8,450 Shares in Astronics Corporation $ATRO Purchased by Mark Sheptoff Financial Planning LLC

Mark Sheptoff Financial Planning LLC acquired a new position in shares of Astronics Corporation (NASDAQ:ATRO) in the 2nd quarter, Holdings Channel.com reports. The firm acquired 8,450 shares of the aerospace company’s stock, valued at approximately $283,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Signaturefd LLC grew its position in Astronics by 88.5% during the first quarter. Signaturefd LLC now owns 1,446 shares of the aerospace company’s stock worth $35,000 after buying an additional 679 shares in the last quarter. CWM LLC lifted its position in shares of Astronics by 192.2% during the 1st quarter. CWM LLC now owns 2,592 shares of the aerospace company’s stock valued at $63,000 after acquiring an additional 1,705 shares during the period. Penserra Capital Management LLC acquired a new stake in shares of Astronics during the 2nd quarter worth $66,000. Elyxium Wealth LLC bought a new position in shares of Astronics in the second quarter worth $209,000. Finally, Verdence Capital Advisors LLC acquired a new position in Astronics in the second quarter valued at about $219,000. Institutional investors and hedge funds own 56.68% of the company’s stock.

Insider Buying and Selling at Astronics

In other Astronics news, insider James Mulato sold 1,129 shares of the business’s stock in a transaction that occurred on 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 in the company, valued at approximately $40,678.56. The trade was a 51.44% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 10.83% of the company’s stock.

Astronics Stock Performance

Shares of ATRO opened at $46.98 on Friday. The company has a market capitalization of $1.66 billion, a price-to-earnings ratio of -391.47 and a beta of 1.63. The stock has a 50 day moving average of $44.88 and a 200 day moving average of $36.38. The company has a current ratio of 3.04, a quick ratio of 1.63 and a debt-to-equity ratio of 0.59. Astronics Corporation has a 12 month low of $14.13 and a 12 month high of $51.88.

Astronics (NASDAQ:ATRO) last announced its quarterly earnings results on Tuesday, November 4th. The aerospace company reported $0.49 earnings per share for the quarter, beating the consensus estimate of $0.42 by $0.07. Astronics had a positive return on equity of 22.89% and a negative net margin of 0.45%.The company had revenue of $211.45 million during the quarter, compared to analysts’ expectations of $210.80 million. Astronics has set its FY 2025 guidance at EPS. As a group, sell-side analysts forecast that Astronics Corporation will post 0.82 earnings per share for the current year.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the stock. Craig Hallum started coverage on shares of Astronics in a research note on Friday, October 10th. They set a “buy” rating and a $60.00 price objective on the stock. Zacks Research upgraded shares of Astronics from a “hold” rating to a “strong-buy” rating in a research report on Tuesday. 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 research note on Saturday, October 18th. Finally, Truist Financial lifted their price target on Astronics from $49.00 to $58.00 and gave the company a “buy” rating in a research note on Wednesday, October 15th. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $59.00.

Astronics 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.