SG Americas Securities LLC Acquires 2,863 Shares of Astronics Co. (NASDAQ:ATRO)

SG Americas Securities LLC grew its position in shares of Astronics Co. (NASDAQ:ATRO) by 25.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 14,250 shares of the aerospace company’s stock after buying an additional 2,863 shares during the period. SG Americas Securities LLC’s holdings in Astronics were worth $227,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. AQR Capital Management LLC lifted its holdings in Astronics by 11.1% during the second quarter. AQR Capital Management LLC now owns 37,793 shares of the aerospace company’s stock valued at $757,000 after purchasing an additional 3,786 shares during the last quarter. The Manufacturers Life Insurance Company grew its holdings in Astronics by 10.8% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 11,195 shares of the aerospace company’s stock valued at $224,000 after buying an additional 1,094 shares in the last quarter. Assenagon Asset Management S.A. bought a new stake in shares of Astronics during the third quarter valued at about $964,000. DekaBank Deutsche Girozentrale lifted its holdings in shares of Astronics by 13.5% in the third quarter. DekaBank Deutsche Girozentrale now owns 8,146 shares of the aerospace company’s stock worth $163,000 after buying an additional 971 shares in the last quarter. Finally, Black Swift Group LLC bought a new position in shares of Astronics in the third quarter valued at approximately $756,000. Institutional investors own 56.68% of the company’s stock.

Astronics Stock Performance

NASDAQ:ATRO opened at $19.12 on Friday. The company has a market capitalization of $674.17 million, a price-to-earnings ratio of -100.63 and a beta of 1.79. The business has a 50 day moving average of $16.57 and a 200 day moving average of $18.41. The company has a debt-to-equity ratio of 0.72, a current ratio of 2.83 and a quick ratio of 1.46. Astronics Co. has a 1-year low of $14.13 and a 1-year high of $23.74.

Analysts Set New Price Targets

A number of brokerages recently issued reports on ATRO. StockNews.com upgraded Astronics from a “hold” rating to a “buy” rating in a research report on Wednesday. Truist Financial dropped their price target on Astronics from $20.00 to $17.00 and set a “hold” rating for the company in a research report on Tuesday, January 14th.

About Astronics

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.