New York State Common Retirement Fund Cuts Stock Holdings in Astronics Co. (NASDAQ:ATRO)

Market Beat
2025.03.03 08:19
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New York State Common Retirement Fund reduced its stake in Astronics Co. (NASDAQ:ATRO) by 34.4% in Q4, according to a recent SEC filing. The fund now holds 113,134 shares after selling 59,398 shares, valued at $1.8 million. Other institutional investors have also adjusted their stakes. Analysts have lowered price targets for Astronics, with Truist Financial setting a new target of $17.00 and a "hold" rating. Astronics operates in aerospace and defense, with a market cap of $705.59 million and a current stock price of $20.01.

New York State Common Retirement Fund lowered its stake in shares of Astronics Co. (NASDAQ:ATRO - Free Report) by 34.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 113,134 shares of the aerospace company's stock after selling 59,398 shares during the period. New York State Common Retirement Fund owned 0.32% of Astronics worth $1,806,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Point72 Asset Management L.P. raised its holdings 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 valued at $104,000 after acquiring an additional 4,133 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. purchased a new stake in Astronics in the third quarter worth about $106,000. DekaBank Deutsche Girozentrale increased its holdings in shares of Astronics by 13.5% during the third 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 in the last quarter. EP Wealth Advisors LLC purchased a new position in Astronics in the 3rd quarter worth approximately $202,000. Finally, Stifel Financial Corp bought a new position in Astronics during the 3rd quarter valued at about $212,000. Institutional investors own 56.68% of the company's stock.

Astronics Stock Performance

Shares of NASDAQ:ATRO opened at $20.01 on Monday. The company has a quick ratio of 1.46, a current ratio of 2.83 and a debt-to-equity ratio of 0.72. The company has a market capitalization of $705.59 million, a price-to-earnings ratio of -105.31 and a beta of 1.79. The firm has a 50 day moving average of $17.51 and a 200 day moving average of $18.22. Astronics Co. has a 52 week low of $14.13 and a 52 week high of $23.74.

Analysts Set New Price Targets

A number of analysts recently commented on the company. Truist Financial reduced their price objective on Astronics from $20.00 to $17.00 and set a "hold" rating for the company in a research report on Tuesday, January 14th. StockNews.com cut shares of Astronics from a "buy" rating to a "hold" rating in a research report on Wednesday, February 26th.

Check Out Our Latest Analysis on Astronics

Astronics Profile

(Free Report)

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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