Dimensional Fund Advisors LP Buys 40,438 Shares of Astronics Co. (NASDAQ:ATRO)

Dimensional Fund Advisors LP increased its stake in Astronics Co. (NASDAQ:ATRO) by 4.8% during the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 888,942 shares of the aerospace company’s stock after purchasing an additional 40,438 shares during the quarter. Dimensional Fund Advisors LP’s holdings in Astronics were worth $17,806,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of ATRO. nVerses Capital LLC bought a new position in Astronics in the 2nd quarter worth $28,000. Public Employees Retirement System of Ohio purchased a new stake in Astronics in the 1st quarter worth $31,000. Allspring Global Investments Holdings LLC increased its stake in Astronics by 4,973.1% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 10,958 shares of the aerospace company’s stock worth $219,000 after buying an additional 10,742 shares in the last quarter. Hennion & Walsh Asset Management Inc. purchased a new stake in Astronics in the 1st quarter worth $239,000. Finally, American International Group Inc. increased its stake in Astronics by 4.5% in the 1st quarter. American International Group Inc. now owns 13,662 shares of the aerospace company’s stock worth $260,000 after buying an additional 589 shares in the last quarter. 56.68% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Separately, Truist Financial increased their price target on Astronics from $20.00 to $22.00 and gave the stock a “hold” rating in a research note on Friday, August 2nd.

Astronics Trading Up 3.4 %

Shares of Astronics stock opened at $19.98 on Friday. The firm has a market cap of $696.14 million, a price-to-earnings ratio of -25.95 and a beta of 1.82. The business has a 50-day moving average price of $20.01 and a 200-day moving average price of $19.48. The company has a quick ratio of 1.50, a current ratio of 2.92 and a debt-to-equity ratio of 0.67. Astronics Co. has a twelve month low of $14.11 and a twelve month high of $23.74.

Astronics (NASDAQ:ATRO) last released its quarterly earnings results on Thursday, August 1st. The aerospace company reported $0.04 EPS for the quarter, missing the consensus estimate of $0.17 by ($0.13). The company had revenue of $198.11 million during the quarter, compared to analysts’ expectations of $191.19 million. Astronics had a negative return on equity of 0.31% and a negative net margin of 1.57%. During the same quarter in the prior year, the business posted ($0.37) EPS. Equities research analysts anticipate that Astronics Co. will post 0.36 EPS for the current fiscal year.

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.