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Public Employees Retirement System of Ohio acquired a new stake in shares of Astronics Corporation (NASDAQ: ATRO) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 17,936 shares of the aerospace company's stock, valued at approximately $1,457,000. A number of other
Life has two constants: death and taxes. But if you were to add a third, it might be the U.S. military expanding its annual budget.
ATRO benefits from commercial aerospace recovery and defense demand, with record backlog, strong earnings growth and a discounted valuation.
EAST AURORA, N.Y.--(BUSINESS WIRE)--Astronics Corporation (Nasdaq: ATRO) to Webcast Presentation at the Jefferies Industrials Conference.
AIR, ATRO and DCO stand out as mid-sized defense stocks, backed by rising spending and strong earnings growth.
Does Astronics Corporation (ATRO) have what it takes to be a top stock pick for momentum investors? Let's find out.
Astronics is a buy, supported by strong Q2 results, record bookings, and expanding margins in specialized aerospace niches. ATRO delivered 27% YoY revenue growth, record net income, and raised full-year guidance to $1.02–$1.04 billion, with margins rising sharply. A record backlog of $780.6 million, with 82% expected to convert to revenue within 12 months, underpins near-term growth and profit expansion.
Astronics Corporation (ATRO) shares have started gaining and might continue moving higher in the near term, as indicated by solid earnings estimate revisions.