Astronics Corporation (ATRO) Holdings Increased by Scout Investments Inc.

Scout Investments Inc. grew its stake in shares of Astronics Corporation (NASDAQ:ATRO) by 122.0% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 92,950 shares of the aerospace company’s stock after buying an additional 51,075 shares during the quarter. Scout Investments Inc. owned about 323,867.60% of Astronics Corporation worth $2,765,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently added to or reduced their stakes in the business. Mondrian Investment Partners LTD grew its stake in shares of Astronics Corporation by 26.7% in the 3rd quarter. Mondrian Investment Partners LTD now owns 153,627 shares of the aerospace company’s stock worth $4,570,000 after purchasing an additional 32,404 shares during the last quarter. American Century Companies Inc. grew its stake in shares of Astronics Corporation by 8.4% in the 3rd quarter. American Century Companies Inc. now owns 30,763 shares of the aerospace company’s stock worth $915,000 after purchasing an additional 2,382 shares during the last quarter. Gamco Investors INC. ET AL grew its stake in shares of Astronics Corporation by 8.4% in the 3rd quarter. Gamco Investors INC. ET AL now owns 20,700 shares of the aerospace company’s stock worth $616,000 after purchasing an additional 1,600 shares during the last quarter. First Trust Advisors LP acquired a new position in shares of Astronics Corporation in the 3rd quarter worth approximately $616,000. Finally, Mesirow Financial Investment Management Inc. acquired a new position in shares of Astronics Corporation in the 2nd quarter worth approximately $522,000. Institutional investors own 64.45% of the company’s stock.

Astronics Corporation (NASDAQ ATRO) opened at $38.22 on Friday. The firm has a market cap of $1,096.95, a P/E ratio of 32.39, a PEG ratio of 1.89 and a beta of 1.04. The company has a quick ratio of 1.70, a current ratio of 3.30 and a debt-to-equity ratio of 0.46. Astronics Corporation has a 1 year low of $23.95 and a 1 year high of $41.03.

Astronics Corporation (NASDAQ:ATRO) last released its earnings results on Tuesday, November 7th. The aerospace company reported $0.21 earnings per share for the quarter, missing the consensus estimate of $0.35 by ($0.14). The firm had revenue of $149.64 million during the quarter, compared to analysts’ expectations of $154.90 million. Astronics Corporation had a return on equity of 10.24% and a net margin of 5.80%. The business’s revenue was down 3.5% on a year-over-year basis. During the same period last year, the business earned $0.41 earnings per share. research analysts predict that Astronics Corporation will post 1.35 EPS for the current year.

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Several brokerages have recently issued reports on ATRO. SunTrust Banks, Inc. reaffirmed a “hold” rating and issued a $35.00 price objective on shares of Astronics Corporation in a research note on Friday. Zacks Investment Research raised shares of Astronics Corporation from a “sell” rating to a “hold” rating in a research note on Friday. Dougherty & Co lifted their price objective on shares of Astronics Corporation from $35.00 to $40.00 and gave the stock a “buy” rating in a research note on Wednesday. Canaccord Genuity reaffirmed a “buy” rating and issued a $40.00 price objective on shares of Astronics Corporation in a research note on Tuesday, November 7th. Finally, BidaskClub cut shares of Astronics Corporation from a “sell” rating to a “strong sell” rating in a research note on Monday, July 24th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the company. Astronics Corporation has a consensus rating of “Hold” and an average price target of $37.25.

Astronics Corporation Company Profile

Astronics Corporation is a supplier of products to the aerospace, defense, electronics and semiconductor industries. The Company’s products and services include electrical power generation, distribution and motion systems, lighting and safety systems, avionics products, aircraft structures, systems certification and automated test systems.

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Institutional Ownership by Quarter for Astronics Corporation (NASDAQ:ATRO)

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