week high of $41.03.

Astronics Corporation (NASDAQ:ATRO) last released its quarterly earnings data on Wednesday, August 2nd. The aerospace company reported $0.26 earnings per share for the quarter, missing the consensus estimate of $0.40 by $0.14. The firm had revenue of $151.11 million during the quarter, compared to the consensus estimate of $162.33 million. Astronics Corporation had a net margin of 6.73% and a return on equity of 12.12%. The business’s revenue was down 8.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.50 earnings per share. Analysts predict that Astronics Corporation will post $1.42 EPS for the current fiscal year.

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ATRO has been the topic of a number of recent research reports. Zacks Investment Research downgraded shares of Astronics Corporation from a “hold” rating to a “strong sell” rating in a research report on Friday, August 4th. BidaskClub downgraded shares of Astronics Corporation from a “sell” rating to a “strong sell” rating in a research report on Monday, July 24th. TheStreet downgraded shares of Astronics Corporation from a “b-” rating to a “c+” rating in a research report on Wednesday, June 7th. Finally, Canaccord Genuity reaffirmed a “buy” rating and issued a $34.00 target price on shares of Astronics Corporation in a research report on Wednesday, August 16th. Two research analysts have rated the stock with a sell rating, one has issued a hold rating and one has issued a buy rating to the company. Astronics Corporation has a consensus rating of “Hold” and a consensus price target of $34.33.

Astronics Corporation 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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