Astronics Corporation (NASDAQ:ATRO)‘s stock had its “buy” rating reissued by analysts at Canaccord Genuity in a report released on Thursday. They currently have a $38.00 target price on the stock. Canaccord Genuity’s price objective would indicate a potential upside of 11.21% from the stock’s previous close.
Separately, Zacks Investment Research lowered Astronics Corporation from a “hold” rating to a “strong sell” rating in a research report on Monday, October 10th.
Astronics Corporation (NASDAQ:ATRO) traded down 0.12% during mid-day trading on Thursday, hitting $34.17. 122,645 shares of the stock were exchanged. The stock has a market capitalization of $992.26 million, a P/E ratio of 19.66 and a beta of 1.29. The firm has a 50-day moving average price of $36.53 and a 200-day moving average price of $35.41. Astronics Corporation has a 12-month low of $21.52 and a 12-month high of $41.03.
- Astronics Corporation (NASDAQ:ATRO) last announced its quarterly earnings data on Tuesday, November 8th.
- The company reported $0.41 EPS for the quarter, missing the Zacks’ consensus estimate of $0.49 by $0.08.
- The firm earned $155.10 million during the quarter, compared to analyst estimates of $166.08 million.
- Astronics Corporation had a return on equity of 16.66% and a net margin of 8.24%. Astronics Corporation’s revenue for the quarter was down 22.5% compared to the same quarter last year.
During the same quarter in the previous year, the business earned $0.94 earnings per share. Equities analysts predict that Astronics Corporation will post $1.74 earnings per share for the current fiscal year.
In other news, VP Mark Peabody sold 1,000 shares of the business’s stock in a transaction dated Monday, December 5th. The stock was sold at an average price of $37.73, for a total transaction of $37,730.00. Following the completion of the transaction, the vice president now directly owns 22,318 shares in the company, valued at approximately $842,058.14. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders own 16.03% of the company’s stock.
Institutional investors have recently bought and sold shares of the company. Bank of Montreal Can raised its position in Astronics Corporation by 53.4% in the third quarter. Bank of Montreal Can now owns 2,779 shares of the company’s stock valued at $125,000 after buying an additional 967 shares during the last quarter. BlackRock Inc. boosted its position in Astronics Corporation by 106.2% in the third quarter. BlackRock Inc. now owns 3,328 shares of the company’s stock valued at $150,000 after buying an additional 1,714 shares during the period. SG Americas Securities LLC acquired a new position in Astronics Corporation during the third quarter valued at $153,000. BNP Paribas Arbitrage SA boosted its position in Astronics Corporation by 25.3% in the third quarter. BNP Paribas Arbitrage SA now owns 3,581 shares of the company’s stock valued at $161,000 after buying an additional 723 shares during the period. Finally, Advisors Asset Management Inc. boosted its position in Astronics Corporation by 12.3% in the third quarter. Advisors Asset Management Inc. now owns 4,228 shares of the company’s stock valued at $190,000 after buying an additional 463 shares during the period. Institutional investors own 57.34% of the company’s stock.
About Astronics Corporation
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.