Astronics Corporation $ATRO Shares Acquired by Advisors Asset Management Inc.

Advisors Asset Management Inc. grew its stake in shares of Astronics Corporation (NASDAQ:ATRO) by 7.5% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 140,013 shares of the aerospace company’s stock after purchasing an additional 9,762 shares during the period. Advisors Asset Management Inc. owned about 0.40% of Astronics worth $6,386,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. AQR Capital Management LLC increased its position in Astronics by 20.4% in the 1st quarter. AQR Capital Management LLC now owns 112,210 shares of the aerospace company’s stock worth $2,712,000 after purchasing an additional 18,975 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in Astronics by 6.5% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 17,491 shares of the aerospace company’s stock worth $423,000 after buying an additional 1,069 shares during the last quarter. Millennium Management LLC raised its position in Astronics by 80.1% during the first quarter. Millennium Management LLC now owns 746,956 shares of the aerospace company’s stock valued at $18,054,000 after acquiring an additional 332,133 shares in the last quarter. Goldman Sachs Group Inc. lifted its stake in Astronics by 26.1% in the first quarter. Goldman Sachs Group Inc. now owns 222,486 shares of the aerospace company’s stock valued at $5,377,000 after acquiring an additional 46,054 shares during the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in Astronics by 22.3% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 71,791 shares of the aerospace company’s stock worth $1,735,000 after acquiring an additional 13,104 shares in the last quarter. Institutional investors and hedge funds own 56.68% of the company’s stock.

Analyst Ratings Changes

Several research firms recently issued reports on ATRO. Zacks Research raised shares of Astronics from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, February 3rd. Truist Financial set a $75.00 price target on Astronics in a research report on Friday, January 9th. Weiss Ratings reissued a “sell (d-)” rating on shares of Astronics in a report on Wednesday, January 21st. Craig Hallum restated a “buy” rating on shares of Astronics in a report on Friday, January 9th. Finally, Wall Street Zen downgraded Astronics from a “strong-buy” rating to a “buy” rating in a report on Saturday, February 7th. Two analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Buy” and an average price target of $66.67.

Astronics Stock Up 0.7%

ATRO opened at $75.89 on Friday. The stock’s fifty day simple moving average is $64.85 and its 200 day simple moving average is $50.82. Astronics Corporation has a 1-year low of $18.28 and a 1-year high of $81.89. The stock has a market cap of $2.70 billion, a PE ratio of -843.13 and a beta of 1.10. The company has a current ratio of 2.87, a quick ratio of 1.56 and a debt-to-equity ratio of 3.07.

Astronics Profile

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.