Barclays PLC Boosts Holdings in Astronics Co. (NASDAQ:ATRO)

Barclays PLC lifted its holdings in Astronics Co. (NASDAQ:ATRO) by 328.2% in the third quarter, according to the company in its most recent filing with the SEC. The fund owned 45,313 shares of the aerospace company’s stock after acquiring an additional 34,730 shares during the quarter. Barclays PLC owned 0.13% of Astronics worth $883,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. State Street Corp lifted its stake in Astronics by 6.7% in the third quarter. State Street Corp now owns 924,070 shares of the aerospace company’s stock worth $18,001,000 after purchasing an additional 58,356 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings 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 buying an additional 40,438 shares during the period. Geode Capital Management LLC lifted its stake in shares of Astronics by 2.0% in 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 during the last quarter. First Eagle Investment Management LLC boosted its holdings 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 valued at $7,840,000 after acquiring an additional 30,550 shares during the period. Finally, Needham Investment Management LLC grew its position in Astronics by 9.2% during the 3rd quarter. Needham Investment Management LLC now owns 267,500 shares of the aerospace company’s stock worth $5,211,000 after acquiring an additional 22,500 shares during the last quarter. Hedge funds and other institutional investors own 56.68% of the company’s stock.

Astronics Price Performance

Shares of Astronics stock opened at $16.07 on Wednesday. The company’s fifty day simple moving average is $16.42 and its two-hundred day simple moving average is $18.78. Astronics Co. has a 12-month low of $14.13 and a 12-month high of $23.74. The firm has a market cap of $566.66 million, a PE ratio of -84.57 and a beta of 1.79. The company has a quick ratio of 1.46, a current ratio of 2.83 and a debt-to-equity ratio of 0.72.

Wall Street Analysts Forecast Growth

Separately, Truist Financial lowered their price objective on Astronics from $20.00 to $17.00 and set a “hold” rating for the company in a research report on Tuesday.

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.