Astronics (ATRO) Reaches New 1-Year High at $43.63
Astronics Co. (NASDAQ:ATRO) shares hit a new 52-week high during trading on Thursday . The company traded as high as $43.63 and last traded at $42.59, with a volume of 124500 shares traded. The stock had previously closed at $42.06.
A number of research analysts have recently commented on the company. Zacks Investment Research upgraded Astronics from a “sell” rating to a “hold” rating in a report on Friday, November 10th. SunTrust Banks reiterated a “hold” rating and set a $30.00 price target on shares of Astronics in a report on Thursday, October 12th. Canaccord Genuity restated a “buy” rating and set a $36.00 price objective on shares of Astronics in a research report on Thursday, October 5th. Finally, Dougherty & Co boosted their price objective on Astronics from $35.00 to $40.00 and gave the company a “buy” rating in a research report on Wednesday, November 8th. One 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. Astronics currently has an average rating of “Hold” and an average target price of $38.50.
The firm has a market capitalization of $1,177.72, a PE ratio of 35.64, a PEG ratio of 2.18 and a beta of 1.09. 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 (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 analysts’ consensus estimates of $0.35 by ($0.14). The firm had revenue of $149.64 million for the quarter, compared to the consensus estimate of $154.90 million. Astronics had a net margin of 5.80% and a return on equity of 10.29%. The business’s revenue for the quarter was down 3.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.41 earnings per share. analysts expect that Astronics Co. will post 1.29 earnings per share for the current fiscal year.
In other news, Director Robert J. Mckenna sold 45,000 shares of the business’s stock in a transaction that occurred 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 transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 16.45% of the company’s stock.
Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. 22NW LP bought a new stake in Astronics in the third quarter valued at $657,000. Royce & Associates LP grew its position in Astronics by 12.9% in the third quarter. Royce & Associates LP now owns 95,145 shares of the aerospace company’s stock valued at $2,831,000 after acquiring an additional 10,845 shares during the period. Dimensional Fund Advisors LP grew its position in Astronics by 2.2% in the third quarter. Dimensional Fund Advisors LP now owns 770,713 shares of the aerospace company’s stock valued at $22,929,000 after acquiring an additional 16,881 shares during the period. International Value Advisers LLC bought a new stake in Astronics in the third quarter valued at $12,133,000. Finally, Paradice Investment Management LLC bought a new stake in Astronics in the third quarter valued at $14,771,000. Institutional investors and hedge funds own 65.68% 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.
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