Shares of Astronics Co. (NASDAQ:ATRO) have been assigned a consensus recommendation of “Hold” from the six brokerages that are presently covering the firm, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating on the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is $44.67.
ATRO has been the topic of several recent research reports. BidaskClub cut Astronics from a “buy” rating to a “hold” rating in a research report on Thursday, February 8th. Zacks Investment Research cut Astronics from a “hold” rating to a “sell” rating in a research report on Thursday, March 1st. Canaccord Genuity reaffirmed a “buy” rating and set a $46.00 target price on shares of Astronics in a research report on Tuesday, December 12th. SunTrust Banks reaffirmed a “hold” rating and set a $48.00 target price on shares of Astronics in a research report on Friday, January 19th. Finally, Dougherty & Co increased their target price on Astronics from $40.00 to $45.00 and gave the company a “buy” rating in a research report on Monday, December 4th.
In other Astronics news, CEO Peter J. Gundermann sold 2,000 shares of the stock in a transaction on Friday, February 2nd. The stock was sold at an average price of $43.48, for a total transaction of $86,960.00. Following the sale, the chief executive officer now owns 31,595 shares of the company’s stock, valued at approximately $1,373,750.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders have sold a total of 12,000 shares of company stock worth $495,540 in the last ninety days. Insiders own 16.45% of the company’s stock.
Astronics (ATRO) opened at $40.58 on Tuesday. Astronics has a 52 week low of $23.95 and a 52 week high of $49.45. The stock has a market capitalization of $1,140.00, a P/E ratio of 57.97, a P/E/G ratio of 2.34 and a beta of 1.66. The company has a quick ratio of 1.60, a current ratio of 3.06 and a debt-to-equity ratio of 0.82.
Astronics (NASDAQ:ATRO) last announced its quarterly earnings data on Monday, February 26th. The aerospace company reported $0.41 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.44 by ($0.03). The firm had revenue of $171.32 million during the quarter, compared to the consensus estimate of $179.33 million. Astronics had a return on equity of 10.82% and a net margin of 3.15%. analysts expect that Astronics will post 1.75 EPS for the current year.
Astronics announced that its Board of Directors has initiated a stock repurchase plan on Monday, December 18th that authorizes the company to buyback $50.00 million in outstanding shares. This buyback authorization authorizes the aerospace company to reacquire shares of its stock through open market purchases. Shares buyback plans are often a sign that the company’s management believes its shares are undervalued.
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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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