Fmr LLC Buys 8,670 Shares of Astronics Co. (NASDAQ:ATRO)

Fmr LLC boosted its stake in Astronics Co. (NASDAQ:ATRO) by 22.9% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 46,597 shares of the aerospace company’s stock after acquiring an additional 8,670 shares during the quarter. Fmr LLC owned 0.13% of Astronics worth $908,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in ATRO. Dimensional Fund Advisors LP lifted its position in shares of Astronics by 4.8% in the second quarter. Dimensional Fund Advisors LP now owns 888,942 shares of the aerospace company’s stock worth $17,806,000 after purchasing an additional 40,438 shares in the last quarter. First Eagle Investment Management LLC lifted its position in Astronics by 8.5% during the 2nd quarter. First Eagle Investment Management LLC now owns 391,426 shares of the aerospace company’s stock worth $7,840,000 after buying an additional 30,550 shares in the last quarter. Bank of New York Mellon Corp boosted its stake in shares of 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 worth $2,327,000 after buying an additional 15,253 shares during the last quarter. Advisors Asset Management Inc. grew its holdings in shares of Astronics by 32.2% in the 3rd 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, Charles Schwab Investment Management Inc. increased its position in shares of Astronics by 1.8% in the third quarter. Charles Schwab Investment Management Inc. now owns 81,169 shares of the aerospace company’s stock valued at $1,581,000 after acquiring an additional 1,432 shares during the last quarter. 56.68% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

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

Astronics Stock Performance

Shares of ATRO stock opened at $16.60 on Tuesday. The company has a fifty day moving average price of $17.73 and a two-hundred day moving average price of $19.27. Astronics Co. has a one year low of $14.13 and a one year high of $23.74. The stock has a market cap of $585.35 million, a P/E ratio of -87.37 and a beta of 1.79. The company has a debt-to-equity ratio of 0.72, a current ratio of 2.83 and a quick ratio of 1.46.

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.