Astronics Co. (NASDAQ:ATRO) CEO Peter J. Gundermann sold 2,000 shares of the firm’s stock in a transaction on Friday, February 9th. The stock was sold at an average price of $38.99, for a total value of $77,980.00. Following the completion of the sale, the chief executive officer now directly owns 29,595 shares of the company’s stock, valued at $1,153,909.05. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.
Shares of Astronics Co. (NASDAQ ATRO) traded up $0.70 during trading hours on Tuesday, hitting $40.42. The company had a trading volume of 92,534 shares, compared to its average volume of 128,145. The company has a quick ratio of 1.57, a current ratio of 3.07 and a debt-to-equity ratio of 0.52. The firm has a market cap of $1,170.00, a P/E ratio of 34.25, a price-to-earnings-growth ratio of 1.96 and a beta of 1.58. Astronics Co. has a 1 year low of $23.95 and a 1 year high of $49.45.
Astronics announced that its Board of Directors has initiated a share repurchase program on Monday, December 18th that allows the company to buyback $50.00 million in shares. This buyback authorization allows the aerospace company to purchase shares of its stock through open market purchases. Shares buyback programs are generally a sign that the company’s management believes its shares are undervalued.
A number of analysts have issued reports on ATRO shares. Zacks Investment Research raised Astronics from a “hold” rating to a “buy” rating and set a $46.00 target price for the company in a research note on Tuesday, January 2nd. Canaccord Genuity reaffirmed a “buy” rating and issued a $40.00 target price on shares of Astronics in a research note on Tuesday, November 7th. BidaskClub raised Astronics from a “buy” rating to a “strong-buy” rating in a research report on Friday, December 22nd. Dougherty & Co raised their price objective on Astronics from $40.00 to $45.00 and gave the stock a “buy” rating in a research report on Monday, December 4th. Finally, SunTrust Banks reissued a “hold” rating and set a $44.00 price objective on shares of Astronics in a research report on Tuesday, January 9th. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $46.25.
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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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