Astronics CFO Sells $203,264 in Stock (ATRO)
Astronics (NASDAQ:ATRO) CFO David C. Burney sold 3,200 shares of the stock on the open market in a transaction dated Tuesday, August 26th. The shares were sold at an average price of $63.52, for a total value of $203,264.00. Following the transaction, the chief financial officer now directly owns 43,082 shares of the company’s stock, valued at approximately $2,736,569. The sale was disclosed in a filing with the SEC, which is available at this link.
Astronics (NASDAQ:ATRO) traded down 1.03% during mid-day trading on Wednesday, hitting $63.62. 87,883 shares of the company’s stock traded hands. Astronics has a 1-year low of $36.253 and a 1-year high of $72.99. The stock has a 50-day moving average of $57.64 and a 200-day moving average of $58.86. The company has a market cap of $1.152 billion and a P/E ratio of 35.07.
Astronics (NASDAQ:ATRO) last announced its earnings results on Wednesday, July 30th. The company reported $0.70 earnings per share (EPS) for the quarter, beating the 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 previous year, the company posted $0.34 earnings per share. The company’s revenue for the quarter was up 146.6% on a year-over-year basis. On average, analysts predict that Astronics will post $2.76 earnings per share 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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