Astronics (NASDAQ:ATRO) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Astronics (NASDAQ:ATRO) from a buy rating to a strong-buy rating in a report published on Sunday,Wall Street Zen reports.

ATRO has been the topic of several other research reports. Weiss Ratings downgraded Astronics from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Thursday, October 8th. TD Cowen reissued a “buy” rating and issued a $90.00 target price (down from $100.00) on shares of Astronics in a research note on Friday, October 9th. KeyCorp assumed coverage on Astronics in a report on Thursday, October 22nd. They issued a “sector weight” rating for the company. Finally, Zacks Research lowered Astronics from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 7th. Two analysts have rated the stock with a Strong Buy rating, two have given a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $89.58.

Astronics Stock Up 5.1%

Shares of NASDAQ:ATRO opened at $62.00 on Friday. Astronics has a 52 week low of $38.13 and a 52 week high of $94.46. The company has a debt-to-equity ratio of 1.57, a quick ratio of 1.63 and a current ratio of 2.97. The company has a market capitalization of $2.67 billion, a PE ratio of 26.51 and a beta of 1.37. The company has a 50 day moving average price of $65.39 and a two-hundred day moving average price of $67.46.

Astronics (NASDAQ:ATRO) last posted its earnings results on Tuesday, November 10th. The aerospace company reported $0.81 earnings per share for the quarter, topping the consensus estimate of $0.72 by $0.09. The company had revenue of $271.68 million for the quarter, compared to analyst estimates of $267.97 million. Astronics had a net margin of 8.40% and a return on equity of 67.69%. The business’s revenue for the quarter was up 41.0% compared to the same quarter last year. During the same period last year, the business posted $0.49 earnings per share. Analysts forecast that Astronics will post 2.72 earnings per share for the current year.

Institutional Investors Weigh In On Astronics

Several large investors have recently made changes to their positions in ATRO. Private Advisor Group LLC acquired a new position in Astronics in the 3rd quarter worth $443,000. Global Retirement Partners LLC increased its holdings in Astronics by 857.2% during the 3rd quarter. Global Retirement Partners LLC now owns 1,321 shares of the aerospace company’s stock worth $89,000 after purchasing an additional 1,183 shares in the last quarter. HighTower Advisors LLC raised its stake in shares of Astronics by 724.0% in the 3rd quarter. HighTower Advisors LLC now owns 22,931 shares of the aerospace company’s stock valued at $1,546,000 after purchasing an additional 20,148 shares during the period. White Pine Capital LLC acquired a new stake in shares of Astronics in the 3rd quarter valued at about $3,395,000. Finally, Thoroughbred Financial Services LLC raised its stake in shares of Astronics by 19.7% in the 3rd quarter. Thoroughbred Financial Services LLC now owns 12,577 shares of the aerospace company’s stock valued at $847,000 after purchasing an additional 2,071 shares during the period. Institutional investors own 56.68% of the company’s stock.

Astronics Company Profile

Astronics Corporation designs and manufactures technologies for the aerospace, defense and other industries. Its aerospace products include aircraft lighting, electrical power generation and distribution systems, cabin electronics, connectivity solutions and avionics-related equipment used on commercial and military aircraft. The company also develops test systems, including automated equipment used to test aerospace and defense electronics. Astronics serves aircraft manufacturers, airlines, defense organizations and other customers, with products and services reaching markets around the world.