Arcadia Investment Management Corp MI Makes New Investment in Astronics Co. (NASDAQ:ATRO)

Arcadia Investment Management Corp MI acquired a new position in shares of Astronics Co. (NASDAQ:ATRO) in the fourth quarter, according to its most recent disclosure with the SEC. The firm acquired 8,451 shares of the aerospace company’s stock, valued at approximately $135,000.

Other hedge funds also recently added to or reduced their stakes in the company. Barclays PLC lifted its position in Astronics by 328.2% during the 3rd quarter. Barclays PLC now owns 45,313 shares of the aerospace company’s stock worth $883,000 after acquiring an additional 34,730 shares during the period. Algert Global LLC lifted its position in Astronics by 367.2% during the 3rd quarter. Algert Global LLC now owns 56,072 shares of the aerospace company’s stock worth $1,092,000 after acquiring an additional 44,070 shares during the period. Black Swift Group LLC acquired a new stake in Astronics during the 3rd quarter worth approximately $756,000. Stifel Financial Corp acquired a new stake in shares of Astronics in the 3rd quarter valued at approximately $212,000. Finally, JPMorgan Chase & Co. lifted its holdings in shares of Astronics by 108.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 92,954 shares of the aerospace company’s stock valued at $1,811,000 after buying an additional 48,328 shares during the period. 56.68% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

ATRO has been the subject of several recent analyst reports. Truist Financial reduced their price target on Astronics from $20.00 to $17.00 and set a “hold” rating for the company in a report on Tuesday, January 14th. StockNews.com raised Astronics from a “hold” rating to a “buy” rating in a report on Wednesday, February 5th.

Astronics Stock Down 0.4 %

ATRO opened at $18.83 on Friday. The company has a debt-to-equity ratio of 0.72, a current ratio of 2.83 and a quick ratio of 1.46. The business has a 50 day simple moving average of $17.04 and a 200-day simple moving average of $18.17. The stock has a market capitalization of $663.95 million, a P/E ratio of -99.10 and a beta of 1.79. Astronics Co. has a 12 month low of $14.13 and a 12 month high of $23.74.

Astronics 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.