Astronics (NASDAQ:ATRO) PT Lowered to $20.00 at Truist Financial

Astronics (NASDAQ:ATRO) had its price target decreased by Truist Financial from $22.00 to $20.00 in a research note released on Friday morning, Marketbeat reports. Truist Financial currently has a hold rating on the aerospace company’s stock.

Astronics Trading Down 1.0 %

NASDAQ:ATRO opened at $18.82 on Friday. The company has a market capitalization of $655.73 million, a P/E ratio of -24.44 and a beta of 1.82. The stock’s 50 day moving average price is $19.97 and its 200 day moving average price is $19.62. The company has a debt-to-equity ratio of 0.67, a quick ratio of 1.50 and a current ratio of 2.92. Astronics has a 52 week low of $14.11 and a 52 week high of $23.74.

Astronics (NASDAQ:ATRO) last issued its quarterly earnings data on Thursday, August 1st. The aerospace company reported $0.04 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.13). Astronics had a negative return on equity of 0.31% and a negative net margin of 1.57%. The business had revenue of $198.11 million during the quarter, compared to the consensus estimate of $191.19 million. During the same quarter in the prior year, the company posted ($0.37) earnings per share. On average, research analysts forecast that Astronics will post 0.36 EPS for the current fiscal year.

Institutional Investors Weigh In On Astronics

A number of large investors have recently added to or reduced their stakes in the stock. Fisher Asset Management LLC lifted its stake in shares of Astronics by 9.4% in the fourth quarter. Fisher Asset Management LLC now owns 114,126 shares of the aerospace company’s stock worth $1,988,000 after buying an additional 9,783 shares during the last quarter. Hennion & Walsh Asset Management Inc. acquired a new stake in shares of Astronics in the first quarter valued at about $239,000. BNP Paribas Financial Markets lifted its position in shares of Astronics by 35.1% during the 1st quarter. BNP Paribas Financial Markets now owns 52,587 shares of the aerospace company’s stock worth $1,001,000 after purchasing an additional 13,656 shares during the last quarter. RiverPark Advisors LLC grew its holdings in Astronics by 360.9% in the 1st quarter. RiverPark Advisors LLC now owns 26,802 shares of the aerospace company’s stock valued at $510,000 after buying an additional 20,987 shares during the last quarter. Finally, GSA Capital Partners LLP increased its position in Astronics by 84.5% during the first quarter. GSA Capital Partners LLP now owns 33,248 shares of the aerospace company’s stock worth $633,000 after acquiring an additional 15,228 shares during the period. 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.