Mark Peabody Sells 2,000 Shares of Astronics Co. (NASDAQ:ATRO) Stock

Astronics Co. (NASDAQ:ATRO) VP Mark Peabody sold 2,000 shares of the business’s stock in a transaction on Friday, June 21st. The shares were sold at an average price of $38.71, for a total transaction of $77,420.00. Following the completion of the transaction, the vice president now directly owns 16,761 shares of the company’s stock, valued at approximately $648,818.31. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Mark Peabody also recently made the following trade(s):

  • On Friday, June 7th, Mark Peabody sold 2,000 shares of Astronics stock. The shares were sold at an average price of $43.78, for a total transaction of $87,560.00.
  • On Friday, May 24th, Mark Peabody sold 2,000 shares of Astronics stock. The shares were sold at an average price of $41.43, for a total transaction of $82,860.00.

Shares of ATRO stock opened at $40.98 on Wednesday. The firm has a market cap of $1.28 billion, a price-to-earnings ratio of 29.06, a price-to-earnings-growth ratio of 2.07 and a beta of 1.43. The company has a quick ratio of 1.50, a current ratio of 2.44 and a debt-to-equity ratio of 0.25. Astronics Co. has a 12-month low of $27.56 and a 12-month high of $46.56. The company has a fifty day moving average price of $40.78.

Astronics (NASDAQ:ATRO) last announced its earnings results on Wednesday, May 8th. The aerospace company reported $0.48 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.37 by $0.11. The firm had revenue of $208.20 million during the quarter, compared to analyst estimates of $192.10 million. Astronics had a net margin of 14.61% and a return on equity of 15.16%. The company’s revenue for the quarter was up 16.2% compared to the same quarter last year. During the same period in the prior year, the business earned $0.11 EPS. Sell-side analysts predict that Astronics Co. will post 1.89 earnings per share for the current year.

ATRO has been the subject of several research analyst reports. Zacks Investment Research lowered shares of Astronics from a “hold” rating to a “sell” rating in a report on Wednesday, February 27th. BidaskClub lowered shares of Astronics from a “buy” rating to a “hold” rating in a report on Wednesday, March 6th. Seaport Global Securities initiated coverage on shares of Astronics in a report on Wednesday, May 1st. They issued a “buy” rating and a $42.00 price target for the company. Finally, ValuEngine raised shares of Astronics from a “hold” rating to a “buy” rating in a report on Wednesday, May 8th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the company’s stock. Astronics currently has a consensus rating of “Hold” and an average target price of $40.25.

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. BlackRock Inc. boosted its stake in Astronics by 16.9% in the 4th quarter. BlackRock Inc. now owns 2,941,886 shares of the aerospace company’s stock worth $89,581,000 after purchasing an additional 425,325 shares during the period. International Value Advisers LLC boosted its stake in Astronics by 7.7% in the 1st quarter. International Value Advisers LLC now owns 1,601,134 shares of the aerospace company’s stock worth $52,389,000 after purchasing an additional 115,105 shares during the period. Federated Investors Inc. PA boosted its stake in Astronics by 14.6% in the 1st quarter. Federated Investors Inc. PA now owns 635,859 shares of the aerospace company’s stock worth $20,805,000 after purchasing an additional 81,109 shares during the period. Geode Capital Management LLC boosted its stake in Astronics by 19.0% in the 4th quarter. Geode Capital Management LLC now owns 364,134 shares of the aerospace company’s stock worth $11,087,000 after purchasing an additional 58,162 shares during the period. Finally, Bank of New York Mellon Corp boosted its stake in Astronics by 240.6% in the 4th quarter. Bank of New York Mellon Corp now owns 323,261 shares of the aerospace company’s stock worth $9,843,000 after purchasing an additional 228,363 shares during the period. 64.92% of the stock is owned by hedge funds and other institutional investors.

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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