ATRO icon

Astronics

15.89 USD
+0.03
0.19%
At close Dec 20, 4:00 PM EST
After hours
15.89
+0.00
0.00%
1 day
0.19%
5 days
-3.46%
1 month
-7.51%
3 months
-22.22%
6 months
-16.50%
Year to date
-7.78%
1 year
-3.99%
5 years
-44.28%
10 years
-52.30%
 

About: Astronics Corp supplies products to the aerospace, defense, and electronics industries. The company has two reportable segments namely Aerospace and Test Systems. The aerospace segment serves three primary markets: military, commercial transport, and General Aviation. The Test Systems segment serves the aerospace, defense, and semiconductor markets. The company generates a majority of its revenue from the Aerospace segment. Geographically, it generates a majority of its revenue from the United States.

Employees: 2,640

0
Funds holding %
of 6,809 funds
Analysts bullish %

Fund manager confidence

Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)

214% more call options, than puts

Call options by funds: $110K | Put options by funds: $35K

145% more first-time investments, than exits

New positions opened: 27 | Existing positions closed: 11

46% more repeat investments, than reductions

Existing positions increased: 51 | Existing positions reduced: 35

12% more funds holding

Funds holding: 130 [Q2] → 146 (+16) [Q3]

0% more funds holding in top 10

Funds holding in top 10: 4 [Q2] → 4 (+0) [Q3]

0.03% less ownership

Funds ownership: 72.17% [Q2] → 72.14% (-0.03%) [Q3]

2% less capital invested

Capital invested by funds: $420M [Q2] → $412M (-$7.93M) [Q3]

Research analyst outlook

1 Wall Street Analyst provided 1 year price targets over the past 3 months

Low target
$20
26%
upside
Avg. target
$20
26%
upside
High target
$20
26%
upside

1 analyst rating

positive
0%
neutral
100%
negative
0%
Truist Securities
Michael Ciarmoli
66% 1-year accuracy
39 / 59 met price target
26%upside
$20
Hold
Maintained
18 Oct 2024

Financial journalist opinion

Based on 5 articles about ATRO published over the past 30 days

Neutral
Business Wire
3 weeks ago
Astronics Corporation to Webcast Presentation at the Sidoti Small Cap Conference
EAST AURORA, N.Y.--(BUSINESS WIRE)--Astronics Corporation (Nasdaq: ATRO) to Webcast Presentation at the Sidoti Small Cap Conference.
Astronics Corporation to Webcast Presentation at the Sidoti Small Cap Conference
Negative
Seeking Alpha
3 weeks ago
Astronics Stock Plunges On Convertible Note Offering: But Why?
Astronics Corporation's $150 million convertible note offering led to a 15% stock price drop, reflecting shareholder concerns about potential dilution and future cash flow generation. The proceeds will repay a term loan maturing in 2027 and part of an upsized revolving credit facility, pushing debt maturity to 2030. The market's reaction suggests skepticism about Astronics' growth prospects and ability to generate shareholder value, given a 62.3% stock price decline over the past decade.
Astronics Stock Plunges On Convertible Note Offering: But Why?
Neutral
Business Wire
3 weeks ago
Astronics Corporation Announces Pricing of $150 Million Convertible Senior Notes Offering
EAST AURORA, N.Y.--(BUSINESS WIRE)--Astronics Corporation (NASDAQ: ATRO) Announces Pricing of $150 Million Convertible Senior Notes Offering.
Astronics Corporation Announces Pricing of $150 Million Convertible Senior Notes Offering
Neutral
Business Wire
3 weeks ago
Astronics Corporation Announces $150 Million Convertible Senior Notes Offering
EAST AURORA, N.Y.--(BUSINESS WIRE)--Astronics Corporation (NASDAQ: ATRO) Announces $150 Million Convertible Senior Notes Offering.
Astronics Corporation Announces $150 Million Convertible Senior Notes Offering
Neutral
Seeking Alpha
4 weeks ago
Why I Still Believe In Astronics Despite Recent Underperformance
Astronics' stock has underperformed, with a 10% decline since my strong buy rating, despite improved earnings and operational metrics in the third quarter. Third-quarter sales grew 25%, driven by the Aerospace and Test Systems segments, with significant margin improvements despite non-recurring costs. Risks include Boeing production delays and litigation with Lufthansa Technik, but long-term demand and EBITDA growth projections remain strong.
Why I Still Believe In Astronics Despite Recent Underperformance
Positive
Zacks Investment Research
1 month ago
All You Need to Know About Astronics (ATRO) Rating Upgrade to Strong Buy
Astronics (ATRO) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #1 (Strong Buy).
All You Need to Know About Astronics (ATRO) Rating Upgrade to Strong Buy
Positive
Zacks Investment Research
1 month ago
New Strong Buy Stocks for November 20th
ATRO, AS, BAM, SHOP and FIHL have been added to the Zacks Rank #1 (Strong Buy) List on November 20, 2024.
New Strong Buy Stocks for November 20th
Neutral
Seeking Alpha
1 month ago
Astronics Corporation (ATRO) Q3 2024 Earnings Call Transcript
Astronics Corporation (NASDAQ:ATRO ) Q3 2024 Earnings Conference Call November 6, 2024 4:45 AM ET Company Participants Craig Mychajluk - Investor Relations Peter Gundermann - Chairman, President and Chief Executive Officer David Burney - Executive Vice President and Chief Financial Officer Nancy Hedges - Corporate Controller and Principal Accounting Officer Conference Call Participants Jonathan Tanwanteng - CJS Securities Michael Ciarmoli - Truist Securities Operator Greetings and welcome to the Astronics Corporation Third Quarter Fiscal Year 2024 Financial Results. At this time, all participants are in a listen-only mode.
Astronics Corporation (ATRO) Q3 2024 Earnings Call Transcript
Positive
Zacks Investment Research
1 month ago
Astronics Corporation (ATRO) Beats Q3 Earnings and Revenue Estimates
Astronics Corporation (ATRO) came out with quarterly earnings of $0.35 per share, beating the Zacks Consensus Estimate of $0.18 per share. This compares to loss of $0.18 per share a year ago.
Astronics Corporation (ATRO) Beats Q3 Earnings and Revenue Estimates
Neutral
Business Wire
1 month ago
Astronics Corporation Reports 25% Growth in Sales in 2024 Third Quarter
EAST AURORA, N.Y.--(BUSINESS WIRE)--Astronics Corporation (Nasdaq: ATRO) Reports 25% Growth in Sales in 2024 Third Quarter.
Astronics Corporation Reports 25% Growth in Sales in 2024 Third Quarter
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