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Austal ( (AU:ASB) ) has shared an announcement.
State Street Corporation, through subsidiaries including State Street Global Advisors and State Street Bank and Trust Company, has lodged a notice stating it has ceased to be a substantial shareholder in Austal Limited as of 26 December 2025. The change in holding, disclosed under section 671B of the Corporations Act, signals an exit from a substantial position by a major global institutional investor, potentially altering Austal’s share register composition and reducing the presence of passive institutional capital in the stock, though the filing provides no detail on the size of the divestment or the consideration involved.
The most recent analyst rating on (AU:ASB) stock is a Hold with a A$7.86 price target. To see the full list of analyst forecasts on Austal stock, see the AU:ASB Stock Forecast page.
More about Austal
Austal Limited is an Australian shipbuilding company that designs, constructs and supports defence and commercial vessels, including patrol boats, frigates and high-speed ferries, primarily serving naval, government and commercial operators in Australia and international markets.
Average Trading Volume: 1,322,649
Technical Sentiment Signal: Buy
Current Market Cap: A$2.87B
Learn more about ASB stock on TipRanks’ Stock Analysis page.