Teton Advisors Inc. Sells 20,000 Shares of Astronics Co. (NASDAQ:ATRO)

Teton Advisors Inc. lessened its holdings in Astronics Co. (NASDAQ:ATRO) by 9.2% during the 4th quarter, Holdings Channel reports. The firm owned 198,000 shares of the aerospace company’s stock after selling 20,000 shares during the period. Astronics makes up approximately 1.1% of Teton Advisors Inc.’s portfolio, making the stock its 21st biggest position. Teton Advisors Inc.’s holdings in Astronics were worth $3,449,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of ATRO. ACK Asset Management LLC boosted its stake in Astronics by 1.6% in the fourth quarter. ACK Asset Management LLC now owns 1,529,000 shares of the aerospace company’s stock valued at $26,635,000 after acquiring an additional 24,000 shares during the last quarter. Clear Rock Advisors LLC bought a new position in shares of Astronics in the 4th quarter worth $204,000. First Eagle Investment Management LLC grew its stake in shares of Astronics by 1.8% during the fourth quarter. First Eagle Investment Management LLC now owns 345,576 shares of the aerospace company’s stock worth $6,020,000 after purchasing an additional 5,952 shares during the period. Janney Montgomery Scott LLC bought a new stake in Astronics in the fourth quarter valued at about $465,000. Finally, Psagot Value Holdings Ltd. Israel lifted its stake in Astronics by 856.5% in the fourth quarter. Psagot Value Holdings Ltd. Israel now owns 4,352 shares of the aerospace company’s stock valued at $77,000 after buying an additional 3,897 shares during the period. Institutional investors and hedge funds own 56.68% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on ATRO. StockNews.com raised Astronics from a “hold” rating to a “buy” rating in a research note on Thursday, February 29th. Truist Financial increased their target price on shares of Astronics from $18.00 to $21.00 and gave the stock a “hold” rating in a report on Friday, March 1st.

Astronics Trading Up 0.5 %

NASDAQ:ATRO traded up $0.08 on Monday, reaching $16.66. The company’s stock had a trading volume of 75,700 shares, compared to its average volume of 126,801. The firm has a market cap of $575.10 million, a PE ratio of -20.32 and a beta of 1.62. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.38 and a current ratio of 2.72. The business’s 50-day moving average price is $17.87 and its two-hundred day moving average price is $16.88. Astronics Co. has a 1-year low of $14.06 and a 1-year high of $22.44.

Astronics (NASDAQ:ATRO) last announced its quarterly earnings results on Wednesday, February 28th. The aerospace company reported $0.20 earnings per share for the quarter, beating analysts’ consensus estimates of $0.12 by $0.08. Astronics had a negative net margin of 3.83% and a negative return on equity of 6.53%. The firm had revenue of $195.29 million for the quarter, compared to analyst estimates of $188.35 million. Equities research analysts anticipate that Astronics Co. will post 0.71 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, EVP Michael C. Kuehn sold 7,074 shares of Astronics stock in a transaction that occurred on Thursday, March 14th. The shares were sold at an average price of $17.72, for a total value of $125,351.28. Following the sale, the executive vice president now directly owns 12,875 shares in the company, valued at $228,145. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, EVP Michael C. Kuehn sold 2,209 shares of the company’s stock in a transaction that occurred on Thursday, February 29th. The stock was sold at an average price of $20.16, for a total transaction of $44,533.44. Following the sale, the executive vice president now owns 14,248 shares in the company, valued at approximately $287,239.68. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Michael C. Kuehn sold 7,074 shares of the firm’s stock in a transaction on Thursday, March 14th. The shares were sold at an average price of $17.72, for a total transaction of $125,351.28. Following the completion of the transaction, the executive vice president now directly owns 12,875 shares of the company’s stock, valued at $228,145. The disclosure for this sale can be found here. 10.83% of the stock is owned by corporate insiders.

Astronics Company 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.