Astronics Co. (NASDAQ:ATRO) has received a consensus rating of “Hold” from the six research firms that are covering the company, Marketbeat reports. One analyst has rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the company. The average 1 year target price among brokers that have covered the stock in the last year is $40.00.
A number of brokerages recently commented on ATRO. Dougherty & Co lifted their price objective on Astronics from $40.00 to $45.00 and gave the stock a “buy” rating in a research report on Monday. SunTrust Banks reiterated a “hold” rating and issued a $35.00 price objective on shares of Astronics in a research report on Friday, November 10th. Zacks Investment Research upgraded Astronics from a “sell” rating to a “hold” rating in a research report on Friday, November 10th. Finally, Canaccord Genuity reiterated a “buy” rating and issued a $40.00 price objective on shares of Astronics in a research report on Tuesday, November 7th.
In other news, Director Robert J. Mckenna sold 45,000 shares of the business’s stock in a transaction dated Tuesday, November 21st. The stock was sold at an average price of $39.00, for a total transaction of $1,755,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 16.45% of the stock is currently owned by insiders.
Several institutional investors have recently bought and sold shares of ATRO. FMR LLC grew its position in shares of Astronics by 46.5% during the 2nd quarter. FMR LLC now owns 2,028,637 shares of the aerospace company’s stock worth $61,813,000 after buying an additional 643,968 shares during the period. Paradice Investment Management LLC acquired a new position in shares of Astronics during the 3rd quarter worth about $14,771,000. International Value Advisers LLC acquired a new position in shares of Astronics in the 3rd quarter valued at approximately $12,133,000. Sei Investments Co. grew its position in shares of Astronics by 7,291,550.0% in the 3rd quarter. Sei Investments Co. now owns 145,833 shares of the aerospace company’s stock valued at $8,953,000 after purchasing an additional 145,831 shares during the period. Finally, State Street Corp grew its position in shares of Astronics by 24.7% in the 2nd quarter. State Street Corp now owns 641,261 shares of the aerospace company’s stock valued at $19,543,000 after purchasing an additional 127,165 shares during the period. Institutional investors own 65.68% of the company’s stock.
Shares of Astronics (NASDAQ:ATRO) traded up $0.01 during mid-day trading on Friday, reaching $42.06. The company had a trading volume of 120,700 shares, compared to its average volume of 146,600. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.57 and a current ratio of 3.07. The firm has a market capitalization of $1,177.44, a price-to-earnings ratio of 35.64, a price-to-earnings-growth ratio of 2.18 and a beta of 1.09. Astronics has a 1 year low of $23.95 and a 1 year high of $42.70.
Astronics (NASDAQ:ATRO) last announced its quarterly earnings data on Tuesday, November 7th. The aerospace company reported $0.21 EPS for the quarter, missing the Zacks’ consensus estimate of $0.35 by ($0.14). The firm had revenue of $149.64 million during the quarter, compared to analyst estimates of $154.90 million. Astronics had a return on equity of 10.29% and a net margin of 5.80%. Astronics’s revenue for the quarter was down 3.5% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.41 earnings per share. analysts expect that Astronics will post 1.29 EPS for the current year.
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Astronics Corporation is a supplier of products to the aerospace, defense, electronics and semiconductor industries. The Company’s products and services include electrical power generation, distribution and motion systems, lighting and safety systems, avionics products, aircraft structures, systems certification and automated test systems.
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