Astronics (NASDAQ:ATRO) Issues Quarterly Earnings Results, Beats Estimates By $0.09 EPS

Astronics (NASDAQ:ATRO) posted its earnings results on Tuesday. The aerospace company reported $0.49 EPS for the quarter, topping the consensus estimate of $0.40 by $0.09, Zacks reports. Astronics had a positive return on equity of 22.89% and a negative net margin of 0.45%. Astronics updated its FY 2025 guidance to EPS.

Astronics Price Performance

Shares of ATRO traded down $0.75 during midday trading on Tuesday, reaching $47.99. The stock had a trading volume of 941,363 shares, compared to its average volume of 592,308. The company’s 50-day moving average is $44.04 and its 200 day moving average is $35.86. Astronics has a 12-month low of $14.13 and a 12-month high of $51.88. The company has a current ratio of 3.04, a quick ratio of 1.63 and a debt-to-equity ratio of 0.59. The company has a market capitalization of $1.70 billion, a price-to-earnings ratio of -399.88 and a beta of 1.68.

Wall Street Analyst Weigh In

Several equities analysts recently commented on ATRO shares. Truist Financial boosted their target price on Astronics from $49.00 to $58.00 and gave the stock a “buy” rating in a research report on Wednesday, October 15th. Weiss Ratings restated a “sell (d-)” rating on shares of Astronics in a research report on Wednesday, October 8th. Wall Street Zen upgraded Astronics from a “hold” rating to a “buy” rating in a report on Saturday, October 18th. Zacks Research cut Astronics from a “strong-buy” rating to a “hold” rating in a report on Monday, October 6th. Finally, Craig Hallum initiated coverage on Astronics in a report on Friday, October 10th. They issued a “buy” rating and a $60.00 price objective for the company. Two equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, Astronics currently has an average rating of “Hold” and a consensus price target of $59.00.

Insider Buying and Selling at Astronics

In other news, insider James Mulato sold 1,129 shares of the business’s stock in a transaction dated Friday, September 5th. The stock was sold at an average price of $38.16, for a total value of $43,082.64. Following the completion of the sale, the insider owned 1,066 shares of the company’s stock, valued at approximately $40,678.56. The trade was a 51.44% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 9.39% of the company’s stock.

Institutional Investors Weigh In On Astronics

A number of hedge funds and other institutional investors have recently modified their holdings of ATRO. AQR Capital Management LLC lifted its stake in shares of Astronics by 20.4% in the 1st quarter. AQR Capital Management LLC now owns 112,210 shares of the aerospace company’s stock valued at $2,712,000 after acquiring an additional 18,975 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in shares of Astronics by 6.5% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 17,491 shares of the aerospace company’s stock valued at $423,000 after acquiring an additional 1,069 shares during the last quarter. Millennium Management LLC lifted its stake in shares of Astronics by 80.1% in the 1st quarter. Millennium Management LLC now owns 746,956 shares of the aerospace company’s stock valued at $18,054,000 after acquiring an additional 332,133 shares during the last quarter. Goldman Sachs Group Inc. lifted its stake in shares of Astronics by 26.1% in the 1st quarter. Goldman Sachs Group Inc. now owns 222,486 shares of the aerospace company’s stock valued at $5,377,000 after acquiring an additional 46,054 shares during the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in shares of Astronics by 22.3% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 71,791 shares of the aerospace company’s stock valued at $1,735,000 after acquiring an additional 13,104 shares during the last quarter. Institutional investors own 56.68% of the company’s stock.

Astronics Company Profile

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.