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Principal Financial Group Inc. Invests $2.20 Million in Astronics Corporation $ATRO
Principal Financial Group Inc. has invested $2.20 million in Astronics Corporation, acquiring a new stake of 48,314 shares during the third quarter. This move highlights increased institutional interest, with hedge funds and other institutional investors now owning 56.68% of the company. Despite mixed analyst ratings and a high debt-to-equity ratio, the stock has shown significant price performance, and analysts currently hold a “Buy” consensus with an average price target of $66.67.