Fisher Asset Management LLC Buys Shares of 137,104 Astronics Co. (NASDAQ:ATRO)

Posted by on Apr 29th, 2023

Fisher Asset Management LLC bought a new stake in shares of Astronics Co. (NASDAQ:ATRO – Get Rating) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 137,104 shares of the aerospace company’s stock, valued at approximately $1,412,000. Fisher Asset Management LLC owned about 0.43% of Astronics at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the company. Vanguard Group Inc. increased its holdings in shares of Astronics by 26.6% in the third quarter. Vanguard Group Inc. now owns 1,574,964 shares of the aerospace company’s stock valued at $12,379,000 after purchasing an additional 330,858 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of Astronics by 10.5% in the first quarter. Dimensional Fund Advisors LP now owns 727,669 shares of the aerospace company’s stock valued at $9,409,000 after purchasing an additional 68,864 shares during the last quarter. BlackRock Inc. increased its holdings in shares of Astronics by 2.5% in the first quarter. BlackRock Inc. now owns 2,122,674 shares of the aerospace company’s stock valued at $27,446,000 after purchasing an additional 52,176 shares during the last quarter. Engineers Gate Manager LP increased its holdings in shares of Astronics by 77.0% in the first quarter. Engineers Gate Manager LP now owns 92,180 shares of the aerospace company’s stock valued at $1,192,000 after purchasing an additional 40,102 shares during the last quarter. Finally, AQR Capital Management LLC acquired a new stake in shares of Astronics in the second quarter valued at approximately $403,000. Institutional investors and hedge funds own 57.19% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the company. TheStreet raised Astronics from a “d” rating to a “c-” rating in a report on Thursday, March 2nd. StockNews.com initiated coverage on Astronics in a research report on Thursday, March 16th. They issued a “hold” rating for the company. Finally, Truist Financial increased their price objective on Astronics from $7.00 to $8.00 in a research report on Monday, January 9th.

Astronics Trading Up 0.1 %

Shares of Astronics stock opened at $14.74 on Friday. The firm has a market capitalization of $475.81 million, a price-to-earnings ratio of -13.28 and a beta of 1.56. Astronics Co. has a fifty-two week low of $7.46 and a fifty-two week high of $16.33. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.17 and a current ratio of 2.41. The stock has a 50 day moving average of $14.21 and a 200 day moving average of $11.76.

Astronics (NASDAQ:ATRO – Get Rating) last released its quarterly earnings results on Thursday, March 2nd. The aerospace company reported ($0.21) EPS for the quarter, missing the consensus estimate of ($0.16) by ($0.05). Astronics had a negative return on equity of 18.09% and a negative net margin of 6.68%. The firm had revenue of $158.15 million for the quarter, compared to analysts’ expectations of $157.50 million. As a group, research analysts predict that Astronics Co. will post 0.03 earnings per share for the current year.

Astronics Company Profile

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Astronics Corp. engages in the provision of electrical power generation and distribution systems. It includes motion systems, lighting and safety systems, avionics products, aircraft structures, systems certification, and automated test systems. It operates through the Aerospace and Test Systems segments.

See Also

Institutional Ownership by Quarter for Astronics (NASDAQ:ATRO)

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