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State Street Corp Purchases 58,356 Shares of Astronics Co. (NASDAQ:ATRO)

Astronics logo with Aerospace background

State Street Corp grew its stake in shares of Astronics Co. (NASDAQ:ATRO - Free Report) by 6.7% in the third quarter, according to its most recent filing with the SEC. The institutional investor owned 924,070 shares of the aerospace company's stock after purchasing an additional 58,356 shares during the period. State Street Corp owned about 2.65% of Astronics worth $18,001,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Dimensional Fund Advisors LP grew its holdings in 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. First Eagle Investment Management LLC raised its holdings in shares of Astronics by 8.5% in the second quarter. First Eagle Investment Management LLC now owns 391,426 shares of the aerospace company's stock valued at $7,840,000 after purchasing an additional 30,550 shares during the last quarter. Needham Investment Management LLC grew its holdings in shares of Astronics by 9.2% in the third quarter. Needham Investment Management LLC now owns 267,500 shares of the aerospace company's stock valued at $5,211,000 after acquiring an additional 22,500 shares in the last quarter. Bank of New York Mellon Corp raised its stake in shares of Astronics by 15.1% during the 2nd quarter. Bank of New York Mellon Corp now owns 116,175 shares of the aerospace company's stock worth $2,327,000 after purchasing an additional 15,253 shares during the period. Finally, Advisors Asset Management Inc. boosted its holdings in shares of Astronics by 32.2% in the 3rd quarter. Advisors Asset Management Inc. now owns 84,181 shares of the aerospace company's stock worth $1,640,000 after buying an additional 20,514 shares during the last quarter. 56.68% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Separately, Truist Financial reduced their target price on shares of Astronics from $22.00 to $20.00 and set a "hold" rating for the company in a research report on Friday, October 18th.

View Our Latest Research Report on Astronics

Astronics Stock Performance

Astronics stock traded up $0.35 during midday trading on Tuesday, reaching $16.11. The stock had a trading volume of 138,965 shares, compared to its average volume of 188,116. The company has a quick ratio of 1.46, a current ratio of 2.83 and a debt-to-equity ratio of 0.72. The firm has a market capitalization of $568.07 million, a PE ratio of -84.79 and a beta of 1.79. Astronics Co. has a 12 month low of $14.13 and a 12 month high of $23.74. The firm's 50-day moving average price is $17.23 and its 200 day moving average price is $19.11.

About Astronics

(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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Institutional Ownership by Quarter for Astronics (NASDAQ:ATRO)

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