Astronics (NASDAQ:ATRO) Upgraded at StockNews.com

StockNews.com upgraded shares of Astronics (NASDAQ:ATRO) from a hold rating to a buy rating in a research report report published on Wednesday morning.

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

Astronics Stock Up 1.4 %

Shares of ATRO stock opened at $19.12 on Wednesday. Astronics has a 12-month low of $14.13 and a 12-month high of $23.74. The company has a quick ratio of 1.46, a current ratio of 2.83 and a debt-to-equity ratio of 0.72. The firm has a fifty day moving average of $16.57 and a 200-day moving average of $18.41. The company has a market capitalization of $674.17 million, a price-to-earnings ratio of -100.63 and a beta of 1.79.

Institutional Trading of Astronics

Hedge funds and other institutional investors have recently made changes to their positions in the business. AlphaQuest LLC boosted its position in Astronics by 355.5% during the fourth quarter. AlphaQuest LLC now owns 3,576 shares of the aerospace company’s stock valued at $57,000 after purchasing an additional 2,791 shares during the last quarter. Point72 Asset Management L.P. grew its position in shares of Astronics by 337.9% in the 3rd quarter. Point72 Asset Management L.P. now owns 5,356 shares of the aerospace company’s stock valued at $104,000 after acquiring an additional 4,133 shares during the period. Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of Astronics during the 3rd quarter worth about $106,000. Arcadia Investment Management Corp MI bought a new stake in shares of Astronics in the 4th quarter valued at about $135,000. Finally, DekaBank Deutsche Girozentrale grew its holdings in Astronics by 13.5% during the third 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 period. 56.68% of the stock is currently owned by institutional investors and hedge funds.

About Astronics

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.