Barclays PLC Purchases 34,730 Shares of Astronics Co. (NASDAQ:ATRO)

Barclays PLC increased its stake in shares of Astronics Co. (NASDAQ:ATRO - Free Report) by 328.2% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. 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 approximately 0.13% of Astronics worth $883,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of ATRO. Point72 Asset Management L.P. acquired a new position in shares of Astronics during the second quarter valued at about $25,000. nVerses Capital LLC bought a new stake in Astronics during the 2nd quarter worth approximately $28,000. Point72 Asia Singapore Pte. Ltd. purchased a new stake in shares of Astronics in the third quarter worth approximately $106,000. DekaBank Deutsche Girozentrale lifted its holdings in shares of Astronics by 13.5% in the third quarter. DekaBank Deutsche Girozentrale now owns 8,146 shares of the aerospace company's stock valued at $163,000 after purchasing an additional 971 shares in the last quarter. Finally, EP Wealth Advisors LLC purchased a new position in shares of Astronics during the third quarter valued at approximately $202,000. 56.68% of the stock is owned by institutional investors.

Astronics Stock Performance

Astronics stock traded up $0.16 during trading on Tuesday, hitting $15.96. The stock had a trading volume of 372,479 shares, compared to its average volume of 189,629. 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 stock's 50 day moving average is $16.87 and its two-hundred day moving average is $19.02. Astronics Co. has a 1 year low of $14.13 and a 1 year high of $23.74. The stock has a market cap of $562.78 million, a price-to-earnings ratio of -84.00 and a beta of 1.79.

Analyst Upgrades and Downgrades

Separately, Truist Financial reduced their price objective 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.

Astronics Profile

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.