Integrated Quantitative Investments LLC Makes New $338,000 Investment in Astronics Co. (NASDAQ:ATRO)

Integrated Quantitative Investments LLC bought a new position in Astronics Co. (NASDAQ:ATRO) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 21,200 shares of the aerospace company’s stock, valued at approximately $338,000. Integrated Quantitative Investments LLC owned about 0.06% of Astronics at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. AlphaQuest LLC increased its stake in shares of Astronics by 355.5% in the 4th quarter. AlphaQuest LLC now owns 3,576 shares of the aerospace company’s stock valued at $57,000 after buying an additional 2,791 shares during the period. KLP Kapitalforvaltning AS bought a new stake in shares of Astronics during the 4th quarter valued at $73,000. Point72 Asset Management L.P. lifted its stake in shares of Astronics by 337.9% in the 3rd quarter. Point72 Asset Management L.P. now owns 5,356 shares of the aerospace company’s stock valued at $104,000 after purchasing an additional 4,133 shares during the period. Point72 Asia Singapore Pte. Ltd. bought a new position in shares of Astronics in the 3rd quarter worth $106,000. Finally, Arcadia Investment Management Corp MI acquired a new stake in shares of Astronics during the fourth quarter worth $135,000. 56.68% of the stock is currently owned by institutional investors and hedge funds.

Astronics Stock Down 6.0 %

NASDAQ:ATRO opened at $22.32 on Friday. Astronics Co. has a 1 year low of $14.13 and a 1 year high of $26.63. The stock has a 50-day moving average price of $21.56 and a two-hundred day moving average price of $18.99. The stock has a market cap of $787.20 million, a price-to-earnings ratio of -117.47 and a beta of 1.74. The company has a current ratio of 2.83, a quick ratio of 1.46 and a debt-to-equity ratio of 0.72.

Astronics (NASDAQ:ATRO) last issued its quarterly earnings data on Tuesday, March 4th. The aerospace company reported $0.48 EPS for the quarter, topping analysts’ consensus estimates of $0.21 by $0.27. The business had revenue of $208.54 million for the quarter, compared to analyst estimates of $194.91 million. Astronics had a negative net margin of 0.82% and a positive return on equity of 6.94%. During the same period last year, the business posted $0.35 earnings per share. As a group, equities analysts expect that Astronics Co. will post 0.82 earnings per share for the current year.

Insiders Place Their Bets

In related news, Director Robert S. Keane sold 77,099 shares of the stock in a transaction that occurred on 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 completion of the transaction, the director now directly owns 6,346 shares of the company’s stock, valued at approximately $155,794.30. This represents a 92.39 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 10.86% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the company. StockNews.com upgraded Astronics from a “hold” rating to a “buy” rating in a report on Thursday, March 6th. Truist Financial upped their target price on shares of Astronics from $17.00 to $23.00 and gave the company a “hold” rating in a research note on Wednesday, March 5th.

Astronics 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.