Royce & Associates LP Has $18.87 Million Holdings in Astronics Co. (NASDAQ:ATRO)

Royce & Associates LP decreased its position in Astronics Co. (NASDAQ:ATRO) by 1.4% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 968,736 shares of the aerospace company’s stock after selling 13,807 shares during the period. Royce & Associates LP owned approximately 2.78% of Astronics worth $18,871,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Vanguard Group Inc. lifted its holdings in Astronics by 1.6% in the first quarter. Vanguard Group Inc. now owns 1,448,121 shares of the aerospace company’s stock valued at $27,572,000 after buying an additional 23,444 shares during the period. Bares Capital Management Inc. lifted its holdings in Astronics by 10.4% in the first quarter. Bares Capital Management Inc. now owns 899,351 shares of the aerospace company’s stock valued at $17,124,000 after buying an additional 84,659 shares during the period. Dimensional Fund Advisors LP raised its holdings in shares of Astronics by 4.8% during the second quarter. Dimensional Fund Advisors LP now owns 888,942 shares of the aerospace company’s stock valued at $17,806,000 after purchasing an additional 40,438 shares during the period. Senator Investment Group LP raised its holdings in shares of Astronics by 7.3% during the first quarter. Senator Investment Group LP now owns 545,754 shares of the aerospace company’s stock valued at $10,391,000 after purchasing an additional 36,980 shares during the period. Finally, First Eagle Investment Management LLC raised its holdings in shares of Astronics by 8.5% during the second quarter. First Eagle Investment Management LLC now owns 391,426 shares of the aerospace company’s stock valued at $7,840,000 after purchasing an additional 30,550 shares during the period. Institutional investors and hedge funds own 56.68% of the company’s stock.

Astronics Trading Up 1.6 %

Shares of ATRO stock opened at $16.54 on Friday. Astronics Co. has a 52-week low of $14.58 and a 52-week high of $23.74. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.46 and a current ratio of 2.83. The company has a 50-day simple moving average of $19.06 and a two-hundred day simple moving average of $19.74. The company has a market capitalization of $576.25 million, a price-to-earnings ratio of -87.05 and a beta of 1.83.

Wall Street Analysts Forecast Growth

Separately, Truist Financial dropped their price objective on shares of Astronics from $22.00 to $20.00 and set a “hold” rating on the stock in a report on Friday, October 18th.

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.