Advisors Asset Management Inc. Grows Holdings in Astronics Co. (NASDAQ:ATRO)

Advisors Asset Management Inc. grew its stake in Astronics Co. (NASDAQ:ATRO) by 32.2% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 84,181 shares of the aerospace company’s stock after buying an additional 20,514 shares during the period. Advisors Asset Management Inc. owned approximately 0.24% of Astronics worth $1,640,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of ATRO. Assenagon Asset Management S.A. purchased a new position in Astronics in the 3rd quarter worth approximately $964,000. Cubist Systematic Strategies LLC purchased a new stake in shares of Astronics in the 2nd quarter valued at $857,000. Dimensional Fund Advisors LP boosted its stake in shares of Astronics by 4.8% in the 2nd quarter. Dimensional Fund Advisors LP now owns 888,942 shares of the aerospace company’s stock valued at $17,806,000 after purchasing an additional 40,438 shares in the last quarter. Black Swift Group LLC purchased a new stake in shares of Astronics in the 3rd quarter valued at $756,000. Finally, First Eagle Investment Management LLC boosted its stake in shares of Astronics by 8.5% in 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 purchasing an additional 30,550 shares in 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 $17.22 on Monday. Astronics Co. has a 52-week low of $14.58 and a 52-week high of $23.74. The stock has a market capitalization of $607.18 million, a price-to-earnings ratio of -90.63 and a beta of 1.83. The company has a fifty day moving average of $18.85 and a 200-day moving average of $19.72. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.46 and a current ratio of 2.83.

Analysts Set New Price Targets

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

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.