4 days ago 3

Here are the Two Things That Went Right For Astronics Corporation (ATRO) in Q1

Soumya Eswaran

Wed, Apr 16, 2025, 8:02 AM 3 min read

Middle Coast Investing, an investment advisor firm, released its first-quarter investor letter. A copy of the letter can be downloaded here. Middle Coast Investing had a difficult but manageable first quarter, but everyone has suffered since the Liberation Day crash at the beginning of the second quarter. To manage the volatility, the firm decided to increase cash goal levels by roughly 5% for each portfolio. In the quarter, the firm sold 3% more than it bought. In Q1 2025, the US Portfolios returned -3.7% compared to -4.6% for the S&P 500. It’s Core U.S. portfolios returned -0.7% while Russell 2000 returned -9.8%, S&P 600 returned -9.3% and Nasdaq generated -10.4% for the same period. However, its European Portfolios appreciated by 9.2%. In addition, please check the fund’s top five holdings to know its best picks in 2025.

In its first quarter 2025 investor letter, Middle Coast Investing emphasized stocks such as Astronics Corporation (NASDAQ:ATRO). Astronics Corporation (NASDAQ:ATRO) designs and manufactures products for the aerospace, defense, and electronics industries. The one-month return of Astronics Corporation (NASDAQ:ATRO) was -7.38%, and its shares gained 44.48% of their value over the last 52 weeks. On April 15, 2025, Astronics Corporation (NASDAQ:ATRO) stock closed at $23.23 per share with a market capitalization of $818.497 million.

Middle Coast Investing stated the following regarding Astronics Corporation (NASDAQ:ATRO) in its Q1 2025 investor letter:

"Astronics Corporation (NASDAQ:ATRO) had two things go right in the quarter. The expected one is its results: there is a lot of aerospace demand to catch up to in the post Covid period. Boeing’s struggles, supply chain snarls, and that demand pause five years ago have ensured that the backlog and growth outlook for Astronics is good, and their Q4 report supported that. The company has generally reached or beat its top guidance estimates, and top guidance calls for 8% revenue growth in 2025.