Stifel Financial Corp Purchases New Stake in Astronics Co. (NASDAQ:ATRO)

Stifel Financial Corp acquired a new position in Astronics Co. (NASDAQ:ATRO) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 10,882 shares of the aerospace company’s stock, valued at approximately $212,000.

A number of other hedge funds and other institutional investors also recently bought and sold shares of ATRO. Point72 Asset Management L.P. acquired a new stake in shares of Astronics in the second quarter valued at about $25,000. nVerses Capital LLC acquired a new stake in shares of Astronics during the 2nd quarter valued at approximately $28,000. Point72 Asia Singapore Pte. Ltd. purchased a new stake in shares of Astronics during the 3rd quarter worth approximately $106,000. DekaBank Deutsche Girozentrale boosted its stake in shares of Astronics by 13.5% during the 3rd quarter. DekaBank Deutsche Girozentrale now owns 8,146 shares of the aerospace company’s stock worth $163,000 after acquiring an additional 971 shares in the last quarter. Finally, Jacobs Levy Equity Management Inc. acquired a new stake in shares of Astronics in the 3rd quarter worth approximately $214,000. Institutional investors and hedge funds own 56.68% of the company’s stock.

Astronics Price Performance

Shares of NASDAQ ATRO opened at $16.03 on Monday. The company has a current ratio of 2.83, a quick ratio of 1.46 and a debt-to-equity ratio of 0.72. The stock has a market cap of $565.25 million, a price-to-earnings ratio of -84.36 and a beta of 1.79. The company’s 50-day moving average price is $16.99 and its 200 day moving average price is $19.06. Astronics Co. has a 52 week low of $14.13 and a 52 week high of $23.74.

Analyst Ratings Changes

Separately, Truist Financial decreased their target price 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 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.