Gamco Investors INC. ET AL Acquires 3,500 Shares of Astronics Co. (NASDAQ:ATRO)

Gamco Investors INC. ET AL increased its holdings in Astronics Co. (NASDAQ:ATRO) by 27.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 16,300 shares of the aerospace company’s stock after acquiring an additional 3,500 shares during the quarter. Gamco Investors INC. ET AL’s holdings in Astronics were worth $260,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also added to or reduced their stakes in the stock. Gabelli Funds LLC boosted its stake in shares of Astronics by 28.7% during the 4th quarter. Gabelli Funds LLC now owns 67,326 shares of the aerospace company’s stock valued at $1,075,000 after purchasing an additional 15,000 shares in the last quarter. Jump Financial LLC raised its position in shares of Astronics by 161.3% in the 4th quarter. Jump Financial LLC now owns 45,220 shares of the aerospace company’s stock worth $722,000 after acquiring an additional 27,915 shares in the last quarter. Barclays PLC boosted its position in shares of Astronics by 16.9% during the fourth quarter. Barclays PLC now owns 52,960 shares of the aerospace company’s stock valued at $846,000 after purchasing an additional 7,647 shares in the last quarter. Neuberger Berman Group LLC grew its stake in Astronics by 16.7% in the fourth quarter. Neuberger Berman Group LLC now owns 35,000 shares of the aerospace company’s stock worth $559,000 after purchasing an additional 5,000 shares during the period. Finally, Renaissance Technologies LLC lifted its position in Astronics by 139.3% during the fourth quarter. Renaissance Technologies LLC now owns 286,700 shares of the aerospace company’s stock valued at $4,576,000 after buying an additional 166,900 shares during the period. Institutional investors own 56.68% of the company’s stock.

Astronics Stock Down 4.5 %

NASDAQ:ATRO opened at $21.76 on Friday. The firm has a 50-day simple moving average of $22.56 and a two-hundred day simple moving average of $19.18. The firm has a market cap of $767.45 million, a P/E ratio of -114.52 and a beta of 1.26. Astronics Co. has a fifty-two week low of $14.13 and a fifty-two week high of $26.63. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.46 and a current ratio of 2.83.

Astronics (NASDAQ:ATRO) last announced its quarterly earnings data on Tuesday, March 4th. The aerospace company reported $0.48 earnings per share for the quarter, topping analysts’ consensus estimates of $0.21 by $0.27. Astronics had a negative net margin of 0.82% and a positive return on equity of 6.94%. The company had revenue of $208.54 million during the quarter, compared to analyst estimates of $194.91 million. During the same period in the previous year, the business earned $0.35 EPS. Analysts predict that Astronics Co. will post 0.82 earnings per share for the current fiscal year.

Insider Activity at Astronics

In other news, Director Robert S. Keane sold 77,099 shares of Astronics stock in a transaction that occurred on Friday, March 7th. The shares were sold at an average price of $24.55, for a total value of $1,892,780.45. Following the completion of the sale, the director now directly owns 6,346 shares in the company, valued at $155,794.30. The trade was a 92.39 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. 10.83% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

ATRO has been the topic of a number of recent research reports. StockNews.com upgraded shares of Astronics from a “hold” rating to a “buy” rating in a report on Thursday, March 6th. Truist Financial dropped their target price on Astronics from $23.00 to $21.00 and set a “hold” rating on the stock in a report on Thursday.

Astronics 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.