Astronics (NASDAQ:ATRO) coverage initiated by analysts at KeyCorp. October 23, 2026 Key points. * KeyCorp initiated coverage of Astronics with a "sector weight" rating, while the broader analyst consensus remains "Moderate Buy" with an average price target of $89.58. * Astronics shares opened at $59.20, down 4.2%, and are trading below both their 50-day and 200-day moving averages. The stock has a 12-month range of $34.58 to $94.46. * The company's latest quarterly results exceeded expectations, with EPS of $0.70 versus a $0.59 consensus estimate and revenue of $259.96 million, up 46.9% year over year. * Get every upgrade, downgrade, and earnings report on Astronics as it happens. Lock in MarketBeat All Access for $149 a year through October 30. KeyCorp started coverage on shares of Astronics (NASDAQ:ATRO - Get Free Report) in a research report issued on Thursday, Marketbeat.com reports. The firm set a "sector weight" rating on the aerospace company's stock. A number of other brokerages have also issued reports on ATRO. Weiss Ratings lowered Astronics from a "buy (b-)" rating to a "hold (c+)" rating in a research report on Thursday, October 8th. Wall Street Zen raised Astronics from a "buy" rating to a "strong-buy" rating in a research report on Sunday, August 16th. Zacks Research lowered Astronics from a "strong-buy" rating to a "hold" rating in a research report on Monday, September 7th. Finally, TD Cowen reaffirmed a "buy" rating and set a $90.00 target price (down from $100.00) on shares of Astronics in a research report on Friday, October 9th. Two research analysts have rated the stock with a Strong Buy rating, two have given a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $89.58. Astronics stock down 4.2%. Shares of Astronics stock opened at $59.20 on Thursday. The stock's fifty day moving average is $70.80 and its 200-day moving average is $70.47. The firm has a market capitalization of $2.55 billion, a PE ratio of 34.82 and a beta of 1.25. The company has a quick ratio of 1.63, a current ratio of 2.97 and a debt-to-equity ratio of 1.57. Astronics has a 12-month low of $34.58 and a 12-month high of $94.46. Astronics (NASDAQ:ATRO - Get Free Report) last announced its earnings results on Tuesday, August 11th. The aerospace company reported $0.70 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.59 by $0.11. The company had revenue of $259.96 million for the quarter, compared to analyst estimates of $245.30 million. Astronics had a return on equity of 67.69% and a net margin of 8.40%. Astronics's revenue for the quarter was up 46.9% compared to the same quarter last year. Equities analysts anticipate that Astronics will post 2.72 earnings per share for the current year. Institutional inflows and outflows. Several large investors have recently bought and sold shares of the business. Farther Finance Advisors LLC raised its position in Astronics by 26.6% during the third quarter. Farther Finance Advisors LLC now owns 857 shares of the aerospace company's stock valued at $58,000 after buying an additional 180 shares during the period. Nykredit A S acquired a new position in Astronics during the second quarter valued at $40,000. Fifth Third Bancorp grew its stake in 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 purchasing an additional 500 shares in the last quarter. Petra Financial Advisors Inc. grew its stake in Astronics by 5.3% in the first quarter. Petra Financial Advisors Inc. now owns 10,311 shares of the aerospace company's stock valued at $688,000 after purchasing an additional 519 shares in the last quarter. Finally, Optiver Holding B.V. grew its stake in Astronics by 3,921.4% in the first quarter. Optiver Holding B.V. now owns 563 shares of the aerospace company's stock valued at $38,000 after purchasing an additional 549 shares in the last quarter. 56.68% of the stock is owned by institutional investors and hedge funds. About Astronics. Astronics Corporation is a aerospace and defense company that designs and manufactures advanced technologies for commercial, military and business aircraft. Its products and systems are used by original equipment manufacturers, airlines, aircraft operators and defense contractors. The company's offerings include aircraft electrical power systems, lighting and cabin-management systems, connectivity and inflight entertainment equipment, avionics and specialized aerospace components. Astronics also develops automated test systems and related equipment used to test and support electronic systems in the aerospace, defense and other high-technology industries. Founded in 1968 and headquartered in East Aurora, New York, Astronics serves customers in the United States and international markets through its manufacturing and engineering operations. Before you consider Astronics, you'll want to hear this. MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Astronics wasn't on the list. While Astronics currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys. Discover the next wave of investment opportunities with our report, 7 Stocks That Will Be Magnificent in 2026. Explore companies poised to replicate the growth, innovation, and value creation of the tech giants dominating today's markets. Continue following MarketBeat

Astronics, a provider of technologies and services to the global aerospace, defence, and electronics industries, has gained 16% over the last six months, matching the S&P 500's 16.3% return. The stock currently trades at $67.50 per share. The company, which integrates power outlets into Boeing aircraft, has demonstrated strong performance across several metrics. Over the past five years, Astronics grew its sales at a 16.5% compound annual growth rate, outpacing average industrials companies. The firm's free cash flow margin expanded by 10.3 percentage points over five years, reaching 6.4% for the trailing 12 months. Its return on invested capital has also increased, though this improvement partly reflects recovery from the COVID era.