20,650 Shares in Astronics Corporation $ATRO Purchased by VIRGINIA RETIREMENT SYSTEMS ET Al

VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new stake in shares of Astronics Corporation (NASDAQ:ATRO) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 20,650 shares of the aerospace company’s stock, valued at approximately $1,678,000.

Other large investors also recently bought and sold shares of the company. Quarry LP grew its stake in shares of Astronics by 33.6% during the 4th quarter. Quarry LP now owns 568 shares of the aerospace company’s stock worth $31,000 after purchasing an additional 143 shares during the period. EverSource Wealth Advisors LLC lifted its stake in shares of 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 period. Allworth Financial LP lifted its stake in shares of Astronics by 57.1% in 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 holdings in Astronics by 41.0% during the third quarter. US Bancorp DE now owns 966 shares of the aerospace company’s stock worth $44,000 after buying an additional 281 shares in the last quarter. Finally, Hazlett Burt & Watson Inc. boosted its holdings in Astronics by 24.5% during the fourth quarter. Hazlett Burt & Watson Inc. now owns 1,525 shares of the aerospace company’s stock worth $83,000 after buying an additional 300 shares in the last quarter. 56.68% of the stock is owned by institutional investors and hedge funds.

Astronics Price Performance

Astronics stock opened at $73.98 on Friday. The company’s fifty day moving average price is $74.80 and its 200 day moving average price is $69.17. Astronics Corporation has a 1 year low of $32.62 and a 1 year high of $94.46. The stock has a market capitalization of $3.18 billion, a P/E ratio of 43.52 and a beta of 1.20. The company has a debt-to-equity ratio of 1.57, a quick ratio of 1.63 and a current ratio of 2.97.

Astronics (NASDAQ:ATRO) last posted its quarterly earnings data on Tuesday, August 11th. The aerospace company reported $0.70 earnings per share for the quarter, topping analysts’ consensus estimates of $0.59 by $0.11. The company had revenue of $259.96 million during the quarter, compared to analysts’ expectations of $245.30 million. Astronics had a net margin of 8.40% and a return on equity of 67.69%. The firm’s quarterly revenue was up 46.9% compared to the same quarter last year. As a group, equities research analysts anticipate that Astronics Corporation will post 2.74 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts have weighed in on the stock. TD Cowen lifted their price objective on shares of Astronics from $70.83 to $83.33 and gave the company a “buy” rating in a report on Thursday, May 28th. Wall Street Zen raised shares of Astronics from a “buy” rating to a “strong-buy” rating in a research note on Sunday, August 16th. Weiss Ratings restated a “sell (d-)” rating on shares of Astronics in a research report on Friday, July 17th. Finally, Zacks Research lowered Astronics from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 7th. 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 issued a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $74.17.

Astronics Profile

Astronics Corporation (NASDAQ: ATRO) designs and manufactures advanced aerospace and defense systems and equipment. Its products include aircraft lighting, electrical power and distribution systems, cabin electronics, connectivity solutions, avionics, and other specialized components used in commercial, business, general aviation, and military aircraft.

The company also provides automated test systems and related equipment used to test aerospace, defense, and other electronic systems. Its offerings support aircraft manufacturers, airlines, defense contractors, and maintenance organizations, as well as customers in the space and transportation markets.

Founded in 1968 and headquartered in East Aurora, New York, Astronics serves customers through operations and sales activities in the United States and international markets.