Astronics Co. (NASDAQ:ATRO) has been given a consensus rating of “Hold” by the six analysts that are presently covering the firm, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation, two have issued a hold recommendation and two have issued a buy recommendation on the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is $38.33.

Several research analysts have recently weighed in on ATRO shares. Canaccord Genuity reiterated a “buy” rating and issued a $34.00 price target on shares of Astronics in a report on Wednesday, August 16th. Zacks Investment Research upgraded shares of Astronics from a “strong sell” rating to a “hold” rating in a report on Tuesday, October 17th. Dougherty & Co upped their price target on shares of Astronics from $35.00 to $40.00 and gave the company a “buy” rating in a report on Wednesday, November 8th. Finally, SunTrust Banks reiterated a “hold” rating and issued a $35.00 price target on shares of Astronics in a report on Friday, November 10th.

Astronics (NASDAQ ATRO) opened at $41.00 on Friday. The stock has a market cap of $1,161.76, a P/E ratio of 35.16, a P/E/G ratio of 2.15 and a beta of 1.08. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.57 and a current ratio of 3.07. Astronics has a 1-year low of $23.95 and a 1-year high of $41.87.

Astronics (NASDAQ:ATRO) last issued its quarterly earnings data on Tuesday, November 7th. The aerospace company reported $0.21 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.35 by ($0.14). The firm had revenue of $149.64 million for the quarter, compared to analyst estimates of $154.90 million. Astronics had a net margin of 5.80% and a return on equity of 10.29%. The firm’s revenue for the quarter was down 3.5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.41 EPS. equities analysts forecast that Astronics will post 1.29 EPS for the current year.

In other news, Director Robert J. Mckenna sold 45,000 shares of the business’s stock in a transaction on Tuesday, November 21st. The shares were sold at an average price of $39.00, for a total value of $1,755,000.00. The sale was disclosed in a document filed with the SEC, which is accessible through this link. 16.45% of the stock is owned by corporate insiders.

Several hedge funds have recently made changes to their positions in ATRO. JPMorgan Chase & Co. lifted its position in shares of Astronics by 37.9% in the first quarter. JPMorgan Chase & Co. now owns 7,534 shares of the aerospace company’s stock worth $239,000 after purchasing an additional 2,069 shares in the last quarter. Teachers Advisors LLC lifted its position in shares of Astronics by 2.0% in the first quarter. Teachers Advisors LLC now owns 37,532 shares of the aerospace company’s stock worth $1,191,000 after purchasing an additional 732 shares in the last quarter. Legal & General Group Plc lifted its position in shares of Astronics by 12.0% in the first quarter. Legal & General Group Plc now owns 5,084 shares of the aerospace company’s stock worth $161,000 after purchasing an additional 543 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Astronics by 7.3% in the first quarter. Dimensional Fund Advisors LP now owns 686,882 shares of the aerospace company’s stock worth $21,795,000 after purchasing an additional 47,004 shares in the last quarter. Finally, Morgan Stanley lifted its position in shares of Astronics by 21.2% in the first quarter. Morgan Stanley now owns 85,286 shares of the aerospace company’s stock worth $2,707,000 after purchasing an additional 14,892 shares in the last quarter. 65.72% of the stock is currently owned by institutional investors and hedge funds.

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About Astronics

Astronics Corporation is a supplier of products to the aerospace, defense, electronics and semiconductor industries. The Company’s products and services include electrical power generation, distribution and motion systems, lighting and safety systems, avionics products, aircraft structures, systems certification and automated test systems.

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