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

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 PerformanceShares 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 TargetsA 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 AstronicsAstronics 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.Featured ArticlesFive stocks we like better than AstronicsWhat Investors Must Know About Over-the-Counter (OTC) StocksChaos and Cash: Finding Opportunity in VolatilityHow to buy stock: A step-by-step guide for beginners Realty Income: An Anchor in Volatile MarketsHow to Invest in Blue Chip StocksAutodesk Designs Value for Investors: Uptrend Set to ContinueWant to see what other hedge funds are holding ATRO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Astronics Co. (NASDAQ:ATRO - Free Report).This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.Should You Invest $1,000 in Astronics Right Now?Before you consider Astronics, you'll want to hear this.MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Astronics wasn't on the list.While Astronics currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.View The Five Stocks Here