White Pine Capital LLC Sells 14,458 Shares of Astronics Co. (NASDAQ:ATRO)

White Pine Capital LLC decreased its stake in Astronics Co. (NASDAQ:ATRO) by 12.2% in the fourth quarter, Holdings Channel.com reports. The firm owned 104,472 shares of the aerospace company’s stock after selling 14,458 shares during the period. White Pine Capital LLC’s holdings in Astronics were worth $1,820,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of ATRO. BKM Wealth Management LLC purchased a new position in shares of Astronics in the 4th quarter worth approximately $64,000. RiverPark Advisors LLC purchased a new position in shares of Astronics in the 3rd quarter worth approximately $75,000. DekaBank Deutsche Girozentrale purchased a new position in shares of Astronics in the 3rd quarter worth approximately $178,000. SG Americas Securities LLC purchased a new position in shares of Astronics in the 3rd quarter worth approximately $185,000. Finally, Jump Financial LLC boosted its holdings in shares of Astronics by 24.1% in the 3rd quarter. Jump Financial LLC now owns 21,708 shares of the aerospace company’s stock worth $344,000 after purchasing an additional 4,220 shares during the period. Hedge funds and other institutional investors own 56.68% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the company. StockNews.com upgraded Astronics from a “hold” rating to a “buy” rating in a report on Thursday, February 29th. Truist Financial boosted their price objective on Astronics from $18.00 to $21.00 and gave the company a “hold” rating in a report on Friday, March 1st.

Astronics Trading Up 2.9 %

ATRO traded up $0.46 during trading hours on Friday, reaching $16.58. 94,285 shares of the company’s stock traded hands, compared to its average volume of 91,872. The firm has a 50-day moving average price of $17.92 and a 200 day moving average price of $16.87. Astronics Co. has a 52-week low of $14.06 and a 52-week high of $22.44. The company has a quick ratio of 1.38, a current ratio of 2.72 and a debt-to-equity ratio of 0.64. The firm has a market capitalization of $572.34 million, a PE ratio of -20.22 and a beta of 1.62.

Astronics (NASDAQ:ATRO) last posted its quarterly earnings data on Wednesday, February 28th. The aerospace company reported $0.20 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.12 by $0.08. Astronics had a negative return on equity of 6.53% and a negative net margin of 3.83%. The company had revenue of $195.29 million during the quarter, compared to analysts’ expectations of $188.35 million. As a group, sell-side analysts predict that Astronics Co. will post 0.71 EPS for the current fiscal year.

Insiders Place Their Bets

In other Astronics news, EVP Michael C. Kuehn sold 2,209 shares of the company’s stock in a transaction on Thursday, February 29th. The stock was sold at an average price of $20.16, for a total value of $44,533.44. Following the completion of the sale, the executive vice president now directly owns 14,248 shares in the company, valued at approximately $287,239.68. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other Astronics news, EVP Michael C. Kuehn sold 2,209 shares of the company’s stock in a transaction on Thursday, February 29th. The stock was sold at an average price of $20.16, for a total value of $44,533.44. Following the completion of the sale, the executive vice president now directly owns 14,248 shares in the company, valued at approximately $287,239.68. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Michael C. Kuehn sold 7,074 shares of the company’s stock in a transaction on Thursday, March 14th. The stock was sold at an average price of $17.72, for a total value of $125,351.28. Following the completion of the sale, the executive vice president now owns 12,875 shares of the company’s stock, valued at $228,145. The disclosure for this sale can be found here. Company insiders own 10.86% of the company’s stock.

Astronics Company 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.