BidaskClub downgraded shares of Astronics (NASDAQ:ATRO) from a buy rating to a hold rating in a report published on Thursday morning.

Other research analysts have also recently issued research reports about the stock. Zacks Investment Research upgraded shares of Astronics from a sell rating to a hold rating in a research note on Tuesday, July 24th. Canaccord Genuity restated a hold rating and set a $41.00 target price on shares of Astronics in a research note on Friday, August 3rd. Finally, ValuEngine upgraded shares of Astronics from a hold rating to a buy rating in a research note on Thursday, July 19th. Four analysts have rated the stock with a hold rating and two have given a buy rating to the company. The stock currently has a consensus rating of Hold and an average price target of $42.75.

Shares of Astronics stock opened at $43.42 on Thursday. The firm has a market cap of $1.21 billion, a PE ratio of 43.37, a price-to-earnings-growth ratio of 2.69 and a beta of 1.93. Astronics has a 1-year low of $28.12 and a 1-year high of $49.45. The company has a debt-to-equity ratio of 0.75, a quick ratio of 1.68 and a current ratio of 3.05.

Astronics (NASDAQ:ATRO) last issued its quarterly earnings results on Friday, August 3rd. The aerospace company reported $0.49 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.40 by $0.09. The business had revenue of $208.60 million for the quarter, compared to analysts’ expectations of $195.91 million. Astronics had a net margin of 2.50% and a return on equity of 10.28%. The company’s revenue was up 38.1% compared to the same quarter last year. During the same quarter last year, the company posted $0.26 EPS. equities analysts expect that Astronics will post 1.6 EPS for the current fiscal year.

In related news, CEO Peter J. Gundermann sold 47,322 shares of Astronics stock in a transaction on Friday, August 3rd. The shares were sold at an average price of $45.00, for a total transaction of $2,129,490.00. Following the transaction, the chief executive officer now owns 54,743 shares in the company, valued at approximately $2,463,435. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider James S. Kramer sold 11,800 shares of Astronics stock in a transaction on Wednesday, August 22nd. The shares were sold at an average price of $46.02, for a total transaction of $543,036.00. Following the transaction, the insider now owns 42,003 shares in the company, valued at approximately $1,932,978.06. The disclosure for this sale can be found here. 16.57% of the stock is currently owned by insiders.

Several institutional investors and hedge funds have recently added to or reduced their stakes in ATRO. SG Americas Securities LLC lifted its stake in shares of Astronics by 6.8% during the 1st quarter. SG Americas Securities LLC now owns 26,681 shares of the aerospace company’s stock valued at $995,000 after buying an additional 1,691 shares in the last quarter. Swiss National Bank increased its holdings in Astronics by 4.1% in the 1st quarter. Swiss National Bank now owns 37,700 shares of the aerospace company’s stock valued at $1,406,000 after acquiring an additional 1,500 shares during the last quarter. Schwab Charles Investment Management Inc. increased its holdings in Astronics by 3.1% in the 1st quarter. Schwab Charles Investment Management Inc. now owns 106,069 shares of the aerospace company’s stock valued at $3,957,000 after acquiring an additional 3,188 shares during the last quarter. Aperio Group LLC increased its holdings in Astronics by 21.2% in the 1st quarter. Aperio Group LLC now owns 8,263 shares of the aerospace company’s stock valued at $308,000 after acquiring an additional 1,444 shares during the last quarter. Finally, BlackRock Inc. increased its holdings in Astronics by 4.7% in the 1st quarter. BlackRock Inc. now owns 2,463,572 shares of the aerospace company’s stock valued at $91,891,000 after acquiring an additional 111,431 shares during the last quarter. Institutional investors own 71.14% of the company’s stock.

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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