Astronics Corporation $ATRO Shares Purchased by Y Intercept Hong Kong Ltd

Y Intercept Hong Kong Ltd lifted its holdings in shares of Astronics Corporation (NASDAQ:ATRO) by 41.7% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 26,683 shares of the aerospace company’s stock after buying an additional 7,849 shares during the period. Y Intercept Hong Kong Ltd’s holdings in Astronics were worth $1,781,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of ATRO. Quarry LP grew its position in shares of Astronics by 33.6% during the fourth quarter. Quarry LP now owns 568 shares of the aerospace company’s stock worth $31,000 after acquiring an additional 143 shares during the last quarter. EverSource Wealth Advisors LLC lifted its position in Astronics by 19.8% in the 4th quarter. EverSource Wealth Advisors LLC now owns 1,137 shares of the aerospace company’s stock valued at $62,000 after purchasing an additional 188 shares during the last quarter. Allworth Financial LP boosted its stake in Astronics by 57.1% during the 4th quarter. Allworth Financial LP now owns 528 shares of the aerospace company’s stock valued at $29,000 after purchasing an additional 192 shares during the period. US Bancorp DE boosted its stake in Astronics by 41.0% during the 3rd quarter. US Bancorp DE now owns 966 shares of the aerospace company’s stock valued at $44,000 after purchasing an additional 281 shares during the period. Finally, Hazlett Burt & Watson Inc. grew its position in Astronics by 24.5% in the 4th quarter. Hazlett Burt & Watson Inc. now owns 1,525 shares of the aerospace company’s stock worth $83,000 after purchasing an additional 300 shares during the last quarter. Institutional investors and hedge funds own 56.68% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently commented on ATRO shares. Zacks Research cut Astronics from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, May 13th. Wall Street Zen upgraded Astronics from a “buy” rating to a “strong-buy” rating in a research report on Sunday, June 21st. Truist Financial raised Astronics to a “strong-buy” rating in a research note on Monday, May 4th. TD Cowen raised their price target on Astronics from $70.83 to $83.33 and gave the company a “buy” rating in a report on Thursday, May 28th. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of Astronics in a research note on Monday, April 20th. Two research analysts have rated the stock with a Strong Buy rating, two have given a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $74.17.

Astronics Stock Performance

Shares of NASDAQ ATRO opened at $71.86 on Friday. The stock’s fifty day simple moving average is $71.96 and its 200 day simple moving average is $63.69. The stock has a market capitalization of $3.09 billion, a price-to-earnings ratio of 73.08 and a beta of 1.13. The company has a quick ratio of 1.63, a current ratio of 2.97 and a debt-to-equity ratio of 2.07. Astronics Corporation has a 52-week low of $22.73 and a 52-week high of $88.72.

Astronics (NASDAQ:ATRO) last issued its quarterly earnings results on Tuesday, May 12th. The aerospace company reported $0.49 EPS for the quarter, beating the consensus estimate of $0.46 by $0.03. The business had revenue of $230.62 million during the quarter, compared to the consensus estimate of $225.52 million. Astronics had a net margin of 5.12% and a return on equity of 49.34%. The firm’s quarterly revenue was up 12.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.37 EPS. As a group, sell-side analysts forecast that Astronics Corporation will post 2.23 earnings per share for the current fiscal year.

Astronics 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.