Shares of Astronics Corp. (NASDAQ:ATRO) rose 5.4% on Friday . The company traded as high as $34.86 and last traded at $34.73, with a volume of 169,445 shares. The stock had previously closed at $32.94.

ATRO has been the subject of a number of research reports. Canaccord Genuity reaffirmed a “buy” rating and set a $45.00 price target (up from $40.00) on shares of Astronics Corp. in a research report on Wednesday, March 16th. Zacks Investment Research raised shares of Astronics Corp. from a “sell” rating to a “hold” rating in a research report on Monday, May 2nd. Dougherty & Co upped their price objective on shares of Astronics Corp. from $50.00 to $52.00 and gave the company a “buy” rating in a research report on Thursday, May 5th. Finally, KeyCorp raised shares of Astronics Corp. from a “sector weight” rating to an “overweight” rating in a research report on Wednesday, June 29th. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of $54.40.

The company has a 50-day moving average of $35.89 and a 200 day moving average of $35.27. The company has a market cap of $886.31 million and a price-to-earnings ratio of 13.47.

Astronics Corp. (NASDAQ:ATRO) last issued its earnings results on Wednesday, May 4th. The company reported $0.44 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.52 by $0.08. The business had revenue of $159.53 million for the quarter, compared to the consensus estimate of $167.77 million. During the same period in the prior year, the business earned $0.41 earnings per share. The firm’s revenue for the quarter was down 1.3% on a year-over-year basis. Equities analysts forecast that Astronics Corp. will post $2.26 EPS for the current fiscal year.

In other Astronics Corp. news, EVP James S. Kramer sold 3,000 shares of Astronics Corp. stock in a transaction on Wednesday, June 1st. The shares were sold at an average price of $38.12, for a total transaction of $114,360.00. Following the completion of the sale, the executive vice president now owns 42,600 shares of the company’s stock, valued at approximately $1,623,912. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Robert T. Brady bought 4,500 shares of the firm’s stock in a transaction on Wednesday, May 18th. The shares were bought at an average cost of $35.39 per share, with a total value of $159,255.00. Following the purchase, the director now directly owns 20,397 shares in the company, valued at $721,849.83. The disclosure for this purchase can be found here.

Other large investors recently modified their holdings of the company. Comerica Bank raised its stake in shares of Astronics Corp. by 0.5% in the fourth quarter. Comerica Bank now owns 28,721 shares of the company’s stock worth $1,044,000 after buying an additional 134 shares during the period. Bragg Financial Advisors Inc acquired a new position in Astronics Corp. during the fourth quarter worth $1,122,000. Eagle Asset Management Inc. increased its position in Astronics Corp. by 22.5% in the fourth quarter. Eagle Asset Management Inc. now owns 47,221 shares of the company’s stock worth $1,922,000 after buying an additional 8,676 shares in the last quarter. New York State Common Retirement Fund increased its position in Astronics Corp. by 63.5% in the fourth quarter. New York State Common Retirement Fund now owns 53,286 shares of the company’s stock worth $2,169,000 after buying an additional 20,694 shares in the last quarter. Finally, State of Wisconsin Investment Board increased its position in Astronics Corp. by 31.0% in the fourth quarter. State of Wisconsin Investment Board now owns 213,423 shares of the company’s stock worth $8,688,000 after buying an additional 50,493 shares in the last quarter.

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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