Astronics (NASDAQ:ATRO – Get Free Report) was upgraded by analysts at StockNews.com from a “hold” rating to a “buy” rating in a research note issued to investors on Tuesday.
Separately, Truist Financial cut their target price 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.
Read Our Latest Stock Report on ATRO
Astronics Price Performance
Institutional Inflows and Outflows
Hedge funds have recently added to or reduced their stakes in the company. Point72 Asset Management L.P. purchased a new position in Astronics during the second quarter worth about $25,000. Point72 Asia Singapore Pte. Ltd. purchased a new position in Astronics during the third quarter worth about $106,000. DekaBank Deutsche Girozentrale boosted 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 worth $163,000 after purchasing an additional 971 shares during the period. EP Wealth Advisors LLC acquired a new stake in Astronics in the 3rd quarter valued at approximately $202,000. Finally, Stifel Financial Corp acquired a new position in Astronics during the 3rd quarter worth about $212,000. 56.68% of the stock is 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.
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