Barclays PLC Has $883,000 Stake in Astronics Co. (NASDAQ:ATRO)

Barclays PLC increased its holdings in shares of Astronics Co. (NASDAQ:ATRO) by 328.2% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 45,313 shares of the aerospace company’s stock after purchasing an additional 34,730 shares during the quarter. Barclays PLC’s holdings in Astronics were worth $883,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Cubist Systematic Strategies LLC acquired a new position in Astronics during the second quarter worth $857,000. Algert Global LLC boosted its holdings in 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 purchasing an additional 44,070 shares during the last quarter. Black Swift Group LLC acquired a new stake in Astronics in the third quarter valued at $756,000. First Eagle Investment Management LLC lifted its stake in Astronics by 8.5% in the second 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 last quarter. Finally, FMR LLC lifted its stake in Astronics by 22.9% in the third quarter. FMR LLC now owns 46,597 shares of the aerospace company’s stock valued at $908,000 after acquiring an additional 8,670 shares during the last quarter. Institutional investors and hedge funds own 56.68% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Truist Financial cut their price target 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 Stock Performance

Shares of ATRO stock opened at $15.80 on Tuesday. The stock has a market cap of $557.14 million, a P/E ratio of -83.15 and a beta of 1.79. The company has a debt-to-equity ratio of 0.72, a current ratio of 2.83 and a quick ratio of 1.46. The company has a fifty day moving average price of $16.93 and a two-hundred day moving average price of $19.04. Astronics Co. has a one year low of $14.13 and a one year high of $23.74.

Astronics Company 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.