Astronics Corporation (NASDAQ:ATRO) Given Consensus Recommendation of “Buy” by Analysts

Astronics Corporation (NASDAQ:ATRO) has received an average rating of “Buy” from the six analysts that are currently covering the firm, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating, three have issued a buy rating and two have issued a strong buy rating on the company. The average 1-year price target among brokers that have issued a report on the stock in the last year is $66.6667.

ATRO has been the topic of several research reports. Zacks Research upgraded shares of Astronics from a “hold” rating to a “strong-buy” rating in a report on Tuesday, February 3rd. Craig Hallum reissued a “buy” rating on shares of Astronics in a report on Friday, January 9th. Truist Financial set a $75.00 price target on Astronics in a research note on Friday, January 9th. TD Cowen began coverage on Astronics in a report on Wednesday, November 26th. They issued a “buy” rating for the company. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of Astronics in a report on Wednesday, January 21st.

Astronics Stock Performance

Shares of NASDAQ ATRO opened at $76.58 on Monday. The firm’s 50-day moving average price is $62.96 and its 200-day moving average price is $49.88. Astronics has a 52-week low of $18.28 and a 52-week high of $81.89. The company has a market cap of $2.73 billion, a PE ratio of -850.79 and a beta of 1.09. The company has a quick ratio of 1.56, a current ratio of 2.87 and a debt-to-equity ratio of 3.07.

Hedge Funds Weigh In On Astronics

Several institutional investors have recently made changes to their positions in ATRO. IFP Advisors Inc grew its position in Astronics by 389.6% during the third quarter. IFP Advisors Inc now owns 563 shares of the aerospace company’s stock valued at $26,000 after buying an additional 448 shares during the period. Allworth Financial LP boosted its stake in shares of Astronics by 57.1% during the 4th quarter. Allworth Financial LP now owns 528 shares of the aerospace company’s stock worth $29,000 after acquiring an additional 192 shares during the last quarter. EverSource Wealth Advisors LLC grew its position in shares of Astronics by 147.6% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 894 shares of the aerospace company’s stock valued at $30,000 after acquiring an additional 533 shares during the period. Leonteq Securities AG purchased a new stake in shares of Astronics in the 4th quarter worth $33,000. Finally, Jones Financial Companies Lllp increased its stake in shares of Astronics by 166.7% in the 3rd quarter. Jones Financial Companies Lllp now owns 752 shares of the aerospace company’s stock worth $34,000 after purchasing an additional 470 shares in the last quarter. Institutional investors own 56.68% of the company’s stock.

Astronics Company Profile

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.