Astronics (NASDAQ:ATRO) Share Price Passes Above Two Hundred Day Moving Average of $16.87

Astronics Co. (NASDAQ:ATRO)’s stock price crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $16.87 and traded as high as $16.98. Astronics shares last traded at $16.46, with a volume of 97,734 shares.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on ATRO shares. Truist Financial increased their price objective on shares of Astronics from $18.00 to $21.00 and gave the stock a “hold” rating in a research report on Friday, March 1st. StockNews.com raised shares of Astronics from a “hold” rating to a “buy” rating in a research report on Thursday, February 29th.

Astronics Price Performance

The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.38 and a current ratio of 2.72. The stock has a market cap of $568.20 million, a PE ratio of -20.07 and a beta of 1.62. The stock’s 50-day moving average is $18.09 and its two-hundred day moving average is $16.87.

Astronics (NASDAQ:ATRO) last issued its quarterly earnings results on Wednesday, February 28th. The aerospace company reported $0.20 EPS for the quarter, beating the consensus estimate of $0.12 by $0.08. Astronics had a negative net margin of 3.83% and a negative return on equity of 6.53%. The company had revenue of $195.29 million during the quarter, compared to analysts’ expectations of $188.35 million. On average, equities analysts predict that Astronics Co. will post 0.71 earnings per share for the current year.

Insider Buying and Selling at Astronics

In other Astronics news, EVP Michael C. Kuehn sold 2,209 shares of the firm’s stock in a transaction that occurred on Thursday, February 29th. The shares were sold at an average price of $20.16, for a total value of $44,533.44. Following the completion of the transaction, the executive vice president now owns 14,248 shares of the company’s stock, valued at approximately $287,239.68. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other news, EVP Michael C. Kuehn sold 7,074 shares of the firm’s stock in a transaction on Thursday, March 14th. The shares were sold at an average price of $17.72, for a total value of $125,351.28. Following the sale, the executive vice president now directly owns 12,875 shares in the company, valued at approximately $228,145. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Michael C. Kuehn sold 2,209 shares of the firm’s stock in a transaction on Thursday, February 29th. The shares were sold at an average price of $20.16, for a total transaction of $44,533.44. Following the completion of the sale, the executive vice president now owns 14,248 shares in the company, valued at $287,239.68. The disclosure for this sale can be found here. 10.83% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Astronics

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Swiss National Bank raised its holdings in shares of Astronics by 1.8% in the 3rd quarter. Swiss National Bank now owns 55,200 shares of the aerospace company’s stock valued at $875,000 after purchasing an additional 1,000 shares in the last quarter. RiverPark Advisors LLC raised its holdings in shares of Astronics by 22.6% in the 4th quarter. RiverPark Advisors LLC now owns 5,815 shares of the aerospace company’s stock valued at $101,000 after purchasing an additional 1,072 shares in the last quarter. SG Americas Securities LLC raised its holdings in shares of Astronics by 28.0% in the 4th quarter. SG Americas Securities LLC now owns 14,900 shares of the aerospace company’s stock valued at $260,000 after purchasing an additional 3,257 shares in the last quarter. BKM Wealth Management LLC acquired a new stake in Astronics during the 4th quarter worth $64,000. Finally, Psagot Value Holdings Ltd. Israel raised its stake in Astronics by 856.5% during the 4th quarter. Psagot Value Holdings Ltd. Israel now owns 4,352 shares of the aerospace company’s stock worth $77,000 after acquiring an additional 3,897 shares in the last quarter. 56.68% of the stock is currently owned by institutional investors and hedge funds.

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.