Astronics Co. (NASDAQ:ATRO) Director Robert S. Keane Sells 77,099 Shares

Astronics Co. (NASDAQ:ATRO) Director Robert S. Keane sold 77,099 shares of the business’s stock in a transaction dated Friday, March 7th. The stock was sold at an average price of $24.55, for a total transaction of $1,892,780.45. Following the sale, the director now owns 6,346 shares in the company, valued at $155,794.30. This trade represents a 92.39 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

Astronics Stock Down 1.3 %

ATRO stock opened at $24.28 on Thursday. The company has a current ratio of 2.83, a quick ratio of 1.46 and a debt-to-equity ratio of 0.72. The firm’s 50-day moving average is $18.52 and its two-hundred day moving average is $18.40. Astronics Co. has a 52 week low of $14.13 and a 52 week high of $25.54. The company has a market capitalization of $856.16 million, a price-to-earnings ratio of -127.78 and a beta of 1.74.

Astronics (NASDAQ:ATRO) last released its earnings results on Tuesday, March 4th. The aerospace company reported $0.48 EPS for the quarter, topping analysts’ consensus estimates of $0.21 by $0.27. Astronics had a negative net margin of 0.82% and a positive return on equity of 6.94%. The business had revenue of $208.54 million for the quarter, compared to the consensus estimate of $194.91 million. During the same period in the previous year, the firm earned $0.35 EPS. On average, analysts forecast that Astronics Co. will post 0.82 earnings per share for the current fiscal year.

Institutional Trading of Astronics

A number of hedge funds and other institutional investors have recently made changes to their positions in ATRO. Black Swift Group LLC bought a new stake in shares of Astronics in the 3rd quarter worth approximately $756,000. RiverPark Advisors LLC raised its holdings in shares of Astronics by 3.5% in the 3rd quarter. RiverPark Advisors LLC now owns 30,394 shares of the aerospace company’s stock worth $592,000 after purchasing an additional 1,015 shares in the last quarter. Advisors Asset Management Inc. raised its holdings in shares of Astronics by 32.2% in the 3rd quarter. Advisors Asset Management Inc. now owns 84,181 shares of the aerospace company’s stock worth $1,640,000 after purchasing an additional 20,514 shares in the last quarter. Charles Schwab Investment Management Inc. increased its position in shares of Astronics by 1.8% in the third quarter. Charles Schwab Investment Management Inc. now owns 81,169 shares of the aerospace company’s stock worth $1,581,000 after acquiring an additional 1,432 shares in the last quarter. Finally, Algert Global LLC raised its holdings in shares of Astronics by 367.2% during the third quarter. Algert Global LLC now owns 56,072 shares of the aerospace company’s stock valued at $1,092,000 after acquiring an additional 44,070 shares during the period. 56.68% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

ATRO has been the topic of a number of recent analyst reports. StockNews.com upgraded shares of Astronics from a “hold” rating to a “buy” rating in a research report on Thursday, March 6th. Truist Financial boosted their price target on shares of Astronics from $17.00 to $23.00 and gave the stock a “hold” rating in a research report on Wednesday, March 5th.

Astronics Company Profile

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.