Astronics (NASDAQ:ATRO) Given New $80.00 Price Target at TD Cowen

Astronics (NASDAQ:ATRO) had its price objective reduced by investment analysts at TD Cowen from $90.00 to $80.00 in a research report issued to clients and investors on Wednesday, Benzinga reports. The brokerage presently has a “buy” rating on the aerospace company’s stock. TD Cowen‘s target price would suggest a potential upside of 27.29% from the stock’s previous close.

Other research analysts have also issued research reports about the company. KeyCorp initiated coverage on Astronics in a report on Thursday, October 22nd. They set a “sector weight” rating on the stock. Weiss Ratings lowered shares of Astronics from a “buy (b-)” rating to a “hold (c+)” rating in a report on Thursday, October 8th. Zacks Research cut shares of Astronics from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 7th. Finally, Wall Street Zen upgraded shares of Astronics from a “buy” rating to a “strong-buy” rating in a research report on Sunday. Two research analysts have rated the stock with a Strong Buy rating, two have given a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat, Astronics has an average rating of “Moderate Buy” and an average target price of $84.58.

Astronics Trading Up 1.4%

Astronics stock traded up $0.85 during trading on Wednesday, reaching $62.85. 1,055,328 shares of the company were exchanged, compared to its average volume of 715,650. The stock’s 50 day simple moving average is $65.39 and its two-hundred day simple moving average is $67.46. The company has a market capitalization of $2.70 billion, a P/E ratio of 36.96 and a beta of 1.37. The company has a debt-to-equity ratio of 1.57, a current ratio of 2.97 and a quick ratio of 1.63. Astronics has a 52-week low of $38.13 and a 52-week high of $94.46.

Astronics (NASDAQ:ATRO) last issued its earnings results on Tuesday, November 10th. The aerospace company reported $0.81 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.72 by $0.09. The company had revenue of $271.68 million during the quarter, compared to analysts’ expectations of $267.97 million. Astronics had a return on equity of 67.69% and a net margin of 8.40%. The firm’s quarterly revenue was up 41.0% on a year-over-year basis. During the same period in the prior year, the business earned $0.49 EPS. On average, equities research analysts expect that Astronics will post 2.72 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Private Advisor Group LLC acquired a new stake in Astronics during the third quarter worth $443,000. Global Retirement Partners LLC lifted its position in Astronics by 857.2% in the third quarter. Global Retirement Partners LLC now owns 1,321 shares of the aerospace company’s stock valued at $89,000 after buying an additional 1,183 shares during the last quarter. HighTower Advisors LLC boosted its stake in Astronics by 724.0% during the third quarter. HighTower Advisors LLC now owns 22,931 shares of the aerospace company’s stock worth $1,546,000 after buying an additional 20,148 shares during the period. White Pine Capital LLC purchased a new position in Astronics during the third quarter worth about $3,395,000. Finally, Thoroughbred Financial Services LLC boosted its stake in Astronics by 19.7% during the third quarter. Thoroughbred Financial Services LLC now owns 12,577 shares of the aerospace company’s stock worth $847,000 after buying an additional 2,071 shares during the period. 56.68% of the stock is currently owned by institutional investors and hedge funds.

Latest Astronics News

Here’s some of the latest news about ATRO:

• 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

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.