Shares of Astronics Co. (NASDAQ:ATRO) have been assigned an average recommendation of “Hold” from the seven analysts that are covering the firm, MarketBeat reports. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating on the company. The average 1 year target price among brokers that have covered the stock in the last year is $38.67.

A number of research analysts have recently commented on the company. SunTrust Banks lowered their target price on Broadcom to $307.00 and set a “buy” rating for the company in a research note on Friday, June 14th. Zacks Investment Research upgraded DLH from a “sell” rating to a “hold” rating in a research note on Tuesday, July 9th. BidaskClub cut Weyco Group from a “sell” rating to a “strong sell” rating in a research note on Saturday, July 13th. Seaport Global Securities raised Saia from a “neutral” rating to a “buy” rating in a research report on Wednesday, May 1st. Finally, ValuEngine lowered Valero Energy from a “hold” rating to a “sell” rating in a research report on Wednesday, May 8th.

In related news, VP Mark Peabody sold 2,000 shares of the firm’s stock in a transaction that occurred on Friday, June 7th. The stock was sold at an average price of $43.78, for a total transaction of $87,560.00. Following the completion of the transaction, the vice president now owns 18,761 shares of the company’s stock, valued at approximately $821,356.58. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In the last ninety days, insiders have sold 9,000 shares of company stock valued at $369,130. 15.80% of the stock is owned by corporate insiders.

A number of hedge funds have recently bought and sold shares of ATRO. Bessemer Group Inc. purchased a new position in shares of Astronics in the second quarter valued at about $402,000. New York State Teachers Retirement System purchased a new position in shares of Astronics in the second quarter valued at about $76,000. Mesirow Financial Investment Management Inc. lifted its position in shares of Astronics by 11.9% in the second quarter. Mesirow Financial Investment Management Inc. now owns 13,266 shares of the aerospace company’s stock valued at $529,000 after acquiring an additional 1,410 shares in the last quarter. Scout Investments Inc. lifted its position in shares of Astronics by 64.0% in the second quarter. Scout Investments Inc. now owns 218,472 shares of the aerospace company’s stock valued at $8,787,000 after acquiring an additional 85,218 shares in the last quarter. Finally, International Value Advisers LLC lifted its position in shares of Astronics by 7.7% in the first quarter. International Value Advisers LLC now owns 1,601,134 shares of the aerospace company’s stock valued at $52,389,000 after acquiring an additional 115,105 shares in the last quarter. 64.92% of the stock is owned by institutional investors.

Shares of ATRO traded down $0.09 on Monday, reaching $37.91. The stock had a trading volume of 226,935 shares, compared to its average volume of 311,810. The firm has a market capitalization of $1.24 billion, a price-to-earnings ratio of 26.89, a price-to-earnings-growth ratio of 2.02 and a beta of 1.35. The company has a quick ratio of 1.50, a current ratio of 2.44 and a debt-to-equity ratio of 0.25. The company’s 50-day moving average price is $40.42. Astronics has a 12-month low of $27.56 and a 12-month high of $46.56.

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

About Astronics

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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