Astronics Co. (NASDAQ:ATRO – Get Free Report) shares were down 10.4% during mid-day trading on Thursday . The company traded as low as $18.30 and last traded at $18.43. Approximately 35,412 shares were traded during trading, a decline of 75% from the average daily volume of 143,413 shares. The stock had previously closed at $20.57.
Wall Street Analysts Forecast Growth
Separately, Truist Financial dropped their price objective on shares of Astronics from $22.00 to $20.00 and set a “hold” rating on the stock in a report on Friday, October 18th.
Read Our Latest Research Report on Astronics
Astronics Stock Performance
Hedge Funds Weigh In On Astronics
Several institutional investors have recently made changes to their positions in ATRO. American International Group Inc. increased its holdings in Astronics by 4.5% in the first quarter. American International Group Inc. now owns 13,662 shares of the aerospace company’s stock valued at $260,000 after buying an additional 589 shares in the last quarter. DekaBank Deutsche Girozentrale grew 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 valued at $163,000 after acquiring an additional 971 shares during the period. RiverPark Advisors LLC increased its stake in shares of Astronics by 3.5% in the 3rd quarter. RiverPark Advisors LLC now owns 30,394 shares of the aerospace company’s stock valued at $592,000 after purchasing an additional 1,015 shares in the last quarter. The Manufacturers Life Insurance Company raised its holdings in Astronics by 10.8% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 11,195 shares of the aerospace company’s stock worth $224,000 after purchasing an additional 1,094 shares during the period. Finally, Point72 Asset Management L.P. purchased a new position in Astronics during the second quarter worth approximately $25,000. 56.68% of the stock is owned by hedge funds and other institutional investors.
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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