Astronics (NASDAQ:ATRO) Reaches New 12-Month High – Still a Buy?

Astronics Corporation (NASDAQ:ATROGet Free Report) reached a new 52-week high during trading on Wednesday . The company traded as high as $86.96 and last traded at $85.80, with a volume of 36130 shares trading hands. The stock had previously closed at $84.44.

Analysts Set New Price Targets

A number of equities research analysts recently commented on ATRO shares. TD Cowen increased their price target on Astronics from $85.00 to $100.00 and gave the company a “buy” rating in a research report on Thursday. Wall Street Zen raised Astronics from a “buy” rating to a “strong-buy” rating in a research report on Saturday, February 28th. Weiss Ratings reissued a “sell (d-)” rating on shares of Astronics in a research report on Monday, April 20th. Truist Financial raised Astronics to a “strong-buy” rating in a research report on Monday, May 4th. Finally, Zacks Research lowered Astronics from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, May 13th. Two investment analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $89.00.

View Our Latest Analysis on Astronics

Astronics Trading Up 3.7%

The firm has a fifty day moving average of $74.28 and a two-hundred day moving average of $68.04. The company has a market cap of $3.16 billion, a PE ratio of 74.72 and a beta of 1.10. The company has a current ratio of 2.97, a quick ratio of 1.63 and a debt-to-equity ratio of 2.07.

Astronics (NASDAQ:ATROGet Free Report) last announced its quarterly earnings data on Tuesday, May 12th. The aerospace company reported $0.59 earnings per share for the quarter, topping the consensus estimate of $0.55 by $0.04. Astronics had a return on equity of 49.34% and a net margin of 5.12%.The company had revenue of $230.62 million during the quarter, compared to analyst estimates of $225.52 million. During the same quarter last year, the firm posted $0.44 EPS. The firm’s revenue for the quarter was up 12.0% on a year-over-year basis. As a group, sell-side analysts predict that Astronics Corporation will post 2.68 EPS for the current year.

Institutional Trading of Astronics

A number of large investors have recently modified their holdings of the business. Capital International Investors purchased a new position in Astronics during the 3rd quarter worth $64,173,000. Vanguard Group Inc. increased its holdings in Astronics by 5.8% during the 3rd quarter. Vanguard Group Inc. now owns 1,936,166 shares of the aerospace company’s stock worth $88,309,000 after purchasing an additional 105,311 shares during the period. Principal Financial Group Inc. purchased a new position in Astronics during the 3rd quarter worth $2,204,000. Y Intercept Hong Kong Ltd increased its holdings in Astronics by 74.9% during the 3rd quarter. Y Intercept Hong Kong Ltd now owns 33,061 shares of the aerospace company’s stock worth $1,508,000 after purchasing an additional 14,160 shares during the period. Finally, First Eagle Investment Management LLC increased its holdings in Astronics by 6.3% during the 3rd quarter. First Eagle Investment Management LLC now owns 236,326 shares of the aerospace company’s stock worth $10,779,000 after purchasing an additional 14,000 shares during the period. Institutional investors own 56.68% of the company’s stock.

Astronics Company Profile

(Get Free Report)

Astronics Corporation (NASDAQ: ATRO) is a global leader in the design and manufacture of advanced technologies primarily for the aerospace, defense and semiconductor industries. Headquartered in East Aurora, New York, the company was founded in 1968 and has grown through a combination of internal development and strategic acquisitions. Astronics operates multiple business units focused on power conversion, distribution and control; cabin electronics and connectivity; aircraft lighting and safety solutions; and automated test systems.

The company’s aerospace products include onboard power generation and management systems, in-flight entertainment and connectivity hardware, LED and fluorescent lighting for aircraft cabins and cockpits, and safety equipment such as escape slide power units.

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