Insider Selling: Mark Peabody Unloads 10,534 Shares of Astronics Stock (ATRO)
Astronics (NASDAQ:ATRO) VP Mark Peabody sold 10,534 shares of Astronics stock in a transaction that occurred on Wednesday, August 13th. The shares were sold at an average price of $63.12, for a total value of $664,906.08. Following the transaction, the vice president now directly owns 37,201 shares of the company’s stock, valued at approximately $2,348,127. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
A number of analysts have recently weighed in on ATRO shares. Analysts at Canaccord Genuity initiated coverage on shares of Astronics in a research note on Thursday, August 7th. They set a “buy” rating and a $72.00 price target on the stock. Analysts at KeyCorp downgraded shares of Astronics from a “buy” rating to a “hold” rating in a research note on Wednesday, July 30th.
Shares of Astronics (NASDAQ:ATRO) traded down 1.16% on Thursday, hitting $63.13. The stock had a trading volume of 146,487 shares. Astronics has a 52-week low of $33.2266 and a 52-week high of $72.99. The stock has a 50-day moving average of $56.65 and a 200-day moving average of $58.57. The company has a market cap of $1.143 billion and a P/E ratio of 34.84.
Astronics (NASDAQ:ATRO) last issued its quarterly earnings data on Wednesday, July 30th. The company reported $0.70 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.52 by $0.18. The company had revenue of $174.60 million for the quarter, compared to the consensus estimate of $157.83 million. During the same quarter last year, the company posted $0.34 earnings per share. Astronics’s revenue was up 146.6% compared to the same quarter last year. Analysts expect that Astronics will post $2.76 EPS 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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