Astronics Corporation (ATRO) : Mondrian Investment Partners Ltd scooped up 11,822 additional shares in Astronics Corporation during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 1, 2016. The investment management firm now holds a total of 110,057 shares of Astronics Corporation which is valued at $4,418,238.Astronics Corporation makes up approximately 0.10% of Mondrian Investment Partners Ltd’s portfolio.
Other Hedge Funds, Including , Gilder Gagnon Howe Co sold out all of its stake in ATRO during the most recent quarter. The investment firm sold 18,023 shares of ATRO which is valued $723,533.1st Global Advisors boosted its stake in ATRO in the latest quarter, The investment management firm added 228 additional shares and now holds a total of 16,237 shares of Astronics Corporation which is valued at $591,352. Astronics Corporation makes up approx 0.08% of 1st Global Advisors’s portfolio. Franklin Street Advisors Inc Nc sold out all of its stake in ATRO during the most recent quarter. The investment firm sold 12,447 shares of ATRO which is valued $432,907.
Astronics Corporation closed down -0.035 points or -0.09% at $40.11 with 1,24,219 shares getting traded on Thursday. Post opening the session at $39.79, the shares hit an intraday low of $39.2476 and an intraday high of $40.72 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.
On the company’s financial health, Astronics Corporation reported $0.57 EPS for the quarter, beating the analyst consensus estimate by $ 0.09 according to the earnings call on Aug 3, 2016. Analyst had a consensus of $0.48. The company had revenue of $164.42 million for the quarter, compared to analysts expectations of $162.17 million. The company’s revenue was down -5.0 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.77 EPS.
Many Wall Street Analysts have commented on Astronics Corporation. Astronics Corporation was Upgraded by KeyBanc Capital Mkts to ” Overweight” on Jun 29, 2016. Company shares were Reiterated by Dougherty & Company on May 5, 2016 to “Buy”, Firm has raised the Price Target to $ 52 from a previous price target of $50 .
Astronics Corporation is a supplier of products to the aerospace defense consumer electronics and semi-conductor industries. Its products include advanced high-performance lighting and safety systems electrical power generation and distribution systems aircraft structures avionics products and automatic test systems. The Company has two segments: Aerospace and Test Systems. It designs and builds its products through its wholly owned subsidiaries Astronics Advanced Electronic Systems Corp. (AES); Astronics AeroSat Corporation (AeroSat); Ballard Technology Inc. (Ballard); DME Corporation (DME); Luminescent Systems Inc. (LSI); Luminescent Systems Canada Inc. (LSI Canada); Max-Viz Inc. (Max-Viz); Peco Inc. (Peco); PGA Electronic s.a. (PGA) Astronics Test Systems Inc. and Armstrong Aerospace Inc. (Armstrong). The Company has operations in the United States Canada and France.