Astronics (NASDAQ:ATRO) Shares Gap Down Following Analyst Downgrade

Astronics Corporation (NASDAQ:ATRO) shares gapped down prior to trading on Wednesday after TD Cowen lowered their price target on the stock from $90.00 to $80.00. The stock had previously closed at $62.00, but opened at $56.60. TD Cowen currently has a buy rating on the stock. Astronics shares last traded at $60.3430, with a volume of 483,193 shares traded.

A number of other research firms also recently issued reports on ATRO. Weiss Ratings downgraded shares of Astronics from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Thursday, October 8th. Wall Street Zen upgraded shares of Astronics from a “buy” rating to a “strong-buy” rating in a research note on Sunday. Zacks Research downgraded Astronics from a “strong-buy” rating to a “hold” rating in a report on Monday, September 7th. Finally, KeyCorp initiated coverage on Astronics in a research report on Thursday, October 22nd. They set a “sector weight” rating on the stock. Two analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $84.58.

Astronics News Roundup

Investors following ATRO have been watching these news items:

• Positive Sentiment: Third-quarter earnings and revenue beat analyst estimates. Sales were $271.7 million, while earnings per share were $0.81 versus the $0.72 consensus; revenue also rose year over year. Astronics Q3 earnings results
• Neutral Sentiment: Astronics’ updated FY 2026 revenue guidance is about $1.0 billion, in line with consensus. That offers a steady full-year outlook, but does not offset concern about the coming quarter.
• Negative Sentiment: Q4 revenue guidance of $255 million–$275 million has a midpoint of $265 million, below analysts’ $273.9 million estimate. This cautious near-term outlook appears to be overshadowing the quarterly beat and weighing on shares. Astronics shares slide on Q4 guidance

Institutional Investors Weigh In On Astronics

A number of hedge funds have recently modified their holdings of the business. Farther Finance Advisors LLC lifted its stake in shares of Astronics by 26.6% in the third quarter. Farther Finance Advisors LLC now owns 857 shares of the aerospace company’s stock worth $58,000 after buying an additional 180 shares in the last quarter. Calamos Advisors LLC grew its stake in Astronics by 3.7% during the 3rd quarter. Calamos Advisors LLC now owns 8,535 shares of the aerospace company’s stock valued at $575,000 after acquiring an additional 306 shares in the last quarter. Brighton Jones LLC grew its stake in Astronics by 3.5% during the 3rd quarter. Brighton Jones LLC now owns 10,439 shares of the aerospace company’s stock valued at $704,000 after acquiring an additional 356 shares in the last quarter. Nykredit A S purchased a new stake in Astronics during the 2nd quarter valued at about $40,000. Finally, Fifth Third Bancorp grew its stake in Astronics by 877.2% during the 1st quarter. Fifth Third Bancorp now owns 557 shares of the aerospace company’s stock valued at $37,000 after acquiring an additional 500 shares in the last quarter. 56.68% of the stock is currently owned by institutional investors and hedge funds.

Astronics Stock Performance

The company has a market cap of $2.70 billion, a price-to-earnings ratio of 36.96 and a beta of 1.37. The company has a current ratio of 2.97, a quick ratio of 1.63 and a debt-to-equity ratio of 1.57. The stock’s fifty day simple moving average is $65.39 and its 200 day simple moving average is $67.46.

Astronics (NASDAQ:ATRO) last posted its quarterly earnings results on Tuesday, November 10th. The aerospace company reported $0.81 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.72 by $0.09. Astronics had a return on equity of 67.69% and a net margin of 8.40%. The business had revenue of $271.68 million during the quarter, compared to analyst estimates of $267.97 million. During the same period in the prior year, the business earned $0.49 earnings per share. The business’s revenue was up 41.0% compared to the same quarter last year. As a group, analysts anticipate that Astronics Corporation will post 2.72 earnings per share for the current year.

Astronics Company Profile

Astronics Corporation designs and manufactures technologies for the aerospace, defense and other industries. Its aerospace products include aircraft lighting, electrical power generation and distribution systems, cabin electronics, connectivity solutions and avionics-related equipment used on commercial and military aircraft. The company also develops test systems, including automated equipment used to test aerospace and defense electronics. Astronics serves aircraft manufacturers, airlines, defense organizations and other customers, with products and services reaching markets around the world.