Astronics VP Unloads $664,906 in Stock (ATRO)
Astronics (NASDAQ:ATRO) VP Mark Peabody sold 10,534 shares of the stock in a transaction dated Wednesday, August 13th. The shares were sold at an average price of $63.12, for a total transaction of $664,906.08. Following the sale, the vice president now directly owns 37,201 shares in the company, valued at approximately $2,348,127. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
Shares of Astronics (NASDAQ:ATRO) opened at 61.85 on Monday. Astronics has a 52 week low of $33.5949 and a 52 week high of $72.99. The stock’s 50-day moving average is $56.83 and its 200-day moving average is $58.62. The company has a market cap of $1.120 billion and a P/E ratio of 34.12.
Astronics (NASDAQ:ATRO) last posted its quarterly earnings results on Wednesday, July 30th. The company reported $0.70 EPS for the quarter, beating the Thomson Reuters 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 in the prior year, the company posted $0.34 earnings per share. The company’s quarterly revenue was up 146.6% on a year-over-year basis. On average, analysts predict that Astronics will post $2.76 EPS for the current fiscal year.
Several analysts have recently commented on the stock. 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.
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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