Astronics Corp (NASDAQ:ATRO) Sentiment Up, Despite

May 18, 2018 - By Catherine Nunes

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Sentiment for Astronics Corp (NASDAQ:ATRO)

Astronics Corp (NASDAQ:ATRO) institutional sentiment increased to 1.1 in Q4 2017. Its up 0.14, from 0.96 in 2017Q3. The ratio increased, as 55 hedge funds increased and started new holdings, while 50 trimmed and sold equity positions in Astronics Corp. The hedge funds in our partner’s database now hold: 19.21 million shares, up from 18.18 million shares in 2017Q3. Also, the number of hedge funds holding Astronics Corp in their top 10 holdings was flat from 1 to 1 for the same number . Sold All: 5 Reduced: 45 Increased: 29 New Position: 26.

Astronics Corporation, through its subsidiaries, creates and makes products for the aerospace, defense, electronics, and semiconductor industries worldwide. The company has market cap of $1.01 billion. It operates in two divisions, Aerospace and Test Systems. It has a 53.39 P/E ratio. The Aerospace segment offers lighting and safety systems; electrical power generation, distribution, and motions systems; aircraft structures; avionics products; and system certification and other products.

The stock increased 0.82% or $0.29 during the last trading session, reaching $35.77. About 78,481 shares traded. Astronics Corporation (NASDAQ:ATRO) has risen 25.05% since May 18, 2017 and is uptrending. It has outperformed by 13.50% the S&P500.

Analysts await Astronics Corporation (NASDAQ:ATRO) to report earnings on August, 1. They expect $0.30 earnings per share, up 15.38 % or $0.04 from last year’s $0.26 per share. ATRO’s profit will be $8.43 million for 29.81 P/E if the $0.30 EPS becomes a reality. After $0.11 actual earnings per share reported by Astronics Corporation for the previous quarter, Wall Street now forecasts 172.73 % EPS growth.

Ack Asset Management Llc holds 8.63% of its portfolio in Astronics Corporation for 926,700 shares. Minerva Advisors Llc owns 136,723 shares or 2.99% of their US portfolio. Moreover, Paradice Investment Management Llc has 1.74% invested in the company for 573,365 shares. The Florida-based Wilen Investment Management Corp. has invested 0.54% in the stock. International Value Advisers Llc, a New York-based fund reported 407,189 shares.

Since January 1, 0001, it had 0 buys, and 18 insider sales for $1.49 million activity.

Astronics Corporation (NASDAQ:ATRO) Ratings Coverage

Ratings analysis reveals 0 of Astronics Corp’s analysts are positive. Out of 2 Wall Street analysts rating Astronics Corp, 0 give it “Buy”, 0 “Sell” rating, while 2 recommend “Hold”. The lowest target is $44.0 while the high is $50. The stock’s average target of $49 is 36.99% above today’s ($35.77) share price. ATRO was included in 6 notes of analysts from December 11, 2017. On Monday, December 11 the stock rating was maintained by Canaccord Genuity with “Buy”. The stock of Astronics Corporation (NASDAQ:ATRO) has “Hold” rating given on Friday, January 19 by SunTrust. The stock has “Buy” rating by Canaccord Genuity on Friday, January 12. The company was downgraded on Thursday, May 10 by Canaccord Genuity. The firm has “Buy” rating by Canaccord Genuity given on Tuesday, February 27. The firm has “Hold” rating given on Monday, January 8 by SunTrust.

More important recent Astronics Corporation (NASDAQ:ATRO) news were published by: Businesswire.com which released: “Astronics Corporation Reports 2018 First Quarter Financial Results” on May 09, 2018, also Seekingalpha.com published article titled: “Astronics’ (ATRO) CEO Peter Gundermann on Q1 2018 Results – Earnings Call Transcript”, Globenewswire.com published: “Report: Developing Opportunities within USA Truck, Heico, Cable One, Astronics, BancFirst, and Cooper-Standard …” on May 03, 2018. More interesting news about Astronics Corporation (NASDAQ:ATRO) was released by: Seekingalpha.com and their article: “Astronics down 4% post Q1 results” with publication date: May 09, 2018.

Astronics Corporation (NASDAQ:ATRO) Institutional Positions Chart

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