Astronics (NASDAQ:ATRO) Rating Increased to Buy at StockNews.com

Astronics (NASDAQ:ATRO) was upgraded by analysts at StockNews.com from a “hold” rating to a “buy” rating in a research note issued to investors on Tuesday.

Separately, Truist Financial decreased their price objective on Astronics from $20.00 to $17.00 and set a “hold” rating on the stock in a research report on Tuesday, January 14th.

Astronics Price Performance

Shares of Astronics stock opened at $17.09 on Tuesday. The company has a current ratio of 2.83, a quick ratio of 1.46 and a debt-to-equity ratio of 0.72. The firm has a market cap of $602.59 million, a PE ratio of -89.94 and a beta of 1.79. Astronics has a 12 month low of $14.13 and a 12 month high of $23.74. The stock has a 50 day moving average of $16.37 and a 200 day moving average of $18.53.

Institutional Trading of Astronics

Several institutional investors and hedge funds have recently made changes to their positions in ATRO. DekaBank Deutsche Girozentrale raised its stake in 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. RiverPark Advisors LLC raised its stake in shares of Astronics by 3.5% during the 3rd quarter. RiverPark Advisors LLC now owns 30,394 shares of the aerospace company’s stock worth $592,000 after acquiring an additional 1,015 shares in the last quarter. The Manufacturers Life Insurance Company increased its position in shares of Astronics by 10.8% during the second quarter. The Manufacturers Life Insurance Company now owns 11,195 shares of the aerospace company’s stock worth $224,000 after purchasing an additional 1,094 shares in the last quarter. Point72 Asset Management L.P. acquired a new position in Astronics during the 2nd quarter valued at about $25,000. Finally, Franklin Resources Inc. increased its holdings in shares of Astronics by 6.7% during the third quarter. Franklin Resources Inc. now owns 20,189 shares of the aerospace company’s stock valued at $411,000 after acquiring an additional 1,274 shares in the last quarter. 56.68% of the stock is currently owned by institutional investors.

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.