Astronics (NASDAQ:ATRO)‘s stock had its “hold” rating restated by equities research analysts at SunTrust Banks in a research report issued to clients and investors on Friday. They currently have a $48.00 target price on the aerospace company’s stock. SunTrust Banks’ target price would suggest a potential upside of 3.85% from the company’s previous close.

Several other research analysts have also weighed in on the stock. Zacks Investment Research upgraded shares of Astronics from a “hold” rating to a “buy” rating and set a $46.00 target price on the stock in a research report on Tuesday, January 2nd. BidaskClub lowered shares of Astronics from a “strong-buy” rating to a “buy” rating in a research report on Friday, December 29th. Canaccord Genuity restated a “buy” rating and set a $46.00 target price on shares of Astronics in a research report on Tuesday, December 12th. Finally, Dougherty & Co increased their price target on shares of Astronics from $40.00 to $45.00 and gave the company a “buy” rating in a research report on Monday, December 4th. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $46.25.

Shares of Astronics (NASDAQ:ATRO) traded up $2.11 on Friday, reaching $46.22. 137,006 shares of the company’s stock traded hands, compared to its average volume of 156,346. The company has a quick ratio of 1.57, a current ratio of 3.07 and a debt-to-equity ratio of 0.52. Astronics has a one year low of $23.95 and a one year high of $49.45. The firm has a market capitalization of $1,272.36, a price-to-earnings ratio of 39.17, a P/E/G ratio of 2.21 and a beta of 1.10.

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

Astronics announced that its board has approved a stock repurchase plan on Monday, December 18th that allows the company to repurchase $50.00 million in outstanding shares. This repurchase authorization allows the aerospace company to purchase shares of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s board of directors believes its shares are undervalued.

In other news, Director Robert J. Mckenna sold 45,000 shares of the stock in a transaction that occurred 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 transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 16.45% of the stock is owned by corporate insiders.

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Eagle Asset Management raised its stake in Astronics by 214.3% during the third quarter. Eagle Asset Management now owns 88,653 shares of the aerospace company’s stock worth $3,116,000 after purchasing an additional 60,448 shares during the period. Franklin Street Advisors raised its stake in Astronics by 5.1% during the fourth quarter. Franklin Street Advisors now owns 10,269 shares of the aerospace company’s stock worth $418,000 after purchasing an additional 494 shares during the period. Skylands Capital raised its stake in Astronics by 36.3% during the fourth quarter. Skylands Capital now owns 78,198 shares of the aerospace company’s stock worth $3,183,000 after purchasing an additional 20,815 shares during the period. Deroy & Devereaux Private Investment Counsel Inc. purchased a new position in Astronics during the fourth quarter worth approximately $1,333,000. Finally, 1st Global Advisors Inc. raised its stake in Astronics by 21.3% during the fourth quarter. 1st Global Advisors Inc. now owns 6,883 shares of the aerospace company’s stock worth $280,000 after purchasing an additional 1,209 shares during the period. 65.77% of the stock is currently owned by institutional investors and hedge funds.

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Astronics Company Profile

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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