Barclays PLC Purchases 34,730 Shares of Astronics Co. (NASDAQ:ATRO)

Barclays PLC raised its position in Astronics Co. (NASDAQ:ATRO) by 328.2% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 45,313 shares of the aerospace company’s stock after purchasing an additional 34,730 shares during the period. Barclays PLC owned approximately 0.13% of Astronics worth $883,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of ATRO. State Street Corp increased 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 valued at $18,001,000 after purchasing an additional 58,356 shares in the last quarter. Assenagon Asset Management S.A. bought a new stake in Astronics in the third quarter valued at approximately $964,000. Algert Global LLC increased its position in shares of Astronics by 367.2% during the third quarter. Algert Global LLC now owns 56,072 shares of the aerospace company’s stock worth $1,092,000 after acquiring an additional 44,070 shares in the last quarter. Cubist Systematic Strategies LLC bought a new stake in shares of Astronics during the second quarter worth $857,000. Finally, Dimensional Fund Advisors LP increased its position in shares of Astronics by 4.8% during the second quarter. Dimensional Fund Advisors LP now owns 888,942 shares of the aerospace company’s stock worth $17,806,000 after acquiring an additional 40,438 shares in the last quarter. Institutional investors own 56.68% of the company’s stock.

Analysts Set New Price Targets

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

Astronics Stock Down 1.4 %

Shares of ATRO stock opened at $15.80 on Tuesday. The firm has a fifty day moving average of $16.93 and a 200-day moving average of $19.04. The company has a quick ratio of 1.46, a current ratio of 2.83 and a debt-to-equity ratio of 0.72. Astronics Co. has a 12-month low of $14.13 and a 12-month high of $23.74. The company has a market capitalization of $557.14 million, a price-to-earnings ratio of -83.15 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.