Astronics (NASDAQ:ATRO) was upgraded by investment analysts at BidaskClub from a “hold” rating to a “buy” rating in a research note issued to investors on Saturday.

A number of other equities research analysts have also issued reports on the company. Zacks Investment Research lowered Astronics from a “hold” rating to a “sell” rating in a research report on Friday, May 11th. Canaccord Genuity lowered Astronics from a “buy” rating to a “hold” rating and cut their target price for the stock from $50.00 to $41.00 in a research report on Thursday, May 10th. Finally, SunTrust Banks cut their target price on Astronics to $39.00 and set an “average” rating on the stock in a research report on Tuesday, February 27th. They noted that the move was a valuation call. 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 stock. Astronics currently has a consensus rating of “Hold” and an average target price of $42.75.

Shares of Astronics opened at $39.03 on Friday, Marketbeat reports. The firm has a market cap of $1.10 billion, a PE ratio of 31.22, a P/E/G ratio of 2.67 and a beta of 1.50. The company has a current ratio of 2.86, a quick ratio of 1.55 and a debt-to-equity ratio of 0.81. Astronics has a 12-month low of $23.95 and a 12-month high of $49.45.

Astronics (NASDAQ:ATRO) last announced its earnings results on Wednesday, May 9th. The aerospace company reported $0.11 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.31 by ($0.20). The company had revenue of $179.06 million for the quarter, compared to analyst estimates of $182.24 million. Astronics had a return on equity of 8.43% and a net margin of 1.75%. The firm’s revenue for the quarter was up 17.5% on a year-over-year basis. During the same period last year, the firm earned $0.38 earnings per share. equities research analysts predict that Astronics will post 1.46 EPS for the current fiscal year.

In other news, CEO Peter J. Gundermann sold 2,000 shares of the business’s stock in a transaction on Friday, March 23rd. The stock was sold at an average price of $36.10, for a total transaction of $72,200.00. Following the sale, the chief executive officer now directly owns 17,595 shares of the company’s stock, valued at $635,179.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders have sold 12,000 shares of company stock worth $445,320 over the last ninety days. 16.57% of the stock is owned by insiders.

A number of large investors have recently bought and sold shares of ATRO. Aperio Group LLC acquired a new position in Astronics during the fourth quarter valued at $283,000. Teacher Retirement System of Texas acquired a new position in Astronics during the fourth quarter valued at $308,000. BlueCrest Capital Management Ltd acquired a new position in Astronics during the fourth quarter valued at $326,000. Pinnacle Associates Ltd. acquired a new position in Astronics during the first quarter valued at $367,000. Finally, Campbell & CO Investment Adviser LLC acquired a new position in Astronics during the first quarter valued at $425,000. 69.16% of the stock is currently owned by hedge funds and other institutional investors.

Astronics Company Profile

Astronics Corporation, through its subsidiaries, designs and manufactures products for the aerospace, defense, electronics, and semiconductor industries worldwide. It operates in two segments, Aerospace and Test Systems. The Aerospace segment offers lighting and safety systems; electrical power generation, distribution, and motions systems; aircraft structures; avionics products; system certification; and connectivity and other products.

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