Scout Investments Inc. Has $5.02 Million Holdings in Astronics Co. (ATRO)

Share on StockTwits

Scout Investments Inc. grew its position in shares of Astronics Co. (NASDAQ:ATRO) by 2.1% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 115,353 shares of the aerospace company’s stock after acquiring an additional 2,412 shares during the quarter. Scout Investments Inc. owned 0.41% of Astronics worth $5,018,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Mesirow Financial Investment Management Inc. boosted its holdings in Astronics by 21.0% during the 2nd quarter. Mesirow Financial Investment Management Inc. now owns 9,783 shares of the aerospace company’s stock worth $352,000 after acquiring an additional 1,699 shares during the last quarter. HGK Asset Management Inc. boosted its holdings in Astronics by 17.2% during the 2nd quarter. HGK Asset Management Inc. now owns 15,678 shares of the aerospace company’s stock worth $564,000 after acquiring an additional 2,297 shares during the last quarter. California Public Employees Retirement System boosted its holdings in Astronics by 13.9% during the 2nd quarter. California Public Employees Retirement System now owns 21,529 shares of the aerospace company’s stock worth $774,000 after acquiring an additional 2,629 shares during the last quarter. Aperio Group LLC boosted its holdings in Astronics by 33.4% during the 2nd quarter. Aperio Group LLC now owns 11,026 shares of the aerospace company’s stock worth $397,000 after acquiring an additional 2,763 shares during the last quarter. Finally, Bank of Montreal Can purchased a new position in Astronics during the 2nd quarter worth $105,000. 71.12% of the stock is currently owned by hedge funds and other institutional investors.

ATRO has been the topic of a number of analyst reports. BidaskClub downgraded shares of Astronics from a “buy” rating to a “hold” rating in a report on Thursday, September 13th. Zacks Investment Research raised shares of Astronics from a “sell” rating to a “hold” rating in a report on Wednesday, August 8th. Canaccord Genuity reaffirmed a “hold” rating and set a $41.00 price objective on shares of Astronics in a report on Friday, August 3rd. TheStreet raised shares of Astronics from a “c+” rating to a “b-” rating in a report on Tuesday, October 9th. Finally, ValuEngine raised shares of Astronics from a “hold” rating to a “buy” rating in a report on Thursday, July 19th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and one has given a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $42.25.

In other news, CEO Peter J. Gundermann sold 47,322 shares of Astronics stock in a transaction on Friday, August 3rd. The stock was sold at an average price of $45.00, for a total transaction of $2,129,490.00. Following the sale, the chief executive officer now directly owns 54,743 shares in the company, valued at approximately $2,463,435. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider James S. Kramer sold 11,800 shares of Astronics stock in a transaction on Wednesday, August 22nd. The stock was sold at an average price of $46.02, for a total value of $543,036.00. Following the sale, the insider now owns 42,003 shares in the company, valued at $1,932,978.06. The disclosure for this sale can be found here. Insiders own 16.57% of the company’s stock.

NASDAQ ATRO opened at $32.89 on Friday. The firm has a market cap of $952.59 million, a PE ratio of 26.31, a price-to-earnings-growth ratio of 2.28 and a beta of 1.92. Astronics Co. has a one year low of $31.78 and a one year high of $49.45. The company has a current ratio of 3.05, a quick ratio of 1.68 and a debt-to-equity ratio of 0.75.

Astronics (NASDAQ:ATRO) last released its earnings results on Friday, August 3rd. The aerospace company reported $0.49 EPS for the quarter, topping the Zacks’ consensus estimate of $0.40 by $0.09. The company had revenue of $208.60 million for the quarter, compared to analysts’ expectations of $195.91 million. Astronics had a return on equity of 10.28% and a net margin of 2.50%. The business’s revenue for the quarter was up 38.1% compared to the same quarter last year. During the same period in the previous year, the business posted $0.26 EPS. As a group, sell-side analysts forecast that Astronics Co. will post 1.49 EPS for the current fiscal year.

Astronics Profile

Astronics Corporation, through its subsidiaries, designs and manufactures products for the aerospace, defense, electronics, and semiconductor industries worldwide. It operates in two segments, Aerospace and Test Systems. The Aerospace segment offers lighting and safety systems; electrical power generation, distribution, and motions systems; aircraft structures; avionics products; system certification; and connectivity and other products.

Featured Article: The benefits and drawbacks of dollar cost averaging

Institutional Ownership by Quarter for Astronics (NASDAQ:ATRO)

Receive News & Ratings for Astronics Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Astronics and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply