Astronics Corporation (ATRO)
Sector: Industrials
Industry: Aerospace & Defense
Website: https://www.astronics.com
Phone: 716 805 1599
Address: 130 Commerce Way, East Aurora, NY 14052, United States
Astronics Corporation designs and manufactures products for the aerospace, defense, and electronics industries. The company operates in two segments: Aerospace and Test Systems. The Aerospace segment offers lighting and safety systems, electrical power generation systems, distribution and seat motions systems, aircraft structures, avionics products, system certification, and other products. The Test Systems segment designs, develops, manufactures, and maintains automated test systems that support the aerospace and defense industries.
Financial Highlights
- Market Cap: $627.77 million
- P/E Ratio: 15.82
- Dividend Yield: 0.0%
- Profit Margin: -3.83%
Stock Performance
- Previous Close: $18.46
- Open: $18.63
- Day Range: $18.16 – $18.63
- 52-Week Range: $12.41 – $22.44
- Volume: 99,044 shares
- Average Volume (10 days): 138,870 shares
Key Executives
- Chairman, CEO & President: Peter J. Gundermann
- Executive VP of Finance, CFO & Treasurer: David C. Burney
- Executive VP & President of Luminescent Systems Inc.: James S. Kramer
- Executive VP & President of Aerospace Segment: Mark A. Peabody
- Executive VP & President of Astronics Test Systems, Inc.: James F. Mulato
- Executive VP and President of Astronics Connectivity Systems & Certification Corp.: Michael C. Kuehn
- Corporate Controller & Principal Accounting Officer: Nancy L. Hedges
- Secretary: Julie M. Davis
Company Overview
Astronics Corporation, through its subsidiaries, designs and manufactures products for the aerospace, defense, and electronics industries in the United States and internationally. The company operates in two segments, Aerospace and Test Systems.
The Aerospace segment offers lighting and safety systems, electrical power generation systems, distribution and seat motions systems, aircraft structures, avionics products, system certification, and other products. This segment serves airframe manufacturers (OEM) that build aircraft for the commercial, military, and general aviation markets; suppliers to OEMs; and aircraft operators, such as airlines; suppliers to the aircraft operators; and branches of the U.S. Department of Defense.
The Test Systems segment designs, develops, manufactures, and maintains automated test systems that support the aerospace and defense industries, as well as training and simulation devices for commercial and military applications. It serves OEMs and prime government contractors for electronics and military products.
Astronics Corporation was incorporated in 1968 and is headquartered in East Aurora, New York. The company has approximately 2,500 full-time employees.
Financial Analysis and Stock Prediction
Astronics Corporation has a market capitalization of $627.77 million and a forward P/E ratio of 15.82. The company has a negative profit margin of -3.83% and does not pay dividends.
The stock has a 52-week range of $12.41 to $22.44 and closed at $18.46. The average daily trading volume is 137,044 shares.
The company's financial performance has been mixed, with a negative profit margin and declining revenue growth of -3.5% in the last year. The company also has a high debt-to-equity ratio of 79.3%.
Based on these financial indicators, it is recommended to hold the stock for now and monitor its performance closely.
Historical Stock Performance
Over the past year, Astronics Corporation's stock has shown a positive 52-week change of 38.3%, outperforming the S&P 500 index's 31.4% change during the same period.
Analyst Opinions
According to Bloomberg, there are 3 analyst opinions on Astronics Corporation, with a consensus recommendation of "hold". The target price range is $21.00 to $26.00, with a mean target price of $22.67.
Key Risks and Impacts
Astronics Corporation operates in the aerospace and defense industry, which is subject to risks such as changes in government defense spending, geopolitical tensions, and regulatory challenges. The company's financial performance is also dependent on the demand for aircraft and related products.
The COVID-19 pandemic has had a significant impact on the aerospace industry, leading to reduced demand for air travel and delays in aircraft orders. This has affected the company's revenue and profitability.
Furthermore, Astronics Corporation has a high debt-to-equity ratio, which may limit its financial flexibility and ability to invest in growth opportunities.
Conclusion
Astronics Corporation is a leading provider of aerospace and defense products, serving major OEMs and government contractors. The company's financial performance has been mixed, with a negative profit margin and declining revenue growth. The stock has shown positive performance over the past year, but it is recommended to hold the stock and monitor its performance closely. The COVID-19 pandemic and high debt levels pose risks to the company's financial stability and growth prospects.
