Separately, Truist Financial increased their target price on shares of Astronics from $15.00 to $17.00 and gave the stock a hold rating in a report on Friday, July 21st.
Astronics Stock Performance
Hedge Funds Weigh In On Astronics
Several institutional investors and hedge funds have recently modified their holdings of ATRO. Tower Research Capital LLC TRC lifted its stake in Astronics by 101.5% in the second quarter. Tower Research Capital LLC TRC now owns 1,906 shares of the aerospace company’s stock valued at $38,000 after buying an additional 960 shares in the last quarter. Quantbot Technologies LP lifted its position in Astronics by 158.3% in the 1st quarter. Quantbot Technologies LP now owns 3,100 shares of the aerospace company’s stock valued at $40,000 after acquiring an additional 1,900 shares in the last quarter. Smithfield Trust Co boosted its stake in Astronics by 1,337.1% in the 1st quarter. Smithfield Trust Co now owns 4,527 shares of the aerospace company’s stock worth $60,000 after purchasing an additional 4,212 shares during the period. SkyView Investment Advisors LLC bought a new position in Astronics during the 1st quarter worth about $67,000. Finally, Qube Research & Technologies Ltd acquired a new stake in shares of Astronics in the 3rd quarter valued at about $69,000. 56.32% of the stock is currently owned by institutional investors and hedge funds.
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.
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