RiverPark Advisors LLC Acquires 1,015 Shares of Astronics Co. (NASDAQ:ATRO)

RiverPark Advisors LLC boosted its holdings in Astronics Co. (NASDAQ:ATRO) by 3.5% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 30,394 shares of the aerospace company’s stock after purchasing an additional 1,015 shares during the period. RiverPark Advisors LLC owned approximately 0.09% of Astronics worth $592,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in the business. Point72 Asset Management L.P. bought a new position in shares of Astronics during the second quarter valued at about $25,000. nVerses Capital LLC bought a new position in shares of Astronics during the second quarter valued at about $28,000. Public Employees Retirement System of Ohio bought a new position in shares of Astronics during the first quarter valued at about $31,000. DekaBank Deutsche Girozentrale raised its stake 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 during the last quarter. Finally, Allspring Global Investments Holdings LLC raised its stake in shares of Astronics by 4,973.1% during the second quarter. Allspring Global Investments Holdings LLC now owns 10,958 shares of the aerospace company’s stock valued at $219,000 after acquiring an additional 10,742 shares during the last quarter. 56.68% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Separately, Truist Financial reduced their price target on shares of Astronics from $22.00 to $20.00 and set a “hold” rating on the stock in a research report on Friday, October 18th.

Astronics Stock Performance

Shares of NASDAQ ATRO opened at $16.54 on Friday. Astronics Co. has a 1 year low of $14.58 and a 1 year high of $23.74. The company has a current ratio of 2.83, a quick ratio of 1.46 and a debt-to-equity ratio of 0.72. The company’s 50-day moving average is $19.06 and its 200 day moving average is $19.76.

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.