Dimensional Fund Advisors LP Buys 58,149 Shares of Astronics Co. (NASDAQ:ATRO)

Dimensional Fund Advisors LP grew its stake in shares of Astronics Co. (NASDAQ:ATRO) by 6.2% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 998,506 shares of the aerospace company’s stock after buying an additional 58,149 shares during the quarter. Dimensional Fund Advisors LP’s holdings in Astronics were worth $15,936,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Franklin Resources Inc. lifted its holdings in shares of Astronics by 3.4% during the fourth quarter. Franklin Resources Inc. now owns 20,882 shares of the aerospace company’s stock worth $333,000 after purchasing an additional 693 shares during the period. Swiss National Bank lifted its holdings in Astronics by 2.2% during the 4th quarter. Swiss National Bank now owns 54,800 shares of the aerospace company’s stock worth $875,000 after buying an additional 1,200 shares during the period. Federated Hermes Inc. grew its position in shares of Astronics by 4.7% in the 4th quarter. Federated Hermes Inc. now owns 35,844 shares of the aerospace company’s stock valued at $572,000 after buying an additional 1,612 shares during the last quarter. Legal & General Group Plc increased its stake in shares of Astronics by 2.7% in the fourth quarter. Legal & General Group Plc now owns 68,426 shares of the aerospace company’s stock valued at $1,092,000 after buying an additional 1,770 shares during the period. Finally, AlphaQuest LLC increased its stake in shares of Astronics by 355.5% in the fourth quarter. AlphaQuest LLC now owns 3,576 shares of the aerospace company’s stock valued at $57,000 after buying an additional 2,791 shares during the period. Institutional investors own 56.68% of the company’s stock.

Insiders Place Their Bets

In other news, Director Robert S. Keane sold 77,099 shares of the stock in a transaction dated Friday, March 7th. The shares were sold at an average price of $24.55, for a total transaction of $1,892,780.45. Following the transaction, the director now owns 6,346 shares of the company’s stock, valued at $155,794.30. This represents a 92.39 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 10.86% of the company’s stock.

Astronics Stock Performance

ATRO stock opened at $26.86 on Friday. Astronics Co. has a 1-year low of $14.13 and a 1-year high of $28.39. The company has a current ratio of 2.83, a quick ratio of 1.46 and a debt-to-equity ratio of 0.72. The stock has a 50-day moving average price of $23.54 and a 200-day moving average price of $19.47. The firm has a market cap of $947.15 million, a PE ratio of -141.33 and a beta of 1.44.

Astronics (NASDAQ:ATRO) last issued its quarterly earnings results on Tuesday, May 6th. The aerospace company reported $0.44 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.25 by $0.19. The firm had revenue of $205.94 million for the quarter, compared to analyst estimates of $192.53 million. Astronics had a positive return on equity of 6.94% and a negative net margin of 0.82%. As a group, equities research analysts expect that Astronics Co. will post 0.82 earnings per share for the current year.

Analysts Set New Price Targets

Several brokerages recently commented on ATRO. Truist Financial reduced their target price on Astronics from $23.00 to $21.00 and set a “hold” rating on the stock in a report on Thursday, April 17th. StockNews.com raised shares of Astronics from a “hold” rating to a “buy” rating in a research note on Thursday, March 6th.

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.