Legal & General Group Plc acquired a new stake in Astronics Corporation (NASDAQ:ATRO – Free Report) in the 2nd quarter, according to the company in its most recent filing with the SEC. The fund acquired 25,497 shares of the aerospace company’s stock, valued at approximately $2,072,000.
A number of other institutional investors also recently modified their holdings of ATRO. IFP Advisors Inc boosted its position in shares of Astronics by 389.6% during the 3rd quarter. IFP Advisors Inc now owns 563 shares of the aerospace company’s stock worth $26,000 after purchasing an additional 448 shares in the last quarter. Allworth Financial LP increased its position in Astronics by 57.1% in the 4th quarter. Allworth Financial LP now owns 528 shares of the aerospace company’s stock valued at $29,000 after buying an additional 192 shares in the last quarter. EverSource Wealth Advisors LLC raised its stake in Astronics by 147.6% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 894 shares of the aerospace company’s stock worth $30,000 after buying an additional 533 shares during the period. Quarry LP boosted its holdings in Astronics by 33.6% in the fourth quarter. Quarry LP now owns 568 shares of the aerospace company’s stock worth $31,000 after acquiring an additional 143 shares in the last quarter. Finally, Leonteq Securities AG bought a new position in Astronics in the fourth quarter worth approximately $33,000. Institutional investors and hedge funds own 56.68% of the company’s stock.
Astronics Price Performance
NASDAQ ATRO opened at $76.26 on Monday. The company has a quick ratio of 1.63, a current ratio of 2.97 and a debt-to-equity ratio of 1.57. The company has a market cap of $3.28 billion, a PE ratio of 44.86 and a beta of 1.20. Astronics Corporation has a 52 week low of $30.72 and a 52 week high of $94.46. The firm’s 50-day simple moving average is $74.99 and its two-hundred day simple moving average is $68.85.
Wall Street Analyst Weigh In
A number of brokerages recently issued reports on ATRO. Wall Street Zen upgraded Astronics from a “buy” rating to a “strong-buy” rating in a report on Sunday, August 16th. Weiss Ratings restated a “sell (d-)” rating on shares of Astronics in a research note on Friday, July 17th. TD Cowen upped their price objective on shares of Astronics from $70.83 to $83.33 and gave the stock a “buy” rating in a report on Thursday, May 28th. Finally, Zacks Research upgraded shares of Astronics from a “hold” rating to a “strong-buy” rating in a report on Monday, July 20th. Three research analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Astronics has a consensus rating of “Buy” and a consensus price target of $74.17.
View Our Latest Stock Report on Astronics
About Astronics
Astronics Corporation (NASDAQ: ATRO) is a global leader in the design and manufacture of advanced technologies primarily for the aerospace, defense and semiconductor industries. Headquartered in East Aurora, New York, the company was founded in 1968 and has grown through a combination of internal development and strategic acquisitions. Astronics operates multiple business units focused on power conversion, distribution and control; cabin electronics and connectivity; aircraft lighting and safety solutions; and automated test systems.
The company’s aerospace products include onboard power generation and management systems, in-flight entertainment and connectivity hardware, LED and fluorescent lighting for aircraft cabins and cockpits, and safety equipment such as escape slide power units.
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