BidaskClub upgraded shares of Astronics (NASDAQ:ATRO) from a hold rating to a buy rating in a research note issued to investors on Thursday.

Other equities research analysts have also recently issued reports about the stock. ValuEngine raised shares of Astronics from a hold rating to a buy rating in a report on Thursday, July 19th. Zacks Investment Research raised shares of Astronics from a sell rating to a hold rating in a report on Wednesday. Finally, Canaccord Genuity reissued a hold rating and issued a $41.00 price target on shares of Astronics in a report on Friday, August 3rd. Three analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Astronics has an average rating of Buy and a consensus target price of $42.75.

Shares of ATRO stock traded up $0.35 on Thursday, reaching $44.94. The stock had a trading volume of 194,780 shares, compared to its average volume of 103,758. The company has a debt-to-equity ratio of 0.75, a quick ratio of 1.55 and a current ratio of 3.05. The stock has a market cap of $1.25 billion, a price-to-earnings ratio of 45.04, a PEG ratio of 2.80 and a beta of 1.72. Astronics has a 12 month low of $25.45 and a 12 month high of $49.45.

Astronics (NASDAQ:ATRO) last issued its earnings results on Friday, August 3rd. The aerospace company reported $0.49 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.40 by $0.09. The company 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%. Astronics’s quarterly revenue was up 38.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.26 EPS. sell-side analysts predict that Astronics will post 1.6 EPS for the current fiscal year.

In other Astronics news, CEO Peter J. Gundermann sold 47,322 shares of the stock in a transaction dated Friday, August 3rd. The shares were sold at an average price of $45.00, for a total value of $2,129,490.00. Following the transaction, the chief executive officer now directly owns 54,743 shares of the company’s stock, valued at approximately $2,463,435. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 16.57% of the stock is owned by corporate insiders.

Institutional investors have recently added to or reduced their stakes in the business. Bank of Montreal Can bought a new position in Astronics in the 2nd quarter valued at about $105,000. Aperio Group LLC grew its position in shares of Astronics by 21.2% during the 1st quarter. Aperio Group LLC now owns 8,263 shares of the aerospace company’s stock worth $308,000 after purchasing an additional 1,444 shares in the last quarter. DDD Partners LLC acquired a new position in shares of Astronics during the 2nd quarter worth approximately $324,000. Mesirow Financial Investment Management Inc. grew its position in shares of Astronics by 21.0% during the 2nd quarter. Mesirow Financial Investment Management Inc. now owns 9,783 shares of the aerospace company’s stock worth $352,000 after purchasing an additional 1,699 shares in the last quarter. Finally, Pinnacle Associates Ltd. acquired a new position in shares of Astronics during the 1st quarter worth approximately $367,000. 69.56% of the stock is currently owned by hedge funds and other institutional investors.

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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