Astronics (NASDAQ:ATRO) Sets New 1-Year High at $23.22

Astronics Co. (NASDAQ:ATRO)’s share price hit a new 52-week high on Tuesday . The company traded as high as $23.22 and last traded at $22.95, with a volume of 27395 shares changing hands. The stock had previously closed at $22.26.

Wall Street Analysts Forecast Growth

Separately, Truist Financial raised their price target on shares of Astronics from $19.00 to $20.00 and gave the company a “hold” rating in a report on Wednesday, July 17th.

Astronics Trading Up 5.0 %

The company has a quick ratio of 1.27, a current ratio of 2.59 and a debt-to-equity ratio of 0.61. The firm has a market cap of $814.56 million, a price-to-earnings ratio of -30.81 and a beta of 1.87. The business’s fifty day moving average is $20.20 and its two-hundred day moving average is $18.60.

Astronics (NASDAQ:ATRO) last issued its quarterly earnings results on Thursday, May 2nd. The aerospace company reported ($0.09) earnings per share for the quarter, missing analysts’ consensus estimates of $0.05 by ($0.14). Astronics had a negative net margin of 3.51% and a negative return on equity of 5.93%. The company had revenue of $185.07 million during the quarter, compared to analyst estimates of $172.74 million. During the same period in the prior year, the business earned ($0.14) EPS. Equities analysts anticipate that Astronics Co. will post 0.49 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Astronics

A number of hedge funds and other institutional investors have recently made changes to their positions in ATRO. Public Employees Retirement System of Ohio bought a new stake in Astronics in the 1st quarter valued at $31,000. BKM Wealth Management LLC bought a new stake in Astronics in the 4th quarter valued at $64,000. Psagot Value Holdings Ltd. Israel lifted its position in Astronics by 856.5% in the 4th quarter. Psagot Value Holdings Ltd. Israel now owns 4,352 shares of the aerospace company’s stock valued at $77,000 after acquiring an additional 3,897 shares in the last quarter. Clear Rock Advisors LLC bought a new stake in Astronics in the 4th quarter valued at $204,000. Finally, Hennion & Walsh Asset Management Inc. bought a new stake in Astronics in the 1st quarter valued at $239,000. 56.68% of the stock is owned by institutional investors.

About Astronics

Astronics Corporation, through its subsidiaries, designs and manufactures products for the aerospace, defense, and electronics industries in the United States, rest of North America, Asia, Europe, South America, and internationally. The company operates in two segments, Aerospace and Test Systems. The Aerospace segment offers lighting and safety systems, electrical power generation systems, distribution and seat motions systems, aircraft structures, avionics products, system certification, and other products.