Astronics Corporation (NASDAQ:ATRO) Director Robert J. Mckenna sold 45,000 shares of Astronics Corporation stock in a transaction on Tuesday, November 21st. The stock was sold at an average price of $39.00, for a total transaction of $1,755,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
Shares of Astronics Corporation (ATRO) traded up $0.86 during trading on Tuesday, reaching $39.58. 130,206 shares of the company’s stock traded hands, compared to its average volume of 148,031. The company has a current ratio of 3.07, a quick ratio of 1.57 and a debt-to-equity ratio of 0.52. Astronics Corporation has a 12-month low of $23.95 and a 12-month high of $41.03. The company has a market capitalization of $1,100.00, a PE ratio of 32.58, a PEG ratio of 1.99 and a beta of 1.47.
Astronics Corporation (NASDAQ:ATRO) last issued its quarterly earnings results on Tuesday, November 7th. The aerospace company reported $0.21 EPS for the quarter, missing the consensus estimate of $0.35 by ($0.14). Astronics Corporation had a return on equity of 10.29% and a net margin of 5.80%. The business had revenue of $149.64 million during the quarter, compared to the consensus estimate of $154.90 million. During the same quarter last year, the firm posted $0.41 earnings per share. Astronics Corporation’s revenue was down 3.5% compared to the same quarter last year. equities research analysts anticipate that Astronics Corporation will post 1.29 EPS for the current fiscal year.
Several analysts have weighed in on ATRO shares. Zacks Investment Research lowered shares of Astronics Corporation from a “hold” rating to a “strong sell” rating in a research note on Friday, August 4th. SunTrust Banks, Inc. reissued a “hold” rating and set a $35.00 price target on shares of Astronics Corporation in a report on Friday, November 10th. Canaccord Genuity reissued a “buy” rating and set a $34.00 price target on shares of Astronics Corporation in a report on Wednesday, August 16th. Dougherty & Co boosted their price target on shares of Astronics Corporation from $35.00 to $40.00 and gave the company a “buy” rating in a report on Wednesday, November 8th. Finally, BidaskClub downgraded shares of Astronics Corporation from a “sell” rating to a “strong sell” rating in a report on Monday, July 24th. 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 has a consensus rating of “Hold” and a consensus target price of $37.25.
A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Creative Planning raised its holdings in Astronics Corporation by 0.9% during the 2nd quarter. Creative Planning now owns 10,900 shares of the aerospace company’s stock worth $332,000 after buying an additional 100 shares during the period. Legal & General Group Plc increased its holdings in shares of Astronics Corporation by 12.0% in the 1st quarter. Legal & General Group Plc now owns 5,084 shares of the aerospace company’s stock valued at $161,000 after purchasing an additional 543 shares during the period. Teachers Advisors LLC increased its holdings in shares of Astronics Corporation by 2.0% in the 1st quarter. Teachers Advisors LLC now owns 37,532 shares of the aerospace company’s stock valued at $1,191,000 after purchasing an additional 732 shares during the period. Connors Investor Services Inc. increased its holdings in shares of Astronics Corporation by 1.8% in the 2nd quarter. Connors Investor Services Inc. now owns 58,465 shares of the aerospace company’s stock valued at $1,781,000 after purchasing an additional 1,045 shares during the period. Finally, Voya Investment Management LLC increased its holdings in shares of Astronics Corporation by 11.2% in the 2nd quarter. Voya Investment Management LLC now owns 10,719 shares of the aerospace company’s stock valued at $327,000 after purchasing an additional 1,078 shares during the period. Hedge funds and other institutional investors own 64.47% of the company’s stock.
Astronics Corporation Company Profile
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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