New York State Common Retirement Fund Sells 59,398 Shares of Astronics Co. (NASDAQ:ATRO)

New York State Common Retirement Fund reduced its position in Astronics Co. (NASDAQ:ATRO - Free Report) by 34.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 113,134 shares of the aerospace company's stock after selling 59,398 shares during the quarter. New York State Common Retirement Fund owned approximately 0.32% of Astronics worth $1,806,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also bought and sold shares of ATRO. State Street Corp boosted its stake in Astronics by 6.7% in the 3rd quarter. State Street Corp now owns 924,070 shares of the aerospace company's stock worth $18,001,000 after purchasing an additional 58,356 shares during the period. Assenagon Asset Management S.A. purchased a new position in Astronics during the third quarter valued at $964,000. JPMorgan Chase & Co. increased its holdings in Astronics by 108.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 92,954 shares of the aerospace company's stock valued at $1,811,000 after acquiring an additional 48,328 shares during the last quarter. Algert Global LLC lifted its stake in Astronics by 367.2% in the 3rd quarter. Algert Global LLC now owns 56,072 shares of the aerospace company's stock worth $1,092,000 after purchasing an additional 44,070 shares in the last quarter. Finally, Black Swift Group LLC bought a new position in shares of Astronics during the 3rd quarter valued at about $756,000. 56.68% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts recently commented on ATRO shares. Truist Financial decreased their target price on Astronics from $20.00 to $17.00 and set a "hold" rating on the stock in a research report on Tuesday, January 14th. StockNews.com downgraded Astronics from a "buy" rating to a "hold" rating in a research report on Wednesday, February 26th.

Astronics Trading Down 0.2 %

ATRO traded down $0.05 on Monday, hitting $19.96. The company had a trading volume of 323,460 shares, compared to its average volume of 284,809. The business's fifty day simple moving average is $17.51 and its 200 day simple moving average is $18.22. The company has a quick ratio of 1.46, a current ratio of 2.83 and a debt-to-equity ratio of 0.72. Astronics Co. has a 12-month low of $14.13 and a 12-month high of $23.74. The company has a market cap of $703.83 million, a PE ratio of -105.05 and a beta of 1.79.

Astronics Company 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.