Astronics Corporation (NASDAQ:ATRO) shares traded 41.78% higher at $14.66 on Wall Street last session.
In accordance with the data, 2 analysts cover Astronics Corporation (NASDAQ:ATRO). The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $16.00 and a low of $8.00, we find $12.00. Given the previous closing price of $10.34, this indicates a potential upside of 16.05 percent. ATRO stock price is now 54.89% away from the 50-day moving average and 47.80% away from the 200-day moving average. The market capitalization of the company currently stands at $399.34M.
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It has been rated a hold by 1 analysts and a buy by 1. Brokers who have rated the stock have averaged $12.00 as their price target over the next twelve months.
With the price target maintained at $19, Colliers Securities recently Upgraded its rating from Neutral to Buy for Astronics Corporation (NASDAQ: ATRO). On December 01, 2020, Truist Upgraded its previous ‘Sell’ rating to ‘Hold’ on the stock increasing its target price from $6 to quote $14, while ‘CJS Securities’ rates the stock as ‘Market Outperform’.
In other news, JOHNSON WARREN C, Director bought 5,700 shares of the company’s stock on Sep 15. The stock was bought for $49,305 at an average price of $8.65. Upon completion of the transaction, the Director now directly owns 28,384 shares in the company, valued at $0.42 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Sep 09, Principal Accounting Officer Hedges Nancy L bought 2,400 shares of the business’s stock. A total of $21,375 was incurred on buying the stock at an average price of $8.91. This leaves the insider owning 11,317 shares of the company worth $0.17 million. Insiders disposed of 326,251 shares of company stock worth roughly $4.78 million over the past 1 year. A total of 0.90% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in ATRO stock. A new stake in Astronics Corporation shares was purchased by TREXQUANT INVESTMENT LP during the first quarter worth $384,000. STIFEL FINANCIAL CORP invested $240,000 in shares of ATRO during the first quarter. In the first quarter, CUBIC ASSET MANAGEMENT, LLC acquired a new stake in Astronics Corporation valued at approximately $222,000. SUSQUEHANNA INTERNATIONAL GROUP, LLP acquired a new stake in ATRO for approximately $163,000. HSBC HOLDINGS PLC purchased a new stake in ATRO valued at around $151,000 in the second quarter. In total, there are 154 active investors with 72.10% ownership of the company’s stock.
Astronics Corporation (NASDAQ: ATRO) opened at $11.75 on Friday. During the past 12 months, Astronics Corporation has had a low of $7.46 and a high of $14.87. As of last week, the company has a debt-to-equity ratio of 0.00, a current ratio of 2.60, and a quick ratio of 1.20. The fifty day moving average price for ATRO is $9.57 and a two-hundred day moving average price translates $9.93 for the stock.
The latest earnings results from Astronics Corporation (NASDAQ: ATRO) was released for Jul, 2022. According to the Aerospace & Defense Company, earnings per share came in at -$0.34, missing analysts’ expectations of -$0.21 by -0.13. This compares to -$0.23 EPS in the same period last year. The net profit margin was -5.60% and return on equity was -10.90% for ATRO. The company reported revenue of $131.44 million for the quarter, compared to $111.84 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 17.52 percent. For the current quarter, analysts expect ATRO to generate $144.74M in revenue.
Investors who held shares on 10/13/2000 were paid a $0.90 dividend.
Astronics Corporation(ATRO) Company Profile
Astronics Corporation, through its subsidiaries, designs and manufactures products for the aerospace, defense, and electronics industries in the United States, rest of North America, Asia, Europe, South America, and internationally. It operates in two segments, Aerospace and Test Systems. The Aerospace segment offers lighting and safety systems, electrical power generation systems, distribution and seat motions systems, aircraft structures, avionics products, system certification, and other products. This segment serves airframe manufacturers (OEM) that build aircraft for the commercial, military, and general aviation markets; suppliers to OEMs; and aircraft operators, such as airlines; suppliers to the aircraft operators; and branches of the U.S. Department of Defense. The Test Systems segment designs, develops, manufactures, and maintains automated test systems that support the aerospace and defense, and communications and mass transit industries; and provides wireless communication testing for the civil land mobile radio market, as well as training and simulation devices for commercial and military applications. It serves OEMs and prime government contractors for electronics and military products. The company was incorporated in 1968 and is headquartered in East Aurora, New York.
