Astronics Corporation (ATRO) – What Are Analysts Saying About This Stock?

Shares of Astronics Corporation (NASDAQ:ATRO) have earned a consensus recommendation of “Moderate Buy” from the seven analysts that are covering the company, Marketbeat.com reports. Three analysts have rated the stock with a hold recommendation, two have issued a buy recommendation and two have issued a strong buy recommendation on the company. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is $89.58.

A number of analysts recently commented on ATRO shares. Zacks Research lowered Astronics from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 7th. Wall Street Zen upgraded shares of Astronics from a “buy” rating to a “strong-buy” rating in a report on Sunday, August 16th. TD Cowen restated a “buy” rating and issued a $90.00 price objective (down from $100.00) on shares of Astronics in a report on Friday, October 9th. Weiss Ratings cut shares of Astronics from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Thursday, October 8th. Finally, KeyCorp started coverage on shares of Astronics in a research note on Thursday. They set a “sector weight” rating on the stock.

Institutional Trading of Astronics

Several large investors have recently bought and sold shares of the company. BlackRock Inc. purchased a new position in Astronics during the second quarter valued at $248,395,000. Dimensional Fund Advisors LP grew its position in shares of Astronics by 5.3% in the 1st quarter. Dimensional Fund Advisors LP now owns 673,760 shares of the aerospace company’s stock worth $44,951,000 after buying an additional 34,018 shares during the period. Emerald Advisers LLC increased its stake in shares of Astronics by 85.0% in the 1st quarter. Emerald Advisers LLC now owns 449,126 shares of the aerospace company’s stock worth $29,970,000 after acquiring an additional 206,399 shares in the last quarter. Emerald Mutual Fund Advisers Trust increased its stake in shares of Astronics by 78.1% in the 1st quarter. Emerald Mutual Fund Advisers Trust now owns 279,159 shares of the aerospace company’s stock worth $18,628,000 after acquiring an additional 122,440 shares in the last quarter. Finally, First Trust Advisors LP increased its stake in shares of Astronics by 4.1% in the 1st quarter. First Trust Advisors LP now owns 253,492 shares of the aerospace company’s stock worth $16,916,000 after acquiring an additional 10,014 shares in the last quarter. 56.68% of the stock is owned by institutional investors.

Astronics Trading Down 2.2%

NASDAQ ATRO opened at $57.89 on Friday. The company has a quick ratio of 1.63, a current ratio of 2.97 and a debt-to-equity ratio of 1.57. Astronics has a twelve month low of $34.58 and a twelve month high of $94.46. The stock’s 50-day simple moving average is $70.09 and its two-hundred day simple moving average is $70.38. The company has a market capitalization of $2.49 billion, a price-to-earnings ratio of 26.61 and a beta of 1.25.

Astronics (NASDAQ:ATRO) last announced its quarterly earnings results on Tuesday, August 11th. The aerospace company reported $0.70 earnings per share for the quarter, beating the consensus estimate of $0.59 by $0.11. The business had revenue of $259.96 million during the quarter, compared to analysts’ expectations of $245.30 million. Astronics had a net margin of 8.40% and a return on equity of 67.69%. The company’s revenue was up 46.9% compared to the same quarter last year. Research analysts forecast that Astronics will post 2.72 EPS for the current fiscal year.

Astronics Company Profile

Astronics Corporation is a aerospace and defense company that designs and manufactures advanced technologies for commercial, military and business aircraft. Its products and systems are used by original equipment manufacturers, airlines, aircraft operators and defense contractors.

The company’s offerings include aircraft electrical power systems, lighting and cabin-management systems, connectivity and inflight entertainment equipment, avionics and specialized aerospace components. Astronics also develops automated test systems and related equipment used to test and support electronic systems in the aerospace, defense and other high-technology industries.

Founded in 1968 and headquartered in East Aurora, New York, Astronics serves customers in the United States and international markets through its manufacturing and engineering operations.