Insider Selling: Astronics Co. (ATRO) VP Sells 2,000 Shares of Stock

Astronics Co. (NASDAQ:ATRO) VP Mark Peabody sold 2,000 shares of Astronics stock in a transaction that occurred on Friday, January 19th. The shares were sold at an average price of $44.16, for a total value of $88,320.00. Following the completion of the sale, the vice president now directly owns 23,368 shares in the company, valued at approximately $1,031,930.88. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Mark Peabody also recently made the following trade(s):

  • On Friday, February 16th, Mark Peabody sold 2,000 shares of Astronics stock. The shares were sold at an average price of $41.82, for a total value of $83,640.00.

Astronics Co. (NASDAQ ATRO) opened at $41.33 on Wednesday. The company has a debt-to-equity ratio of 0.52, a current ratio of 3.07 and a quick ratio of 1.57. The firm has a market capitalization of $1,172.68, a P/E ratio of 35.49, a price-to-earnings-growth ratio of 2.10 and a beta of 1.49. Astronics Co. has a one year low of $23.95 and a one year high of $49.45.

Astronics declared that its board has authorized a share buyback plan on Monday, December 18th that authorizes the company to repurchase $50.00 million in shares. This repurchase authorization authorizes the aerospace company to purchase shares of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s leadership believes its shares are undervalued.

A number of hedge funds have recently bought and sold shares of the business. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp grew its stake in Astronics by 34.3% in the fourth quarter. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp now owns 68,663 shares of the aerospace company’s stock valued at $2,847,000 after purchasing an additional 17,539 shares in the last quarter. MetLife Investment Advisors LLC bought a new position in Astronics in the fourth quarter valued at approximately $431,000. Millennium Management LLC bought a new position in Astronics in the fourth quarter valued at approximately $1,687,000. NWQ Investment Management Company LLC bought a new position in shares of Astronics during the 4th quarter worth approximately $14,580,000. Finally, Paloma Partners Management Co bought a new position in shares of Astronics during the 4th quarter worth approximately $660,000. Hedge funds and other institutional investors own 67.63% of the company’s stock.

A number of equities research analysts recently issued reports on ATRO shares. Canaccord Genuity reissued a “buy” rating on shares of Astronics in a research report on Friday, October 27th. Dougherty & Co lifted their target price on Astronics from $35.00 to $40.00 and gave the company a “buy” rating in a research report on Wednesday, November 8th. Zacks Investment Research raised Astronics from a “sell” rating to a “hold” rating in a research report on Friday, November 10th. SunTrust Banks reissued a “hold” rating and issued a $35.00 target price on shares of Astronics in a research report on Friday, November 10th. Finally, BidaskClub lowered Astronics from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, December 12th. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $46.25.

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About Astronics

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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