Analysts Set Astronics Corporation (NASDAQ:ATRO) PT at $66.67

Astronics Corporation (NASDAQ:ATRO) has earned a consensus rating of “Buy” from the six ratings firms that are currently covering the firm, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating, three have given a buy rating and two have given a strong buy rating to the company. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is $66.6667.

A number of equities analysts recently weighed in on the company. Craig Hallum reiterated a “buy” rating on shares of Astronics in a research report on Friday, January 9th. Truist Financial set a $75.00 target price on shares of Astronics in a report on Friday, January 9th. CJS Securities upgraded shares of Astronics to a “strong-buy” rating in a report on Thursday, December 11th. TD Cowen started coverage on shares of Astronics in a research note on Wednesday, November 26th. They issued a “buy” rating for the company. Finally, Zacks Research upgraded shares of Astronics from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, February 3rd.

Institutional Investors Weigh In On Astronics

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in ATRO. Capital International Investors purchased a new position in shares of Astronics during the 3rd quarter valued at $64,173,000. Luxor Capital Group LP purchased a new position in Astronics in the third quarter valued at about $52,698,000. Millennium Management LLC increased its position in Astronics by 80.1% in the 1st quarter. Millennium Management LLC now owns 746,956 shares of the aerospace company’s stock worth $18,054,000 after purchasing an additional 332,133 shares during the last quarter. American Century Companies Inc. raised its stake in shares of Astronics by 659.8% during the 2nd quarter. American Century Companies Inc. now owns 339,947 shares of the aerospace company’s stock worth $11,381,000 after purchasing an additional 295,208 shares in the last quarter. Finally, SG Capital Management LLC acquired a new stake in shares of Astronics during the 3rd quarter valued at about $11,617,000. Hedge funds and other institutional investors own 56.68% of the company’s stock.

Astronics Price Performance

Shares of NASDAQ:ATRO opened at $75.37 on Monday. The company has a market capitalization of $2.69 billion, a PE ratio of -837.35 and a beta of 1.10. The company has a debt-to-equity ratio of 3.07, a quick ratio of 1.56 and a current ratio of 2.87. The stock has a fifty day moving average of $64.35 and a 200-day moving average of $50.64. Astronics has a one year low of $18.28 and a one year high of $81.89.

Astronics Company Profile

Astronics Corporation (NASDAQ: ATRO) is a global leader in the design and manufacture of advanced technologies primarily for the aerospace, defense and semiconductor industries. Headquartered in East Aurora, New York, the company was founded in 1968 and has grown through a combination of internal development and strategic acquisitions. Astronics operates multiple business units focused on power conversion, distribution and control; cabin electronics and connectivity; aircraft lighting and safety solutions; and automated test systems.

The company’s aerospace products include onboard power generation and management systems, in-flight entertainment and connectivity hardware, LED and fluorescent lighting for aircraft cabins and cockpits, and safety equipment such as escape slide power units.