Astronics (NASDAQ:ATRO) Reaches New 12-Month Low at $26.52

Shares of Astronics Co. (NASDAQ:ATRO) hit a new 52-week low on Monday . The company traded as low as $26.52 and last traded at $26.52, with a volume of 5265 shares changing hands. The stock had previously closed at $27.51.

A number of research analysts have recently weighed in on ATRO shares. Seaport Global Securities started coverage on Astronics in a research report on Wednesday, May 1st. They issued a “buy” rating and a $42.00 price target for the company. ValuEngine cut Astronics from a “hold” rating to a “sell” rating in a research report on Tuesday, August 6th. Dougherty & Co restated a “buy” rating and issued a $40.00 price target (down previously from $46.00) on shares of Astronics in a research report on Tuesday, August 6th. SunTrust Banks dropped their price target on Astronics to $26.00 and set a “sell” rating for the company in a research report on Tuesday, August 6th. Finally, BidaskClub cut Astronics from a “sell” rating to a “strong sell” rating in a research report on Thursday. Four equities research analysts have rated the stock with a sell rating, one has given a hold rating and two have given a buy rating to the company’s stock. Astronics has a consensus rating of “Hold” and an average price target of $38.20.

The stock has a market cap of $926.22 million, a price-to-earnings ratio of 18.54, a PEG ratio of 1.98 and a beta of 1.36. The company’s 50-day simple moving average is $37.11. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.50 and a current ratio of 2.44.

Astronics (NASDAQ:ATRO) last posted its quarterly earnings data on Monday, August 5th. The aerospace company reported $0.19 EPS for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.16). The company had revenue of $189.10 million for the quarter, compared to analysts’ expectations of $188.80 million. Astronics had a return on equity of 12.75% and a net margin of 14.07%. The company’s revenue for the quarter was down 9.3% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.49 EPS. On average, analysts predict that Astronics Co. will post 1.43 earnings per share for the current year.

In related news, VP Mark Peabody sold 3,000 shares of Astronics stock in a transaction dated Friday, July 5th. The stock was sold at an average price of $40.43, for a total transaction of $121,290.00. Following the completion of the sale, the vice president now owns 13,761 shares in the company, valued at approximately $556,357.23. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In the last quarter, insiders have sold 13,000 shares of company stock valued at $516,870. 15.80% of the stock is currently owned by company insiders.

A number of institutional investors have recently bought and sold shares of the stock. Federated Investors Inc. PA grew its holdings in Astronics by 14.6% in the 1st quarter. Federated Investors Inc. PA now owns 635,859 shares of the aerospace company’s stock valued at $20,805,000 after buying an additional 81,109 shares during the period. New York State Teachers Retirement System purchased a new stake in Astronics in the 2nd quarter valued at about $76,000. Bessemer Group Inc. purchased a new stake in Astronics in the 2nd quarter valued at about $402,000. Jackson Wealth Management LLC purchased a new stake in Astronics in the 1st quarter valued at about $327,000. Finally, Virginia Retirement Systems ET AL grew its holdings in Astronics by 6.8% in the 1st quarter. Virginia Retirement Systems ET AL now owns 23,500 shares of the aerospace company’s stock valued at $769,000 after buying an additional 1,500 shares during the period. Hedge funds and other institutional investors own 65.18% of the company’s stock.

Astronics Company Profile (NASDAQ:ATRO)

Astronics Corporation, through its subsidiaries, designs and manufactures products for the aerospace, defense, electronics, and semiconductor industries worldwide. It operates in two segments, Aerospace and Test Systems. The Aerospace segment offers lighting and safety systems; electrical power generation, distribution, and motions systems; aircraft structures; avionics products; system certification; and connectivity and other products.

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