Skylands Capital LLC Makes New $1.62 Million Investment in Astronics Co. (NASDAQ:ATRO)

Skylands Capital LLC purchased a new stake in shares of Astronics Co. (NASDAQ:ATRO) in the fourth quarter, according to its most recent 13F filing with the SEC. The fund purchased 101,632 shares of the aerospace company’s stock, valued at approximately $1,622,000. Skylands Capital LLC owned approximately 0.29% of Astronics at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in ATRO. Assenagon Asset Management S.A. bought a new position in Astronics in the third quarter valued at $964,000. DekaBank Deutsche Girozentrale grew its holdings 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 purchasing an additional 971 shares during the last quarter. Black Swift Group LLC purchased a new position in Astronics in the 3rd quarter worth $756,000. RiverPark Advisors LLC lifted its stake in Astronics by 3.5% in the third quarter. RiverPark Advisors LLC now owns 30,394 shares of the aerospace company’s stock worth $592,000 after purchasing an additional 1,015 shares during the last quarter. Finally, Advisors Asset Management Inc. lifted its stake in Astronics by 32.2% in the third quarter. Advisors Asset Management Inc. now owns 84,181 shares of the aerospace company’s stock worth $1,640,000 after purchasing an additional 20,514 shares during the last quarter. 56.68% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research analysts have recently commented on ATRO shares. Truist Financial decreased their price objective on Astronics from $20.00 to $17.00 and set a “hold” rating on the stock in a report on Tuesday, January 14th. StockNews.com raised Astronics from a “hold” rating to a “buy” rating in a research note on Wednesday, February 5th.

Astronics Price Performance

Shares of Astronics stock opened at $20.20 on Monday. The company’s fifty day simple moving average is $17.12 and its two-hundred day simple moving average is $18.18. Astronics Co. has a 12-month low of $14.13 and a 12-month high of $23.74. The firm has a market cap of $712.29 million, a PE ratio of -106.31 and a beta of 1.79. The company has a quick ratio of 1.46, a current ratio of 2.83 and a debt-to-equity ratio of 0.72.

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.