Gabelli Funds LLC Has $994,000 Stock Position in Astronics Co. (NASDAQ:ATRO)

Gabelli Funds LLC decreased its position in Astronics Co. (NASDAQ:ATRO) by 7.8% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 52,200 shares of the aerospace company’s stock after selling 4,428 shares during the period. Gabelli Funds LLC’s holdings in Astronics were worth $994,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. ACK Asset Management LLC grew its holdings in shares of Astronics by 1.6% in the 4th quarter. ACK Asset Management LLC now owns 1,529,000 shares of the aerospace company’s stock valued at $26,635,000 after buying an additional 24,000 shares during the period. Vanguard Group Inc. lifted its position in Astronics by 1.6% in the 1st quarter. Vanguard Group Inc. now owns 1,448,121 shares of the aerospace company’s stock valued at $27,572,000 after acquiring an additional 23,444 shares in the last quarter. Bares Capital Management Inc. lifted its position in Astronics by 12.8% in the 4th quarter. Bares Capital Management Inc. now owns 814,692 shares of the aerospace company’s stock valued at $14,192,000 after acquiring an additional 92,574 shares in the last quarter. Senator Investment Group LP lifted its position in Astronics by 7.3% in the 1st quarter. Senator Investment Group LP now owns 545,754 shares of the aerospace company’s stock valued at $10,391,000 after acquiring an additional 36,980 shares in the last quarter. Finally, First Eagle Investment Management LLC lifted its position in Astronics by 4.4% in the 1st quarter. First Eagle Investment Management LLC now owns 360,876 shares of the aerospace company’s stock valued at $6,871,000 after acquiring an additional 15,300 shares in the last quarter. Institutional investors and hedge funds own 56.68% of the company’s stock.

Astronics Stock Up 1.2 %

ATRO traded up $0.26 during trading on Friday, hitting $22.48. The company had a trading volume of 208,967 shares, compared to its average volume of 162,178. Astronics Co. has a one year low of $14.11 and a one year high of $23.74. The firm’s 50-day moving average price is $20.39 and its 200 day moving average price is $18.75. The company has a current ratio of 2.59, a quick ratio of 1.27 and a debt-to-equity ratio of 0.61.

Astronics (NASDAQ:ATRO) last issued its quarterly earnings results on Thursday, May 2nd. The aerospace company reported ($0.09) EPS for the quarter, missing the consensus estimate of $0.05 by ($0.14). Astronics had a negative return on equity of 5.93% and a negative net margin of 3.51%. The business had revenue of $185.07 million for the quarter, compared to the consensus estimate of $172.74 million. During the same period last year, the firm earned ($0.14) earnings per share. As a group, equities research analysts predict that Astronics Co. will post 0.49 EPS for the current fiscal year.

Analysts Set New Price Targets

Separately, Truist Financial boosted their price objective on shares of Astronics from $19.00 to $20.00 and gave the company a “hold” rating in a research report on Wednesday, July 17th.

About Astronics

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.