BNP Paribas Financial Markets Has $760,000 Position in Astronics Co. (NASDAQ:ATRO)

BNP Paribas Financial Markets cut its holdings in Astronics Co. (NASDAQ:ATRO) by 5.0% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 39,011 shares of the aerospace company’s stock after selling 2,057 shares during the quarter. BNP Paribas Financial Markets’ holdings in Astronics were worth $760,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Point72 Asset Management L.P. acquired a new stake in shares of Astronics in the second quarter worth about $25,000. nVerses Capital LLC bought a new stake in shares of Astronics during the 2nd quarter worth $28,000. DekaBank Deutsche Girozentrale lifted its position in shares of Astronics by 13.5% during the 3rd quarter. DekaBank Deutsche Girozentrale now owns 8,146 shares of the aerospace company’s stock worth $163,000 after purchasing an additional 971 shares during the last quarter. Allspring Global Investments Holdings LLC lifted its position in shares of Astronics by 4,973.1% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 10,958 shares of the aerospace company’s stock worth $219,000 after purchasing an additional 10,742 shares during the last quarter. Finally, The Manufacturers Life Insurance Company raised its stake 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 purchasing an additional 1,094 shares during the last quarter. 56.68% of the stock is currently owned by institutional investors.

Astronics Price Performance

Shares of Astronics stock opened at $16.31 on Thursday. The stock has a market capitalization of $575.12 million, a price-to-earnings ratio of -85.84 and a beta of 1.79. The company has a current ratio of 2.83, a quick ratio of 1.46 and a debt-to-equity ratio of 0.72. Astronics Co. has a 1-year low of $14.13 and a 1-year high of $23.74. The firm’s 50-day moving average price is $17.93 and its two-hundred day moving average price is $19.38.

Analysts Set New Price Targets

Separately, Truist Financial decreased their price objective on Astronics from $22.00 to $20.00 and set a “hold” rating on the stock in a report 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.