White Pine Capital LLC Has $1.82 Million Stake in Astronics Co. (NASDAQ:ATRO)

White Pine Capital LLC trimmed its position in shares of Astronics Co. (NASDAQ:ATRO) by 12.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 104,472 shares of the aerospace company’s stock after selling 14,458 shares during the period. White Pine Capital LLC owned 0.31% of Astronics worth $1,820,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. boosted its position in shares of Astronics by 1.6% in the third quarter. Vanguard Group Inc. now owns 1,384,253 shares of the aerospace company’s stock valued at $21,954,000 after acquiring an additional 21,353 shares during the period. Schonfeld Strategic Advisors LLC boosted its position in shares of Astronics by 2.5% in the third quarter. Schonfeld Strategic Advisors LLC now owns 579,421 shares of the aerospace company’s stock valued at $9,190,000 after acquiring an additional 14,221 shares during the period. Lewis Capital Management LLC boosted its position in shares of Astronics by 4.0% in the third quarter. Lewis Capital Management LLC now owns 334,737 shares of the aerospace company’s stock valued at $5,309,000 after acquiring an additional 13,004 shares during the period. SG Americas Securities LLC bought a new stake in shares of Astronics in the third quarter valued at about $185,000. Finally, DekaBank Deutsche Girozentrale bought a new stake in shares of Astronics in the third quarter valued at about $178,000. 56.68% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the stock. Truist Financial upped their price objective on shares of Astronics from $18.00 to $21.00 and gave the stock a “hold” rating in a research report on Friday, March 1st. StockNews.com raised shares of Astronics from a “hold” rating to a “buy” rating in a research report on Thursday, February 29th.

Insider Buying and Selling at Astronics

In other Astronics news, EVP Michael C. Kuehn sold 7,074 shares of the stock in a transaction that occurred 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 sale, the executive vice president now owns 12,875 shares of the company’s stock, valued at approximately $228,145. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Astronics news, EVP Michael C. Kuehn sold 2,209 shares of the stock in a transaction that occurred on Thursday, February 29th. The shares were sold at an average price of $20.16, for a total transaction of $44,533.44. Following the completion of the sale, the executive vice president now owns 14,248 shares of the company’s stock, valued at approximately $287,239.68. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Michael C. Kuehn sold 7,074 shares of the stock in a transaction that occurred 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 sale, the executive vice president now directly owns 12,875 shares of the company’s stock, valued at approximately $228,145. The disclosure for this sale can be found here. Insiders own 10.86% of the company’s stock.

Astronics Trading Up 2.9 %

Shares of Astronics stock traded up $0.46 on Friday, hitting $16.58. The stock had a trading volume of 94,285 shares, compared to its average volume of 91,872. The stock has a 50 day moving average of $17.92 and a 200 day moving average of $16.87. Astronics Co. has a twelve month low of $14.06 and a twelve month high of $22.44. 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 firm has a market capitalization of $572.34 million, a P/E ratio of -20.22 and a beta of 1.62.

Astronics (NASDAQ:ATRO) last released its quarterly earnings data on Wednesday, February 28th. The aerospace company reported $0.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.12 by $0.08. Astronics had a negative return on equity of 6.53% and a negative net margin of 3.83%. The company had revenue of $195.29 million during the quarter, compared to the consensus estimate of $188.35 million. Sell-side analysts expect that Astronics Co. will post 0.71 earnings per share for the current fiscal year.

About Astronics

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.