Quantamental Technologies LLC Purchases Shares of 1,543 Astronics Co. (ATRO)

Quantamental Technologies LLC purchased a new stake in Astronics Co. (NASDAQ:ATRO) during the first quarter, HoldingsChannel.com reports. The firm purchased 1,543 shares of the aerospace company’s stock, valued at approximately $50,000.

Several other institutional investors and hedge funds also recently made changes to their positions in ATRO. BlackRock Inc. boosted its holdings in shares of Astronics by 16.9% in the 4th quarter. BlackRock Inc. now owns 2,941,886 shares of the aerospace company’s stock valued at $89,581,000 after purchasing an additional 425,325 shares during the last quarter. Bank of New York Mellon Corp raised its stake in shares of Astronics by 240.6% in the 4th quarter. Bank of New York Mellon Corp now owns 323,261 shares of the aerospace company’s stock valued at $9,843,000 after acquiring an additional 228,363 shares during the period. Federated Investors Inc. PA raised its stake in shares of Astronics by 148.3% in the 3rd quarter. Federated Investors Inc. PA now owns 357,000 shares of the aerospace company’s stock valued at $15,530,000 after acquiring an additional 213,200 shares during the period. Millennium Management LLC raised its stake in shares of Astronics by 80.8% in the 4th quarter. Millennium Management LLC now owns 249,945 shares of the aerospace company’s stock valued at $7,611,000 after acquiring an additional 111,735 shares during the period. Finally, Roubaix Capital LLC purchased a new position in shares of Astronics in the 1st quarter valued at $2,686,000. Institutional investors own 67.08% of the company’s stock.

ATRO has been the topic of a number of research reports. BidaskClub downgraded shares of Astronics from a “buy” rating to a “hold” rating in a research note on Tuesday, January 22nd. Zacks Investment Research downgraded shares of Astronics from a “hold” rating to a “sell” rating in a research note on Wednesday, January 23rd. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of $41.67.

Shares of ATRO stock opened at $40.39 on Wednesday. Astronics Co. has a 52 week low of $27.56 and a 52 week high of $46.56. The company has a current ratio of 2.44, a quick ratio of 1.50 and a debt-to-equity ratio of 0.25. The firm has a market capitalization of $1.28 billion, a PE ratio of 28.65, a price-to-earnings-growth ratio of 2.05 and a beta of 1.79.

Astronics (NASDAQ:ATRO) last issued its earnings results on Wednesday, May 8th. The aerospace company reported $0.48 EPS for the quarter, beating the Zacks’ consensus estimate of $0.37 by $0.11. Astronics had a net margin of 14.61% and a return on equity of 15.16%. The business had revenue of $208.20 million for the quarter, compared to the consensus estimate of $192.10 million. During the same quarter last year, the firm posted $0.11 EPS. The business’s revenue for the quarter was up 16.2% compared to the same quarter last year. On average, equities analysts expect that Astronics Co. will post 1.92 earnings per share for the current year.

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About Astronics

Astronics Corporation, through its subsidiaries, designs and manufactures products for the aerospace, defense, electronics, and semiconductor industries worldwide. It operates in two segments, Aerospace and Test Systems. The Aerospace segment offers lighting and safety systems; electrical power generation, distribution, and motions systems; aircraft structures; avionics products; system certification; and connectivity and other products.

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Institutional Ownership by Quarter for Astronics (NASDAQ:ATRO)

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