Astronics Corporation (NASDAQ:ATRO)‘s stock had its “buy” rating restated by Canaccord Genuity in a research note issued on Monday. They presently have a $38.00 price target on the stock. Canaccord Genuity’s price target would indicate a potential upside of 15.12% from the company’s previous close.
A number of other analysts also recently weighed in on the company. Zacks Investment Research downgraded Astronics Corporation from a “hold” rating to a “strong sell” rating in a research report on Monday, October 10th. SunTrust Banks, Inc. began coverage on Astronics Corporation in a research report on Thursday, January 19th. They issued a “hold” rating and a $35.00 target price for the company. Finally, TheStreet downgraded Astronics Corporation from a “b-” rating to a “c+” rating in a research report on Friday, January 20th. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of $40.00.
Shares of Astronics Corporation (NASDAQ:ATRO) opened at 33.01 on Monday. The stock’s 50 day moving average is $33.51 and its 200 day moving average is $35.99. Astronics Corporation has a 12 month low of $21.53 and a 12 month high of $41.03. The firm has a market cap of $958.58 million, a P/E ratio of 18.99 and a beta of 1.36.
In other news, VP Mark Peabody sold 1,000 shares of the business’s stock in a transaction that occurred on Monday, December 5th. The stock was sold at an average price of $37.73, for a total transaction of $37,730.00. Following the transaction, the vice president now directly owns 22,318 shares of the company’s stock, valued at $842,058.14. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 16.03% of the stock is currently owned by insiders.
A number of large investors have recently modified their holdings of the company. Bank of Montreal Can boosted its stake in shares of Astronics Corporation by 53.4% in the third quarter. Bank of Montreal Can now owns 2,779 shares of the company’s stock valued at $125,000 after buying an additional 967 shares during the last quarter. Advisors Asset Management Inc. boosted its stake in shares of Astronics Corporation by 12.3% in the third quarter. Advisors Asset Management Inc. now owns 4,228 shares of the company’s stock valued at $190,000 after buying an additional 463 shares during the last quarter. M&T Bank Corp purchased a new stake in shares of Astronics Corporation during the third quarter valued at $225,000. Aperio Group LLC purchased a new stake in shares of Astronics Corporation during the third quarter valued at $271,000. Finally, Intrust Bank NA boosted its stake in shares of Astronics Corporation by 5.2% in the third quarter. Intrust Bank NA now owns 6,721 shares of the company’s stock valued at $303,000 after buying an additional 331 shares during the last quarter. 57.62% of the stock is currently owned by institutional investors.
Astronics Corporation Company Profile
Astronics Corporation is a supplier of products to the aerospace, defense, electronics and semiconductor industries. The Company’s products and services include electrical power generation, distribution and motion systems, lighting and safety systems, avionics products, aircraft structures, systems certification and automated test systems.