Astronics Co. (NASDAQ:ATRO) Shares Purchased by Reinhart Partners Inc.

Reinhart Partners Inc. raised its position in Astronics Co. (NASDAQ:ATRO) by 31.7% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 141,248 shares of the aerospace company’s stock after purchasing an additional 34,030 shares during the quarter. Reinhart Partners Inc. owned approximately 0.43% of Astronics worth $4,150,000 at the end of the most recent quarter.

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A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Rhumbline Advisers grew its position in shares of Astronics by 1.6% during the third quarter. Rhumbline Advisers now owns 31,660 shares of the aerospace company’s stock worth $930,000 after buying an additional 513 shares in the last quarter. Tower Research Capital LLC TRC raised its position in Astronics by 481.7% in the 2nd quarter. Tower Research Capital LLC TRC now owns 733 shares of the aerospace company’s stock worth $30,000 after buying an additional 607 shares during the last quarter. Swiss National Bank lifted its stake in Astronics by 1.8% during the 2nd quarter. Swiss National Bank now owns 40,255 shares of the aerospace company’s stock valued at $1,619,000 after acquiring an additional 700 shares during the period. Van Hulzen Asset Management LLC lifted its stake in Astronics by 9.0% during the 2nd quarter. Van Hulzen Asset Management LLC now owns 11,385 shares of the aerospace company’s stock valued at $458,000 after acquiring an additional 940 shares during the period. Finally, State Board of Administration of Florida Retirement System lifted its stake in Astronics by 7.4% during the 2nd quarter. State Board of Administration of Florida Retirement System now owns 14,979 shares of the aerospace company’s stock valued at $602,000 after acquiring an additional 1,036 shares during the period. Hedge funds and other institutional investors own 68.50% of the company’s stock.

NASDAQ ATRO opened at $28.58 on Tuesday. Astronics Co. has a 12 month low of $25.85 and a 12 month high of $44.34. The company has a current ratio of 2.96, a quick ratio of 1.71 and a debt-to-equity ratio of 0.42. The stock has a market cap of $899.92 million, a price-to-earnings ratio of 20.27, a PEG ratio of 3.37 and a beta of 1.41. The company’s 50 day moving average is $30.01 and its two-hundred day moving average is $33.62.

A number of analysts have recently commented on ATRO shares. Dougherty & Co reduced their price target on shares of Astronics from $40.00 to $38.00 and set a “buy” rating for the company in a research note on Wednesday, November 6th. ValuEngine upgraded shares of Astronics from a “hold” rating to a “buy” rating in a research report on Thursday, November 14th. TheStreet cut shares of Astronics from a “b-” rating to a “c+” rating in a research note on Monday, August 26th. Zacks Investment Research downgraded shares of Astronics from a “hold” rating to a “sell” rating in a research report on Wednesday, October 16th. Finally, BidaskClub downgraded Astronics from a “hold” rating to a “sell” rating in a research report on Friday, October 25th. Three research analysts have rated the stock with a sell rating and three have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $37.75.

Astronics Profile

Astronics Corporation, through its subsidiaries, designs and manufactures products for the aerospace, defense, electronics, and semiconductor industries worldwide. It operates in two segments, Aerospace and Test Systems. The Aerospace segment offers lighting and safety systems; electrical power generation, distribution, and motions systems; aircraft structures; avionics products; system certification; and connectivity and other products.

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Institutional Ownership by Quarter for Astronics (NASDAQ:ATRO)

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