Systematic Financial Management LP Purchases New Shares in Astronics Co. (NASDAQ:ATRO)

Systematic Financial Management LP purchased a new stake in shares of Astronics Co. (NASDAQ:ATRO) during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 18,750 shares of the aerospace company’s stock, valued at approximately $551,000. Systematic Financial Management LP owned approximately 0.06% of Astronics at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Reinhart Partners Inc. lifted its position in shares of Astronics by 31.7% during the third quarter. Reinhart Partners Inc. now owns 141,248 shares of the aerospace company’s stock valued at $4,150,000 after purchasing an additional 34,030 shares in the last quarter. Paradice Investment Management LLC bought a new position in shares of Astronics during the third quarter valued at about $2,394,000. SG Americas Securities LLC lifted its position in shares of Astronics by 684.1% during the third quarter. SG Americas Securities LLC now owns 28,690 shares of the aerospace company’s stock valued at $843,000 after purchasing an additional 25,031 shares in the last quarter. Mondrian Investment Partners LTD lifted its position in shares of Astronics by 27.4% during the third quarter. Mondrian Investment Partners LTD now owns 123,918 shares of the aerospace company’s stock valued at $3,641,000 after purchasing an additional 26,615 shares in the last quarter. Finally, First Mercantile Trust Co. bought a new position in shares of Astronics during the third quarter valued at about $108,000. 67.17% of the stock is currently owned by institutional investors.

Shares of ATRO stock opened at $30.67 on Friday. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.71 and a current ratio of 2.96. The firm’s 50-day simple moving average is $29.81 and its two-hundred day simple moving average is $34.14. Astronics Co. has a 52 week low of $25.85 and a 52 week high of $44.34. The firm has a market cap of $974.66 million, a price-to-earnings ratio of 21.75, a P/E/G ratio of 3.45 and a beta of 1.40.

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

About Astronics

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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