Media headlines about Astronics (NASDAQ:ATRO) have been trending somewhat positive recently, Accern reports. The research firm identifies positive and negative news coverage by analyzing more than 20 million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Astronics earned a news impact score of 0.23 on Accern’s scale. Accern also gave news articles about the aerospace company an impact score of 45.8767918216304 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
Here are some of the news headlines that may have impacted Accern Sentiment Analysis’s analysis:
- Astronics (ATRO) Raised to “Buy” at BidaskClub (americanbankingnews.com)
- Astronics Co. (ATRO) Receives Average Recommendation of “Hold” from Brokerages (americanbankingnews.com)
- Insider Selling: Astronics Co. (ATRO) CEO Sells 2,000 Shares of Stock (americanbankingnews.com)
- Astronics Corporation Announces Fourth Quarter and Full Year 2017 Financial Results Conference Call and Webcast (finance.yahoo.com)
- Astronics CSC Awarded Systems Certification Contract by Air Esurfing for Chinese Airline Connectivity Systems (finance.yahoo.com)
Astronics (ATRO) traded down $0.15 during midday trading on Friday, hitting $41.88. The stock had a trading volume of 131,788 shares, compared to its average volume of 107,785. Astronics has a fifty-two week low of $23.95 and a fifty-two week high of $49.45. The stock has a market cap of $1,176.88, a PE ratio of 35.49, a PEG ratio of 2.11 and a beta of 1.49. The company has a current ratio of 3.07, a quick ratio of 1.57 and a debt-to-equity ratio of 0.52.
Astronics declared that its Board of Directors has approved a share repurchase plan on Monday, December 18th that permits the company to buyback $50.00 million in shares. This buyback authorization permits the aerospace company to repurchase shares of its stock through open market purchases. Stock buyback plans are often a sign that the company’s board of directors believes its stock is undervalued.
ATRO has been the subject of a number of recent research reports. Zacks Investment Research downgraded Astronics from a “buy” rating to a “hold” rating in a research note on Tuesday, February 6th. BidaskClub raised Astronics from a “hold” rating to a “buy” rating in a research note on Saturday. Dougherty & Co raised their target price on Astronics from $35.00 to $40.00 and gave the stock a “buy” rating in a research note on Wednesday, November 8th. SunTrust Banks reaffirmed a “hold” rating and issued a $48.00 target price on shares of Astronics in a research note on Friday, January 19th. Finally, Canaccord Genuity reaffirmed a “buy” rating and issued a $46.00 target price on shares of Astronics in a research note on Tuesday, December 12th. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Astronics has a consensus rating of “Buy” and an average price target of $46.25.
In related news, CEO Peter J. Gundermann sold 2,000 shares of the firm’s stock in a transaction dated Friday, February 9th. The stock was sold at an average price of $38.99, for a total transaction of $77,980.00. Following the completion of the transaction, the chief executive officer now directly owns 29,595 shares in the company, valued at approximately $1,153,909.05. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Robert J. Mckenna sold 45,000 shares of Astronics stock in a transaction dated Tuesday, November 21st. The shares were sold at an average price of $39.00, for a total value of $1,755,000.00. The disclosure for this sale can be found here. Insiders have sold a total of 49,000 shares of company stock valued at $1,919,940 over the last 90 days. 16.45% of the stock is currently owned by company insiders.
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Astronics Corporation is a supplier of products to the aerospace, defense, electronics and semiconductor industries. The Company’s products and services include electrical power generation, distribution and motion systems, lighting and safety systems, avionics products, aircraft structures, systems certification and automated test systems.
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