Astronics (NASDAQ:ATRO) Stock Price Target Cut by TD Cowen

Key Points

• TD Cowen lowered its Astronics price target from $90 to $80 but maintained a Buy rating; the new target implies 27.29% upside from the stock’s reported $62.85 price.
• Astronics beat quarterly estimates, reporting EPS of $0.81 versus $0.72 expected and revenue of $271.68 million versus $267.97 million expected; revenue rose 41% year over year.
• Near-term guidance was softer: the company’s $255 million–$275 million fourth-quarter revenue outlook has a midpoint below analysts’ $273.9 million estimate, despite full-year revenue guidance of about $1.0 billion.

Astronics (NASDAQ:ATRO - Get Free Report) had its price target decreased by research analysts at TD Cowen from $90.00 to $80.00 in a research report issued on Wednesday, Benzinga reports. The brokerage presently has a "buy" rating on the aerospace company's stock. TD Cowen's target price indicates a potential upside of 27.29% from the stock's current price.

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

Astronics Stock Performance

Shares of Astronics stock traded up $0.85 on Wednesday, reaching $62.85. 1,055,328 shares of the stock were exchanged, compared to its average volume of 715,650. Astronics has a twelve month low of $38.13 and a twelve month high of $94.46. The company has a quick ratio of 1.63, a current ratio of 2.97 and a debt-to-equity ratio of 1.57. The firm has a market capitalization of $2.70 billion, a price-to-earnings ratio of 36.96 and a beta of 1.37. The business has a 50 day moving average price of $65.39 and a two-hundred day moving average price of $67.46.

Astronics (NASDAQ:ATRO - Get Free Report) last issued its quarterly earnings data on Tuesday, November 10th. The aerospace company reported $0.81 earnings per share for the quarter, topping analysts' consensus estimates of $0.72 by $0.09. The business had revenue of $271.68 million during the quarter, compared to the consensus estimate of $267.97 million. Astronics had a net margin of 8.40% and a return on equity of 67.69%. The company's revenue was up 41.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.49 earnings per share. Analysts anticipate that Astronics will post 2.72 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Astronics

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Fifth Third Bancorp raised its position in shares of Astronics by 877.2% in the first quarter. Fifth Third Bancorp now owns 557 shares of the aerospace company's stock valued at $37,000 after buying an additional 500 shares during the last quarter. Optiver Holding B.V. boosted its position in Astronics by 3,921.4% during the first quarter. Optiver Holding B.V. now owns 563 shares of the aerospace company's stock worth $38,000 after acquiring an additional 549 shares during the last quarter. Nykredit A S acquired a new position in Astronics during the second quarter worth about $40,000. Allworth Financial LP purchased a new stake in Astronics during the 2nd quarter valued at about $46,000. Finally, Blue Bell Private Wealth Management LLC purchased a new stake in Astronics during the 3rd quarter valued at about $48,000. Institutional investors and hedge funds own 56.68% of the company's stock.

Astronics News Roundup

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.

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