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

Shares of Astronics Corporation (NASDAQ:ATRO) have been assigned a consensus recommendation of “Buy” from the six analysts that are presently covering the stock, MarketBeat.com reports. Two research analysts have rated the stock with a hold recommendation, two have given a buy recommendation and two have given a strong buy recommendation to the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is $89.58.

A number of equities research analysts have recently commented on ATRO shares. Zacks Research cut shares of Astronics from a “strong-buy” rating to a “hold” rating in a report on Monday, September 7th. Wall Street Zen raised Astronics from a “buy” rating to a “strong-buy” rating in a report on Sunday, August 16th. Weiss Ratings lowered Astronics from a “buy (b-)” rating to a “hold (c+)” rating in a report on Thursday, October 8th. Finally, TD Cowen restated a “buy” rating and issued a $90.00 price target (down from $100.00) on shares of Astronics in a research report on Friday, October 9th.

Astronics Stock Performance

NASDAQ:ATRO traded down $0.04 during mid-day trading on Friday, reaching $61.53. 511,401 shares of the stock were exchanged, compared to its average volume of 570,078. The company has a 50 day simple moving average of $72.56 and a 200-day simple moving average of $70.25. The stock has a market capitalization of $2.65 billion, a P/E ratio of 36.19 and a beta of 1.25. 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 1 year low of $34.58 and a 1 year high of $94.46.

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

Institutional Inflows and Outflows

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

Astronics Company Profile

Astronics Corporation is a diversified aerospace and defense technology company headquartered in East Aurora, New York. Founded in 1968, the company develops and manufactures advanced systems and components used in commercial aircraft, business and general aviation aircraft, military platforms, spacecraft, and other specialized applications.

Astronics’ products include aircraft electrical power and distribution systems, cockpit and avionics equipment, cabin electronics, lighting systems, in-flight connectivity solutions, and aircraft structures.