Wealthspire Advisors LLC Buys 6,523 Shares of Astronics Co. (NASDAQ:ATRO)

Wealthspire Advisors LLC grew its stake in Astronics Co. (NASDAQ:ATRO) by 42.7% in the 4th quarter, Holdings Channel reports. The firm owned 21,789 shares of the aerospace company’s stock after purchasing an additional 6,523 shares during the period. Wealthspire Advisors LLC’s holdings in Astronics were worth $348,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in ATRO. Point72 Asset Management L.P. increased its stake 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 worth $104,000 after acquiring an additional 4,133 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. bought a new position in shares of Astronics in the 3rd quarter worth about $106,000. Arcadia Investment Management Corp MI bought a new position in shares of Astronics in the 4th quarter worth about $135,000. DekaBank Deutsche Girozentrale increased its stake in shares of Astronics by 13.5% in the 3rd quarter. DekaBank Deutsche Girozentrale now owns 8,146 shares of the aerospace company’s stock worth $163,000 after acquiring an additional 971 shares in the last quarter. Finally, EP Wealth Advisors LLC bought a new position in shares of Astronics in the 3rd quarter worth about $202,000. 56.68% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

ATRO has been the subject of several research reports. Truist Financial decreased their price target on shares of Astronics from $20.00 to $17.00 and set a “hold” rating for the company in a research note on Tuesday, January 14th. StockNews.com lowered shares of Astronics from a “buy” rating to a “hold” rating in a research note on Wednesday.

Astronics Stock Up 0.6 %

NASDAQ:ATRO opened at $19.94 on Friday. The firm has a market cap of $703.12 million, a P/E ratio of -104.94 and a beta of 1.79. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.46 and a current ratio of 2.83. Astronics Co. has a fifty-two week low of $14.13 and a fifty-two week high of $23.74. The firm has a 50-day simple moving average of $17.34 and a two-hundred day simple moving average of $18.20.

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.