Astronics Co. (NASDAQ:ATRO) Short Interest Up 5.1% in September

Astronics Co. (NASDAQ:ATRO) was the recipient of a significant growth in short interest in the month of September. As of September 30th, there was short interest totalling 373,900 shares, a growth of 5.1% from the September 15th total of 355,700 shares. Based on an average daily volume of 155,200 shares, the days-to-cover ratio is currently 2.4 days.

Astronics Stock Up 1.0 %

ATRO opened at $20.49 on Thursday. The company has a debt-to-equity ratio of 0.67, a current ratio of 2.92 and a quick ratio of 1.50. Astronics has a one year low of $14.11 and a one year high of $23.74. The firm has a market capitalization of $713.91 million, a P/E ratio of -26.61 and a beta of 1.82. The company has a fifty day moving average price of $19.88 and a 200-day moving average price of $19.57.

Astronics (NASDAQ:ATRO) last released its quarterly earnings results on Thursday, August 1st. The aerospace company reported $0.04 earnings per share for the quarter, missing the consensus estimate of $0.17 by ($0.13). Astronics had a negative net margin of 1.57% and a negative return on equity of 0.31%. The business had revenue of $198.11 million during the quarter, compared to analysts’ expectations of $191.19 million. During the same period in the previous year, the business earned ($0.37) EPS. Equities research analysts expect that Astronics will post 0.36 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Separately, Truist Financial lifted their price objective on shares of Astronics from $20.00 to $22.00 and gave the company a “hold” rating in a research note on Friday, August 2nd.

Institutional Investors Weigh In On Astronics

Several hedge funds have recently added to or reduced their stakes in the company. Fisher Asset Management LLC lifted its position in shares of Astronics by 9.4% in the 4th quarter. Fisher Asset Management LLC now owns 114,126 shares of the aerospace company’s stock worth $1,988,000 after purchasing an additional 9,783 shares during the period. Hennion & Walsh Asset Management Inc. bought a new stake in Astronics during the 1st quarter valued at approximately $239,000. BNP Paribas Financial Markets grew its holdings in shares of Astronics by 35.1% during the 1st quarter. BNP Paribas Financial Markets now owns 52,587 shares of the aerospace company’s stock worth $1,001,000 after acquiring an additional 13,656 shares during the period. RiverPark Advisors LLC raised its position in shares of Astronics by 360.9% in the 1st quarter. RiverPark Advisors LLC now owns 26,802 shares of the aerospace company’s stock worth $510,000 after acquiring an additional 20,987 shares in the last quarter. Finally, GSA Capital Partners LLP lifted its stake in shares of Astronics by 84.5% in the 1st quarter. GSA Capital Partners LLP now owns 33,248 shares of the aerospace company’s stock valued at $633,000 after purchasing an additional 15,228 shares during the period. Institutional investors own 56.68% of the company’s stock.

About Astronics

Astronics Corporation, through its subsidiaries, designs and manufactures products for the aerospace, defense, and electronics industries in the United States, rest of North America, Asia, Europe, South America, and internationally. The company operates in two segments, Aerospace and Test Systems. The Aerospace segment offers lighting and safety systems, electrical power generation systems, distribution and seat motions systems, aircraft structures, avionics products, system certification, and other products.