Royal Bank of Canada increased its stake in shares of Astronics Corp. (NASDAQ:ATRO) by 10.2% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,428,005 shares of the company’s stock after buying an additional 132,410 shares during the period. Royal Bank of Canada owned about 5.60% of Astronics Corp. worth $54,479,000 at the end of the most recent quarter.
Other hedge funds also recently modified their holdings of the company. Eaton Vance Management bought a new stake in shares of Astronics Corp. during the fourth quarter valued at about $9,696,000. Pioneer Investment Management Inc. bought a new stake in shares of Astronics Corp. during the fourth quarter valued at about $7,995,000. Mondrian Investment Partners LTD increased its position in Astronics Corp. by 15,370.1% in the first quarter. Mondrian Investment Partners LTD now owns 98,235 shares of the company’s stock valued at $3,748,000 after buying an additional 97,600 shares in the last quarter. Wellington Management Group LLP increased its position in Astronics Corp. by 5.9% in the first quarter. Wellington Management Group LLP now owns 1,580,396 shares of the company’s stock valued at $60,292,000 after buying an additional 87,543 shares in the last quarter. Finally, Wells Fargo & Company MN increased its position in Astronics Corp. by 17.2% in the fourth quarter. Wells Fargo & Company MN now owns 492,128 shares of the company’s stock valued at $20,036,000 after buying an additional 72,045 shares in the last quarter.
Astronics Corp. (NASDAQ:ATRO) traded down 1.50% during trading on Thursday, reaching $37.46. The company’s stock had a trading volume of 67,637 shares. The company has a market capitalization of $955.98 million and a P/E ratio of 14.53. The company’s 50-day moving average is $35.05 and its 200-day moving average is $34.95. Astronics Corp. has a 1-year low of $24.75 and a 1-year high of $54.77.
Several equities analysts have weighed in on the company. KeyCorp raised Astronics Corp. from a “sector weight” rating to an “overweight” rating in a research report on Wednesday, June 29th. Dougherty & Co lifted their target price on Astronics Corp. from $50.00 to $52.00 and gave the company a “buy” rating in a research report on Thursday, May 5th. Finally, Zacks Investment Research raised Astronics Corp. from a “sell” rating to a “hold” rating in a research report on Monday, May 2nd. One analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Astronics Corp. presently has a consensus rating of “Buy” and an average price target of $54.40.
In related news, EVP James S. Kramer sold 3,000 shares of the stock in a transaction on Wednesday, June 1st. The stock was sold at an average price of $38.12, for a total transaction of $114,360.00. Following the sale, the executive vice president now owns 42,600 shares of the company’s stock, valued at $1,623,912. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Robert T. Brady acquired 4,500 shares of the firm’s stock in a transaction that occurred on Wednesday, May 18th. The shares were bought at an average cost of $35.39 per share, for a total transaction of $159,255.00. Following the purchase, the director now owns 20,397 shares of the company’s stock, valued at $721,849.83. The disclosure for this purchase can be found here.
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.
