JPMorgan Chase & Co. Increases Holdings in Astronics Co. (NASDAQ:ATRO)

JPMorgan Chase & Co. lifted its position in shares of Astronics Co. (NASDAQ:ATRO) by 108.3% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 92,954 shares of the aerospace company’s stock after acquiring an additional 48,328 shares during the quarter. JPMorgan Chase & Co. owned 0.26% of Astronics worth $1,811,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of the company. Franklin Resources Inc. raised its position in shares of Astronics by 6.7% during the 3rd quarter. Franklin Resources Inc. now owns 20,189 shares of the aerospace company’s stock worth $411,000 after purchasing an additional 1,274 shares during the last quarter. Barclays PLC raised its holdings in Astronics by 328.2% in the 3rd quarter. Barclays PLC now owns 45,313 shares of the aerospace company’s stock valued at $883,000 after acquiring an additional 34,730 shares during the last quarter. Geode Capital Management LLC raised its holdings in 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. XTX Topco Ltd raised its holdings in Astronics by 224.7% in the 3rd quarter. XTX Topco Ltd now owns 37,024 shares of the aerospace company’s stock valued at $721,000 after acquiring an additional 25,621 shares during the last quarter. Finally, EP Wealth Advisors LLC acquired a new position in Astronics in the 3rd quarter valued at $202,000. Hedge funds and other institutional investors own 56.68% of the company’s stock.

Astronics Price Performance

ATRO opened at $17.17 on Thursday. The firm has a market cap of $605.41 million, a price-to-earnings ratio of -90.36 and a beta of 1.79. Astronics Co. has a fifty-two week low of $14.13 and a fifty-two week high of $23.74. The company’s 50-day moving average price is $16.31 and its 200 day moving average price is $18.66. 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

ATRO has been the subject of several analyst reports. StockNews.com downgraded Astronics from a “buy” rating to a “hold” rating in a report on Wednesday, January 15th. Truist Financial decreased their price objective on shares of Astronics from $20.00 to $17.00 and set a “hold” rating for the company in a research report on Tuesday, January 14th.

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.