Astronics Co. (NASDAQ:ATRO) CEO Peter J. Gundermann sold 2,000 shares of the company’s stock in a transaction dated Friday, April 13th. The stock was sold at an average price of $36.42, for a total transaction of $72,840.00. Following the completion of the sale, the chief executive officer now owns 11,595 shares in the company, valued at approximately $422,289.90. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.
Shares of ATRO opened at $38.87 on Wednesday. The stock has a market capitalization of $1,065.63, a price-to-earnings ratio of 30.14, a price-to-earnings-growth ratio of 2.17 and a beta of 1.56. 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 fifty-two week low of $23.95 and a fifty-two week high of $49.45.
Astronics (NASDAQ:ATRO) last posted its quarterly earnings results on Monday, February 26th. The aerospace company reported $0.41 EPS for the quarter, missing the Zacks’ consensus estimate of $0.44 by ($0.03). Astronics had a net margin of 3.15% and a return on equity of 10.82%. The firm had revenue of $171.32 million for the quarter, compared to analysts’ expectations of $179.33 million. equities analysts predict that Astronics Co. will post 1.75 earnings per share for the current year.
Several large investors have recently bought and sold shares of ATRO. New York State Common Retirement Fund grew its holdings in shares of Astronics by 5.8% during the third quarter. New York State Common Retirement Fund now owns 36,908 shares of the aerospace company’s stock valued at $1,098,000 after buying an additional 2,035 shares during the last quarter. Russell Investments Group Ltd. grew its holdings in shares of Astronics by 141.8% during the third quarter. Russell Investments Group Ltd. now owns 44,324 shares of the aerospace company’s stock valued at $1,319,000 after buying an additional 25,994 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of Astronics by 2.2% during the third quarter. Dimensional Fund Advisors LP now owns 770,713 shares of the aerospace company’s stock valued at $22,929,000 after buying an additional 16,881 shares during the last quarter. Royce & Associates LP grew its holdings in shares of Astronics by 12.9% during the third quarter. Royce & Associates LP now owns 95,145 shares of the aerospace company’s stock valued at $2,831,000 after buying an additional 10,845 shares during the last quarter. Finally, Schwab Charles Investment Management Inc. grew its holdings in shares of Astronics by 18.4% during the fourth quarter. Schwab Charles Investment Management Inc. now owns 102,881 shares of the aerospace company’s stock valued at $4,267,000 after buying an additional 15,984 shares during the last quarter. Hedge funds and other institutional investors own 68.94% of the company’s stock.
A number of equities research analysts have weighed in on ATRO shares. Zacks Investment Research upgraded shares of Astronics from a “hold” rating to a “buy” rating and set a $46.00 price objective on the stock in a report on Tuesday, January 2nd. BidaskClub upgraded shares of Astronics from a “buy” rating to a “strong-buy” rating in a report on Friday, December 22nd. SunTrust Banks restated a “hold” rating and issued a $44.00 price objective on shares of Astronics in a report on Tuesday, January 9th. Finally, Canaccord Genuity restated a “buy” rating and issued a $50.00 price objective (up previously from $48.00) on shares of Astronics in a report on Tuesday, February 27th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $45.00.
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Astronics Corporation, through its subsidiaries, designs and manufactures products for the aerospace, defense, electronics, and semiconductor industries worldwide. It operates in two segments, Aerospace and Test Systems. The Aerospace segment offers lighting and safety systems; electrical power generation, distribution, and motions systems; aircraft structures; avionics products; system certification; and connectivity and other products.
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