Astronics Co. (ATRO) CEO Peter J. Gundermann Sells 2,000 Shares

Astronics Co. (NASDAQ:ATRO) CEO Peter J. Gundermann sold 2,000 shares of the business’s stock in a transaction that occurred on Friday, February 2nd. The stock was sold at an average price of $43.48, for a total transaction of $86,960.00. Following the sale, the chief executive officer now owns 31,595 shares of the company’s stock, valued at $1,373,750.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Astronics Co. (NASDAQ:ATRO) traded up $0.56 on Tuesday, reaching $40.41. 142,645 shares of the company’s stock traded hands, compared to its average volume of 134,798. 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 Co. has a 12 month low of $23.95 and a 12 month high of $49.45. The stock has a market capitalization of $1,150.00, a P/E ratio of 34.25, a P/E/G ratio of 2.15 and a beta of 1.58.

Astronics (NASDAQ:ATRO) last released its quarterly earnings data on Tuesday, November 7th. The aerospace company reported $0.21 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.35 by ($0.14). Astronics had a return on equity of 10.29% and a net margin of 5.80%. The business had revenue of $149.64 million for the quarter, compared to analysts’ expectations of $154.90 million. During the same quarter in the prior year, the firm earned $0.41 earnings per share. Astronics’s quarterly revenue was down 3.5% compared to the same quarter last year. equities research analysts anticipate that Astronics Co. will post 1.28 EPS for the current year.

Astronics declared that its Board of Directors has authorized a stock repurchase plan on Monday, December 18th that permits the company to repurchase $50.00 million in shares. This repurchase authorization permits the aerospace company to repurchase shares of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s management believes its shares are undervalued.

Several research firms have issued reports on ATRO. Zacks Investment Research upgraded shares of Astronics from a “hold” rating to a “buy” rating and set a $46.00 price objective for the company in a research note on Tuesday, January 2nd. SunTrust Banks reiterated a “hold” rating and set a $30.00 price objective on shares of Astronics in a research note on Thursday, October 12th. Dougherty & Co boosted their price objective on shares of Astronics from $35.00 to $40.00 and gave the stock a “buy” rating in a research note on Wednesday, November 8th. Canaccord Genuity reiterated a “buy” rating and set a $40.00 price objective on shares of Astronics in a research note on Tuesday, November 7th. Finally, BidaskClub downgraded shares of Astronics from a “strong-buy” rating to a “buy” rating in a research note on Friday, December 29th. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Astronics has a consensus rating of “Buy” and an average target price of $46.25.

Several hedge funds have recently made changes to their positions in ATRO. Legal & General Group Plc boosted its stake in shares of Astronics by 10.7% in the second quarter. Legal & General Group Plc now owns 5,630 shares of the aerospace company’s stock valued at $172,000 after purchasing an additional 546 shares during the period. Aperio Group LLC purchased a new position in shares of Astronics in the fourth quarter valued at $283,000. Tudor Investment Corp ET AL boosted its stake in shares of Astronics by 28.5% in the second quarter. Tudor Investment Corp ET AL now owns 9,727 shares of the aerospace company’s stock valued at $296,000 after purchasing an additional 2,158 shares during the period. Unison Advisors LLC purchased a new position in shares of Astronics in the fourth quarter valued at $313,000. Finally, Voya Investment Management LLC boosted its stake in shares of Astronics by 11.2% in the second 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. Institutional investors and hedge funds own 65.57% of the company’s stock.

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Astronics 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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