BidaskClub upgraded shares of Astronics (NASDAQ:ATRO) from a hold rating to a buy rating in a research note released on Saturday, February 17th.
Other equities research analysts have also issued research reports about the stock. Zacks Investment Research upgraded shares of Astronics from a hold rating to a buy rating and set a $46.00 target price on the stock in a report on Tuesday, January 2nd. Canaccord Genuity reiterated a buy rating and issued a $46.00 price objective on shares of Astronics in a research note on Tuesday, December 12th. Dougherty & Co increased 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. Finally, SunTrust Banks reiterated a hold rating and issued a $48.00 price objective on shares of Astronics in a research note on Friday, January 19th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the company’s stock. Astronics presently has a consensus rating of Hold and an average price target of $45.00.
Shares of Astronics (ATRO) traded down $0.93 on Friday, reaching $39.16. 89,907 shares of the company’s stock were exchanged, compared to its average volume of 140,191. The company has a market capitalization of $1,138.88, a PE ratio of 60.25, a P/E/G ratio of 2.32 and a beta of 1.58. The company has a quick ratio of 1.60, a current ratio of 3.06 and a debt-to-equity ratio of 0.82. Astronics has a twelve month low of $23.95 and a twelve month high of $49.45.
Astronics (NASDAQ:ATRO) last released its quarterly earnings data on Monday, February 26th. The aerospace company reported $0.41 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.44 by ($0.03). Astronics had a return on equity of 10.82% and a net margin of 3.15%. The company had revenue of $171.32 million for the quarter, compared to the consensus estimate of $179.33 million. research analysts forecast that Astronics will post 1.75 EPS for the current fiscal year.
Astronics declared that its board has approved a stock buyback program on Monday, December 18th that allows the company to repurchase $50.00 million in shares. This repurchase authorization allows the aerospace company to purchase shares of its stock through open market purchases. Shares repurchase programs are often an indication that the company’s management believes its shares are undervalued.
In other Astronics news, VP Mark Peabody sold 2,000 shares of the firm’s stock in a transaction 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 transaction, the vice president now directly owns 23,368 shares of the company’s stock, valued at approximately $1,031,930.88. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Over the last ninety days, insiders sold 12,000 shares of company stock valued at $495,540. 16.45% of the stock is owned by insiders.
Several institutional investors have recently bought and sold shares of ATRO. Aperio Group LLC purchased a new stake in shares of Astronics during the 4th quarter valued at $283,000. Teacher Retirement System of Texas purchased a new stake in shares of Astronics during the 4th quarter valued at $308,000. Unison Advisors LLC purchased a new stake in shares of Astronics during the 4th quarter valued at $313,000. BlueCrest Capital Management Ltd purchased a new stake in shares of Astronics during the 4th quarter valued at $326,000. Finally, Voya Investment Management LLC raised its position in shares of Astronics by 11.2% during the 2nd quarter. Voya Investment Management LLC now owns 10,719 shares of the aerospace company’s stock valued at $327,000 after buying an additional 1,078 shares in the last quarter. Hedge funds and other institutional investors own 69.08% of the company’s stock.
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.
Receive News & Ratings for Astronics Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Astronics and related companies with MarketBeat.com's FREE daily email newsletter.