Astronics (NASDAQ:ATRO - Free Report) had its price target reduced by Truist Financial from $20.00 to $17.00 in a report released on Tuesday morning,Benzinga reports. They currently have a hold rating on the aerospace company's stock.
Astronics Trading Down 0.7 %
ATRO stock traded down $0.11 during mid-day trading on Tuesday, reaching $16.07. 332,656 shares of the stock traded hands, compared to its average volume of 234,948. The stock's fifty day moving average is $16.47 and its 200-day moving average is $18.80. The company has a market cap of $566.66 million, a P/E ratio of -84.57 and a beta of 1.79. The company has a current ratio of 2.83, a quick ratio of 1.46 and a debt-to-equity ratio of 0.72. Astronics has a 52-week low of $14.13 and a 52-week high of $23.74.
Institutional Trading of Astronics
A number of institutional investors have recently bought and sold shares of the company. JPMorgan Chase & Co. increased its holdings in shares of Astronics by 108.3% during 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. Franklin Resources Inc. raised its stake in shares of Astronics by 6.7% in the 3rd quarter. Franklin Resources Inc. now owns 20,189 shares of the aerospace company's stock valued at $411,000 after buying an additional 1,274 shares in the last quarter. Barclays PLC lifted its holdings in shares of Astronics by 328.2% during the 3rd quarter. Barclays PLC now owns 45,313 shares of the aerospace company's stock worth $883,000 after acquiring an additional 34,730 shares during the period. Geode Capital Management LLC boosted its position in shares of Astronics by 2.0% during the 3rd quarter. Geode Capital Management LLC now owns 691,522 shares of the aerospace company's stock valued at $13,474,000 after acquiring an additional 13,469 shares in the last quarter. Finally, XTX Topco Ltd increased its stake in Astronics by 224.7% in the third quarter. XTX Topco Ltd now owns 37,024 shares of the aerospace company's stock valued at $721,000 after acquiring an additional 25,621 shares during the period. Institutional investors and hedge funds own 56.68% of the company's stock.
About Astronics
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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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