Mark Peabody Sells 2,000 Shares of Astronics Co. (NASDAQ:ATRO) Stock

Astronics Co. (NASDAQ:ATRO) VP Mark Peabody sold 2,000 shares of Astronics stock in a transaction on Friday, June 7th. The shares were sold at an average price of $43.78, for a total value of $87,560.00. Following the transaction, the vice president now owns 18,761 shares in the company, valued at approximately $821,356.58. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Mark Peabody also recently made the following trade(s):

  • On Friday, May 24th, Mark Peabody sold 2,000 shares of Astronics stock. The shares were sold at an average price of $41.43, for a total value of $82,860.00.

ATRO opened at $42.94 on Wednesday. The firm has a market cap of $1.40 billion, a P/E ratio of 30.45, a PEG ratio of 2.23 and a beta of 1.43. Astronics Co. has a 1 year low of $27.56 and a 1 year high of $46.56. The company has a quick ratio of 1.50, a current ratio of 2.44 and a debt-to-equity ratio of 0.25.

Astronics (NASDAQ:ATRO) last released its quarterly earnings data on Wednesday, May 8th. The aerospace company reported $0.48 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.37 by $0.11. The firm had revenue of $208.20 million during the quarter, compared to analysts’ expectations of $192.10 million. Astronics had a return on equity of 15.16% and a net margin of 14.61%. The business’s revenue for the quarter was up 16.2% on a year-over-year basis. During the same quarter last year, the firm earned $0.11 earnings per share. As a group, analysts predict that Astronics Co. will post 1.92 earnings per share for the current year.

ATRO has been the topic of a number of research analyst reports. Zacks Investment Research upgraded Astronics from a “hold” rating to a “buy” rating and set a $36.00 price target on the stock in a report on Wednesday, March 20th. BidaskClub upgraded Astronics from a “hold” rating to a “buy” rating in a report on Wednesday, February 13th. Seaport Global Securities initiated coverage on Astronics in a report on Wednesday, May 1st. They set a “buy” rating and a $42.00 price target on the stock. Finally, ValuEngine upgraded Astronics from a “hold” rating to a “buy” rating in a report on Wednesday, May 8th. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $41.67.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Marshall Wace LLP bought a new position in shares of Astronics in the first quarter worth about $608,000. International Value Advisers LLC increased its stake in shares of Astronics by 7.7% in the first quarter. International Value Advisers LLC now owns 1,601,134 shares of the aerospace company’s stock worth $52,389,000 after purchasing an additional 115,105 shares during the period. BlueMountain Capital Management LLC bought a new position in shares of Astronics in the first quarter worth about $280,000. HighTower Advisors LLC increased its stake in shares of Astronics by 13.4% in the first quarter. HighTower Advisors LLC now owns 20,205 shares of the aerospace company’s stock worth $660,000 after purchasing an additional 2,384 shares during the period. Finally, Schonfeld Strategic Advisors LLC bought a new position in shares of Astronics in the first quarter worth about $907,000. 64.92% of the stock is owned by hedge funds and other institutional investors.

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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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