Astronics VP Unloads $252,458 in Stock (ATRO)
Astronics (NASDAQ:ATRO) VP Mark Peabody unloaded 4,105 shares of the stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of $61.50, for a total transaction of $252,457.50. Following the completion of the transaction, the vice president now directly owns 23,738 shares of the company’s stock, valued at approximately $1,459,887. The transaction was disclosed in a filing with the SEC, which is available at this link.
A number of research firms have recently commented on ATRO. Analysts at Thomson Reuters/Verus downgraded shares of Astronics from a “buy” rating to a “hold” rating in a research note on Monday. Separately, analysts at Dougherty & Co raised their price target on shares of Astronics from $65.00 to $84.00 in a research note on Friday, February 14th. They now have a “buy” rating on the stock. Finally, analysts at Zacks downgraded shares of Astronics from an “outperform” rating to a “neutral” rating in a research note on Thursday, February 13th. They now have a $68.30 price target on the stock. Two analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $64.33.
Shares of Astronics (NASDAQ:ATRO) traded up 0.25% during mid-day trading on Monday, hitting $63.66. 106,469 shares of the company’s stock traded hands. Astronics has a one year low of $19.8078 and a one year high of $66.42. The stock has a 50-day moving average of $59.16 and a 200-day moving average of $48.00. The company has a market cap of $1.130 billion and a P/E ratio of 42.62.
Astronics (NASDAQ:ATRO) last issued its quarterly earnings data on Wednesday, February 19th. The company reported $0.34 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.44 by $0.10. The company had revenue of $105.50 million for the quarter, compared to the consensus estimate of $106.16 million. During the same quarter in the previous year, the company posted $0.37 earnings per share. The company’s revenue for the quarter was up 56.5% on a year-over-year basis. On average, analysts predict that Astronics will post $2.63 earnings per share for the current fiscal year.
Astronics Corporation is a supplier of products to the aerospace and defense industries. The Company’s products include lighting systems, electrical power generation systems, aircraft safety systems, electrical power distribution systems and avionics databus products for the global aerospace industry, as well as test, training and simulation systems for the military.
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