Astronics Co. (NASDAQ:ATRO) Holdings Boosted by State Street Corp

State Street Corp grew its position in shares of Astronics Co. (NASDAQ:ATRO) by 6.7% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 924,070 shares of the aerospace company’s stock after acquiring an additional 58,356 shares during the quarter. State Street Corp owned about 2.65% of Astronics worth $18,001,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. Assenagon Asset Management S.A. acquired a new stake in Astronics in the third quarter worth about $964,000. Algert Global LLC raised its stake in shares of 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 buying an additional 44,070 shares in the last quarter. Cubist Systematic Strategies LLC acquired a new stake in Astronics in the 2nd quarter valued at about $857,000. Dimensional Fund Advisors LP lifted its stake in Astronics by 4.8% during the second 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. Finally, Black Swift Group LLC bought a new stake in shares of Astronics during the 3rd quarter worth $756,000. 56.68% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, Truist Financial decreased their price objective on shares of Astronics from $22.00 to $20.00 and set a “hold” rating for the company in a research note on Friday, October 18th.

Astronics Stock Down 0.8 %

Shares of ATRO stock opened at $15.76 on Tuesday. The stock’s 50 day simple moving average is $17.32 and its 200 day simple moving average is $19.13. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.46 and a current ratio of 2.83. Astronics Co. has a twelve month low of $14.13 and a twelve month high of $23.74. The company has a market capitalization of $555.73 million, a price-to-earnings ratio of -82.94 and a beta of 1.79.

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.