Charles Schwab Investment Management Inc. Grows Stock Holdings in Astronics Co. (NASDAQ:ATRO)

Charles Schwab Investment Management Inc. grew its position in shares of Astronics Co. (NASDAQ:ATRO) by 1.8% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 81,169 shares of the aerospace company’s stock after buying an additional 1,432 shares during the quarter. Charles Schwab Investment Management Inc. owned 0.23% of Astronics worth $1,581,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Dimensional Fund Advisors LP increased its position in shares of Astronics by 4.8% during the 2nd quarter. Dimensional Fund Advisors LP now owns 888,942 shares of the aerospace company’s stock valued at $17,806,000 after purchasing an additional 40,438 shares during the last quarter. First Eagle Investment Management LLC grew its position in shares of Astronics by 8.5% during the second quarter. First Eagle Investment Management LLC now owns 391,426 shares of the aerospace company’s stock worth $7,840,000 after purchasing an additional 30,550 shares in the last quarter. Bank of New York Mellon Corp raised its stake in 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 valued at $2,327,000 after purchasing an additional 15,253 shares during the period. Advisors Asset Management Inc. grew its stake in Astronics by 32.2% during the third quarter. Advisors Asset Management Inc. now owns 84,181 shares of the aerospace company’s stock valued at $1,640,000 after acquiring an additional 20,514 shares in the last quarter. Finally, Rhumbline Advisers increased its holdings in shares of Astronics by 5.8% in the second quarter. Rhumbline Advisers now owns 67,546 shares of the aerospace company’s stock worth $1,353,000 after purchasing an additional 3,706 shares during the last quarter. Institutional investors own 56.68% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Astronics Stock Up 1.8 %

Shares of ATRO opened at $16.60 on Tuesday. The firm has a market capitalization of $585.35 million, a P/E ratio of -87.37 and a beta of 1.79. The firm has a fifty day moving average price of $17.73 and a 200-day moving average price of $19.27. Astronics Co. has a 12-month low of $14.13 and a 12-month high of $23.74. 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 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.