Separately, KeyCorp upgraded Astronics Corp. from a sector weight rating to an overweight rating in a report on Wednesday, June 29th.
Astronics Corp. (NASDAQ:ATRO) opened at 44.23 on Monday. The company has a 50-day moving average price of $43.52 and a 200 day moving average price of $38.36. The firm has a market cap of $1.12 billion, a PE ratio of 17.91 and a beta of 1.14. Astronics Corp. has a 12 month low of $24.75 and a 12 month high of $48.00.
Astronics Corp. (NASDAQ:ATRO) last announced its quarterly earnings results on Wednesday, August 3rd. The company reported $0.57 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.48 by $0.09. Astronics Corp. had a return on equity of 21.44% and a net margin of 9.55%. The firm earned $164.40 million during the quarter, compared to the consensus estimate of $162.17 million. During the same period in the prior year, the firm earned $0.77 EPS. The firm’s quarterly revenue was down 5.0% compared to the same quarter last year. Equities research analysts anticipate that Astronics Corp. will post $2.21 EPS for the current year.
In other news, Director John B. Drenning sold 5,000 shares of the firm’s stock in a transaction dated Monday, August 15th. The stock was sold at an average price of $43.47, for a total transaction of $217,350.00. Following the completion of the sale, the director now directly owns 52,039 shares in the company, valued at $2,262,135.33. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 16.03% of the company’s stock.
Hedge funds have recently made changes to their positions in the stock. Legal & General Group Plc increased its stake in shares of Astronics Corp. by 33.7% in the first quarter. Legal & General Group Plc now owns 3,252 shares of the company’s stock valued at $123,000 after buying an additional 819 shares in the last quarter. Intrust Bank NA acquired a new stake in shares of Astronics Corp. during the second quarter valued at $213,000. Marshall Wace LLP acquired a new stake in shares of Astronics Corp. during the second quarter valued at $216,000. HighTower Advisors LLC increased its stake in shares of Astronics Corp. by 1.3% in the second quarter. HighTower Advisors LLC now owns 7,281 shares of the company’s stock valued at $242,000 after buying an additional 90 shares in the last quarter. Finally, Balter Liquid Alternatives LLC acquired a new stake in shares of Astronics Corp. during the second quarter valued at $248,000. Institutional investors own 65.80% of the company’s stock.
Astronics Corp. 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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