Astronics Co. (NASDAQ:ATRO) CEO Peter J. Gundermann sold 2,000 shares of the firm’s stock in a transaction on Friday, February 23rd. The stock was sold at an average price of $40.80, for a total value of $81,600.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.
Astronics Co. (NASDAQ ATRO) traded down $3.94 during trading on Tuesday, hitting $38.55. The stock had a trading volume of 463,367 shares, compared to its average volume of 133,160. Astronics Co. has a 52-week low of $23.95 and a 52-week high of $49.45. The company has a quick ratio of 1.57, a current ratio of 3.07 and a debt-to-equity ratio of 0.52. The company has a market capitalization of $1,070.00, a price-to-earnings ratio of 32.67, a P/E/G ratio of 2.05 and a beta of 1.58.
Astronics declared that its board has approved a share buyback program on Monday, December 18th that authorizes the company to repurchase $50.00 million in shares. This repurchase authorization authorizes the aerospace company to repurchase shares of its stock through open market purchases. Shares repurchase programs are usually a sign that the company’s board of directors believes its shares are undervalued.
A number of analysts have issued reports on ATRO shares. SunTrust Banks decreased their target price on Astronics to $39.00 and set an “average” rating for the company in a research report on Tuesday. They noted that the move was a valuation call. Dougherty & Co raised their target price on Astronics from $35.00 to $40.00 and gave the stock a “buy” rating in a research report on Wednesday, November 8th. Canaccord Genuity reissued a “buy” rating and issued a $40.00 target price on shares of Astronics in a research report on Tuesday, November 7th. Zacks Investment Research raised Astronics from a “hold” rating to a “buy” rating and set a $46.00 target price for the company in a research report on Tuesday, January 2nd. Finally, BidaskClub downgraded Astronics from a “strong-buy” rating to a “buy” rating in a research report on Friday, December 29th. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $45.00.
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Astronics 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.
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