Astronics Co. (NASDAQ:ATRO) CEO Peter J. Gundermann sold 2,000 shares of the firm’s stock in a transaction dated Friday, April 13th. The stock was sold at an average price of $36.42, for a total transaction of $72,840.00. Following the completion of the transaction, the chief executive officer now directly owns 11,595 shares in the company, valued at approximately $422,289.90. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.
NASDAQ ATRO opened at $38.98 on Friday. The company has a current ratio of 3.06, a quick ratio of 1.60 and a debt-to-equity ratio of 0.82. The stock has a market cap of $1,104.64, a price-to-earnings ratio of 31.24, a price-to-earnings-growth ratio of 2.25 and a beta of 1.56. Astronics Co. has a one year low of $23.95 and a one year high of $49.45.
Astronics (NASDAQ:ATRO) last posted its earnings results on Monday, February 26th. The aerospace company reported $0.41 EPS for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.03). The business had revenue of $171.32 million for the quarter, compared to analysts’ expectations of $179.33 million. Astronics had a net margin of 3.15% and a return on equity of 10.82%. equities research analysts expect that Astronics Co. will post 1.75 EPS for the current year.
Several research firms recently commented on ATRO. Zacks Investment Research downgraded shares of Astronics from a “buy” rating to a “hold” rating in a research note on Tuesday, February 6th. SunTrust Banks reissued a “hold” rating and set a $48.00 target price on shares of Astronics in a research report on Friday, January 19th. BidaskClub downgraded shares of Astronics from a “buy” rating to a “hold” rating in a research report on Thursday, February 8th. Finally, Canaccord Genuity reissued a “buy” rating and set a $50.00 target price (up previously from $48.00) on shares of Astronics in a research report on Tuesday, February 27th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the company. Astronics presently has an average rating of “Hold” and a consensus price target of $45.00.
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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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