Shares of Astronics Co. (NASDAQ:ATRO) have received a consensus rating of “Hold” from the eight analysts that are presently covering the firm, MarketBeat.com reports. Four analysts have rated the stock with a sell rating, one has issued a hold rating and two have given a buy rating to the company. The average 12-month price objective among brokers that have covered the stock in the last year is $36.50.

A number of equities analysts have recently issued reports on ATRO shares. Seaport Global Securities started coverage on shares of Astronics in a report on Wednesday, May 1st. They issued a “buy” rating and a $42.00 price target for the company. Dougherty & Co restated a “buy” rating and set a $40.00 target price (down from $46.00) on shares of Astronics in a report on Tuesday, August 6th. Zacks Investment Research downgraded shares of Astronics from a “hold” rating to a “sell” rating in a report on Tuesday, August 6th. SunTrust Banks dropped their target price on shares of Astronics to $26.00 and set a “sell” rating for the company in a report on Tuesday, August 6th. Finally, ValuEngine downgraded shares of Astronics from a “hold” rating to a “sell” rating in a report on Tuesday, August 6th.

In other Astronics news, VP Mark Peabody sold 2,000 shares of the firm’s stock in a transaction dated Friday, June 7th. The shares were sold at an average price of $43.78, for a total transaction of $87,560.00. Following the completion of the transaction, the vice president now directly owns 18,761 shares in the company, valued at approximately $821,356.58. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders have sold a total of 13,000 shares of company stock valued at $516,870 over the last 90 days. 15.80% of the stock is currently owned by insiders.

A number of large investors have recently bought and sold shares of ATRO. Prudential Financial Inc. purchased a new position in Astronics during the 2nd quarter valued at about $9,726,000. Vanguard Group Inc. boosted its stake in shares of Astronics by 11.5% during the 2nd quarter. Vanguard Group Inc. now owns 1,764,627 shares of the aerospace company’s stock worth $70,973,000 after purchasing an additional 181,711 shares during the last quarter. International Value Advisers LLC boosted its stake in shares of Astronics by 7.7% during the 1st quarter. International Value Advisers LLC now owns 1,601,134 shares of the aerospace company’s stock worth $52,389,000 after purchasing an additional 115,105 shares during the last quarter. Millennium Management LLC boosted its stake in shares of Astronics by 80.8% during the 4th quarter. Millennium Management LLC now owns 249,945 shares of the aerospace company’s stock worth $7,611,000 after purchasing an additional 111,735 shares during the last quarter. Finally, Renaissance Technologies LLC boosted its stake in shares of Astronics by 1,500.0% during the 2nd quarter. Renaissance Technologies LLC now owns 110,400 shares of the aerospace company’s stock worth $4,440,000 after purchasing an additional 103,500 shares during the last quarter. Hedge funds and other institutional investors own 65.12% of the company’s stock.

Shares of ATRO traded down $0.92 during trading hours on Friday, reaching $26.05. The company had a trading volume of 10,804 shares, compared to its average volume of 221,899. The firm has a 50 day moving average of $36.84. The company has a quick ratio of 1.50, a current ratio of 2.44 and a debt-to-equity ratio of 0.25. The stock has a market capitalization of $898.15 million, a P/E ratio of 18.41, a price-to-earnings-growth ratio of 1.92 and a beta of 1.36. Astronics has a 12-month low of $26.11 and a 12-month high of $46.56.

Astronics (NASDAQ:ATRO) last announced its quarterly earnings results on Monday, August 5th. The aerospace company reported $0.19 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.35 by ($0.16). The company had revenue of $189.10 million during the quarter, compared to analysts’ expectations of $188.80 million. Astronics had a net margin of 14.07% and a return on equity of 12.75%. The business’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 earned $0.49 EPS. Equities research analysts predict that Astronics will post 1.43 earnings per share for the current year.

Astronics Company Profile

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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