Barclays PLC increased its stake in shares of Astronics Co. (NASDAQ:ATRO - Free Report) by 328.2% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 45,313 shares of the aerospace company's stock after acquiring an additional 34,730 shares during the quarter. Barclays PLC owned about 0.13% of Astronics worth $883,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. Point72 Asset Management L.P. acquired a new stake in Astronics during the 2nd quarter worth $25,000. Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of Astronics during the third quarter worth about $106,000. DekaBank Deutsche Girozentrale grew its holdings in shares of Astronics by 13.5% during the third quarter. DekaBank Deutsche Girozentrale now owns 8,146 shares of the aerospace company's stock worth $163,000 after buying an additional 971 shares during the last quarter. EP Wealth Advisors LLC acquired a new position in Astronics in the 3rd quarter valued at about $202,000. Finally, Stifel Financial Corp purchased a new stake in Astronics during the 3rd quarter valued at approximately $212,000. 56.68% of the stock is owned by hedge funds and other institutional investors.
Analyst Ratings Changes
Separately, Truist Financial lowered their target price on Astronics from $20.00 to $17.00 and set a "hold" rating on the stock in a research note on Tuesday.
Check Out Our Latest Analysis on Astronics
Astronics Stock Performance
Astronics stock traded up $0.84 during trading hours on Wednesday, reaching $16.91. 455,502 shares of the stock were exchanged, compared to its average volume of 252,831. The stock has a market cap of $596.28 million, a P/E ratio of -89.00 and a beta of 1.79. The firm's 50 day moving average is $16.42 and its 200 day moving average is $18.78. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.46 and a current ratio of 2.83. Astronics Co. has a 52-week low of $14.13 and a 52-week high of $23.74.
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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