A number of other equities analysts have also commented on the stock. 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 on the stock. Zacks Investment Research lowered shares of Astronics from a hold rating to a sell rating in a report on Tuesday, March 12th. Finally, ValuEngine raised shares of Astronics from a hold rating to a buy rating in a report on Wednesday, May 8th. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The stock has a consensus rating of Buy and an average price target of $41.67.
Shares of NASDAQ:ATRO opened at $39.33 on Friday. The firm has a market capitalization of $1.28 billion, a PE ratio of 27.89, a P/E/G ratio of 2.43 and a beta of 1.79. Astronics has a one year low of $27.56 and a one year high of $46.56. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.84 and a current ratio of 2.92.
Several institutional investors have recently made changes to their positions in ATRO. Renaissance Technologies LLC boosted its stake in shares of Astronics by 44.9% in the 3rd quarter. Renaissance Technologies LLC now owns 26,800 shares of the aerospace company’s stock valued at $1,166,000 after purchasing an additional 8,300 shares in the last quarter. Jane Street Group LLC purchased a new stake in shares of Astronics in the 3rd quarter valued at $230,000. MetLife Investment Advisors LLC boosted its stake in shares of Astronics by 54.9% in the 3rd quarter. MetLife Investment Advisors LLC now owns 16,080 shares of the aerospace company’s stock valued at $699,000 after purchasing an additional 5,698 shares in the last quarter. Morgan Stanley boosted its stake in shares of Astronics by 12.6% in the 3rd quarter. Morgan Stanley now owns 52,478 shares of the aerospace company’s stock valued at $2,283,000 after purchasing an additional 5,869 shares in the last quarter. Finally, Vanguard Group Inc. boosted its stake in shares of Astronics by 2.6% in the 3rd quarter. Vanguard Group Inc. now owns 1,187,299 shares of the aerospace company’s stock valued at $51,648,000 after purchasing an additional 30,545 shares in the last quarter. 67.07% of the stock is owned by institutional investors.
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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