Astronics Corporation (NASDAQ:ATRO) Receives Consensus Recommendation of "Moderate Buy" from Analysts

Astronics Corporation (NASDAQ:ATRO) has received a consensus "Moderate Buy" recommendation from five analysts, with a 1-year price target averaging $59.00. Analysts have varied ratings, including one sell, three buy, and one strong buy. Recent coverage by Cowen and Craig Hallum suggests a buy rating, while Zacks Research upgraded to strong-buy. The stock opened at $51.07, with a market cap of $1.82 billion. Insider James Mulato sold shares, and institutional investors have adjusted their positions in Astronics.

Astronics Corporation (NASDAQ:ATRO - Get Free Report) has been assigned an average recommendation of "Moderate Buy" from the five analysts that are covering the stock, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating, three have given a buy rating and one has assigned a strong buy rating to the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is $59.00.

Let the Good Times Roll: 2 Stocks Showing No Signs of Slowing

A number of equities research analysts recently weighed in on ATRO shares. Cowen assumed coverage on shares of Astronics in a report on Wednesday. They set a "buy" rating for the company. Craig Hallum initiated coverage on Astronics in a research note on Friday, October 10th. They issued a "buy" rating and a $60.00 price objective on the stock. Weiss Ratings restated a "sell (d-)" rating on shares of Astronics in a report on Wednesday, October 8th. Truist Financial increased their price target on Astronics from $49.00 to $58.00 and gave the stock a "buy" rating in a research report on Wednesday, October 15th. Finally, Zacks Research raised shares of Astronics from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, November 4th.

View Our Latest Analysis on ATRO

Astronics Stock Up 1.2%

Astronics Corporation: Up 100% YTD in May and Heading Higher

Shares of NASDAQ:ATRO opened at $51.07 on Wednesday. The company has a debt-to-equity ratio of 0.59, a current ratio of 3.04 and a quick ratio of 1.63. The business has a 50 day simple moving average of $47.33 and a two-hundred day simple moving average of $38.75. Astronics has a 1 year low of $14.13 and a 1 year high of $53.42. The firm has a market capitalization of $1.82 billion, a PE ratio of -425.55 and a beta of 1.63.

Astronics (NASDAQ:ATRO - Get Free Report) last posted its quarterly earnings data on Tuesday, November 4th. The aerospace company reported $0.49 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.42 by $0.07. The company had revenue of $211.45 million during the quarter, compared to analysts' expectations of $210.80 million. Astronics had a positive return on equity of 22.89% and a negative net margin of 0.45%. Astronics has set its FY 2025 guidance at EPS. On average, equities analysts predict that Astronics will post 0.82 EPS for the current year.

Insider Transactions at Astronics

5 Small-Cap Stocks to Watch for Big Speculative Gains

In related news, insider James Mulato sold 1,129 shares of the business's stock in a transaction that occurred on Friday, September 5th. The shares were sold at an average price of $38.16, for a total value of $43,082.64. Following the completion of the transaction, the insider owned 1,066 shares of the company's stock, valued at $40,678.56. The trade was a 51.44% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 9.39% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. EverSource Wealth Advisors LLC boosted its position in Astronics by 147.6% during the second quarter. EverSource Wealth Advisors LLC now owns 894 shares of the aerospace company's stock valued at $30,000 after purchasing an additional 533 shares in the last quarter. Jones Financial Companies Lllp raised its stake in shares of Astronics by 166.7% during the 3rd quarter. Jones Financial Companies Lllp now owns 752 shares of the aerospace company's stock worth $34,000 after acquiring an additional 470 shares in the last quarter. US Bancorp DE lifted its position in Astronics by 41.0% during the third quarter. US Bancorp DE now owns 966 shares of the aerospace company's stock valued at $44,000 after acquiring an additional 281 shares during the last quarter. Covestor Ltd boosted its stake in Astronics by 25.4% in the third quarter. Covestor Ltd now owns 1,068 shares of the aerospace company's stock valued at $49,000 after acquiring an additional 216 shares in the last quarter. Finally, Hazlett Burt & Watson Inc. grew its holdings in Astronics by 250.0% in the third quarter. Hazlett Burt & Watson Inc. now owns 1,225 shares of the aerospace company's stock worth $56,000 after purchasing an additional 875 shares during the last quarter. 56.68% of the stock is owned by institutional investors.

About Astronics

(Get Free Report)

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.

Should You Invest $1,000 in Astronics Right Now?

Before you consider Astronics, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Astronics wasn't on the list.

While Astronics currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here