Astronics Co. (NASDAQ:ATRO) Short Interest Down 21.5% in May

Astronics Co. (NASDAQ:ATROGet Free Report) saw a large decrease in short interest during the month of May. As of May 31st, there was short interest totalling 433,100 shares, a decrease of 21.5% from the May 15th total of 551,800 shares. Based on an average trading volume of 119,100 shares, the short-interest ratio is presently 3.6 days.

Analyst Upgrades and Downgrades

ATRO has been the topic of a number of analyst reports. StockNews.com upgraded shares of Astronics from a “hold” rating to a “buy” rating in a report on Thursday, February 29th. Truist Financial lowered their target price on shares of Astronics from $21.00 to $19.00 and set a “hold” rating on the stock in a report on Friday, May 3rd.

View Our Latest Stock Report on Astronics

Astronics Stock Down 1.9 %

ATRO stock traded down $0.36 during trading on Friday, reaching $18.42. The stock had a trading volume of 603,004 shares, compared to its average volume of 109,278. Astronics has a one year low of $14.11 and a one year high of $22.44. The company has a current ratio of 2.59, a quick ratio of 1.27 and a debt-to-equity ratio of 0.61. The company’s 50 day moving average is $18.59 and its two-hundred day moving average is $17.85.

Astronics (NASDAQ:ATROGet Free Report) last issued its quarterly earnings data on Thursday, May 2nd. The aerospace company reported ($0.09) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.05 by ($0.14). Astronics had a negative return on equity of 5.93% and a negative net margin of 3.51%. The firm had revenue of $185.07 million during the quarter, compared to the consensus estimate of $172.74 million. During the same period in the previous year, the company posted ($0.14) earnings per share. On average, analysts predict that Astronics will post 0.53 EPS for the current fiscal year.

Institutional Investors Weigh In On Astronics

A number of institutional investors have recently added to or reduced their stakes in ATRO. Bares Capital Management Inc. grew its position in shares of Astronics by 10.4% during the 1st quarter. Bares Capital Management Inc. now owns 899,351 shares of the aerospace company’s stock valued at $17,124,000 after acquiring an additional 84,659 shares during the period. Public Employees Retirement System of Ohio bought a new position in Astronics in the 1st quarter worth approximately $31,000. Senator Investment Group LP boosted its holdings in Astronics by 7.3% in the 1st 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 during the period. Advisors Asset Management Inc. lifted its stake in Astronics by 103.1% in the 1st quarter. Advisors Asset Management Inc. now owns 47,322 shares of the aerospace company’s stock worth $901,000 after purchasing an additional 24,027 shares in the last quarter. Finally, American International Group Inc. lifted 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 purchasing an additional 589 shares in the last quarter. 56.68% of the stock is owned by institutional investors.

Astronics Company Profile

(Get Free Report)

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.

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