AQR Capital Management LLC Has $757,000 Stock Holdings in Astronics Co. (NASDAQ:ATRO)

AQR Capital Management LLC raised its holdings in shares of Astronics Co. (NASDAQ:ATRO) by 11.1% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 37,793 shares of the aerospace company’s stock after purchasing an additional 3,786 shares during the quarter. AQR Capital Management LLC owned approximately 0.11% of Astronics worth $757,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of ATRO. Bares Capital Management Inc. lifted its holdings in shares of Astronics by 10.4% during the first quarter. Bares Capital Management Inc. now owns 899,351 shares of the aerospace company’s stock worth $17,124,000 after buying an additional 84,659 shares in the last quarter. Cubist Systematic Strategies LLC acquired a new stake in shares of Astronics during the second quarter worth $857,000. Dimensional Fund Advisors LP lifted 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 worth $17,806,000 after buying an additional 40,438 shares in the last quarter. Senator Investment Group LP lifted 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 worth $10,391,000 after buying an additional 36,980 shares in the last quarter. Finally, First Eagle Investment Management LLC lifted 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 worth $7,840,000 after buying an additional 30,550 shares in the last quarter. Institutional investors and hedge funds own 56.68% of the company’s stock.

Astronics Stock Up 5.4 %

Shares of NASDAQ ATRO opened at $20.40 on Monday. The company has a debt-to-equity ratio of 0.67, a quick ratio of 1.50 and a current ratio of 2.92. Astronics Co. has a 52 week low of $14.11 and a 52 week high of $23.74. The stock has a market capitalization of $710.78 million, a P/E ratio of -26.49 and a beta of 1.82. The stock’s fifty day moving average is $19.81 and its 200 day moving average is $19.55.

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

Wall Street Analyst Weigh In

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

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.