Astronics Co. (NASDAQ:ATRO) VP Mark Peabody sold 2,000 shares of the stock in a transaction on Friday, March 2nd. The shares were sold at an average price of $38.52, for a total transaction of $77,040.00. Following the transaction, the vice president now owns 19,368 shares of the company’s stock, valued at approximately $746,055.36. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed 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 stock was sold at an average price of $41.82, for a total transaction of $83,640.00.
- On Friday, January 19th, Mark Peabody sold 2,000 shares of Astronics stock. The stock was sold at an average price of $44.16, for a total transaction of $88,320.00.
Shares of Astronics Co. (ATRO) traded down $0.49 during midday trading on Tuesday, reaching $40.09. 101,149 shares of the company traded hands, compared to its average volume of 141,194. The stock has a market cap of $1,149.82, a price-to-earnings ratio of 32.52, a PEG ratio of 2.34 and a beta of 1.58. The company has a debt-to-equity ratio of 0.82, a quick ratio of 1.60 and a current ratio of 3.06. Astronics Co. has a 12 month low of $23.95 and a 12 month high of $49.45.
Astronics (NASDAQ:ATRO) last announced its earnings results on Monday, February 26th. The aerospace company reported $0.41 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.44 by ($0.03). The business had revenue of $171.32 million for the quarter, compared to analyst estimates of $179.33 million. Astronics had a return on equity of 10.82% and a net margin of 3.15%. research analysts predict that Astronics Co. will post 1.75 EPS for the current fiscal year.
Astronics declared that its board has approved a share buyback plan on Monday, December 18th that authorizes the company to repurchase $50.00 million in outstanding shares. This repurchase authorization authorizes the aerospace company to reacquire shares of its stock through open market purchases. Shares repurchase plans are typically a sign that the company’s board of directors believes its stock is undervalued.
A number of research firms have commented on ATRO. SunTrust Banks reissued a “hold” rating and set a $48.00 target price on shares of Astronics in a research report on Friday, January 19th. BidaskClub upgraded shares of Astronics from a “buy” rating to a “strong-buy” rating in a report on Friday, December 22nd. Canaccord Genuity reiterated a “buy” rating and issued a $50.00 target price (up from $48.00) on shares of Astronics in a research note on Tuesday, February 27th. Zacks Investment Research upgraded shares of Astronics from a “hold” rating to a “buy” rating and set a $46.00 target price for the company in a research note on Tuesday, January 2nd. Finally, Dougherty & Co lifted their price objective on shares of Astronics from $40.00 to $45.00 and gave the company a “buy” rating in a research note on Monday, December 4th. 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 stock has an average rating of “Hold” and an average target price of $45.00.
A number of hedge funds and other institutional investors have recently bought and sold shares of ATRO. Aperio Group LLC purchased a new stake in shares of Astronics during the fourth quarter worth approximately $283,000. Teacher Retirement System of Texas purchased a new position in Astronics in the fourth quarter valued at approximately $308,000. Unison Advisors LLC acquired a new stake in shares of Astronics in the fourth quarter valued at approximately $313,000. BlueCrest Capital Management Ltd acquired a new stake in shares of Astronics in the fourth quarter valued at approximately $326,000. Finally, Catalyst Capital Advisors LLC acquired a new stake in shares of Astronics in the fourth quarter valued at approximately $328,000. 69.08% of the stock is currently owned by institutional investors.
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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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