Latest news with #Astronics
Yahoo
2 days ago
- Business
- Yahoo
Why Astronics (ATRO) Stock Is Trading Lower Today
Shares of aerospace and defense technology solutions provider Astronics Corporation (NASDAQ:ATRO) fell 3% in the afternoon session after the stock appeared to be taking a breather as investors engaged in profit-taking following a significant rally in the prior trading session. The stock surged over 16% on Friday after Truist Securities upgraded its rating to "Buy" from "Hold" and substantially raised its price target to $49 from $32. The upgrade was driven by the company's growing business with Boeing's 737 MAX program. Despite the recent optimism, some analysts point to underlying concerns. A recent report highlighted the company's "elevated debt levels and stagnant near-term earnings estimate revisions" as potential risks for investors. This morning's downturn may reflect some investors cashing in on the recent gains, possibly weighing the bullish analyst outlook against these cautionary notes. The stock market overreacts to news, and big price drops can present good opportunities to buy high-quality stocks. Is now the time to buy Astronics? Access our full analysis report here, it's free. Astronics's shares are very volatile and have had 26 moves greater than 5% over the last year. In that context, today's move indicates the market considers this news meaningful but not something that would fundamentally change its perception of the business. Astronics is up 123% since the beginning of the year, and at $35.28 per share, it is trading close to its 52-week high of $36.11 from July 2025. Investors who bought $1,000 worth of Astronics's shares 5 years ago would now be looking at an investment worth $3,838. Here at StockStory, we certainly understand the potential of thematic investing. Diverse winners from Microsoft (MSFT) to Alphabet (GOOG), Coca-Cola (KO) to Monster Beverage (MNST) could all have been identified as promising growth stories with a megatrend driving the growth. So, in that spirit, we've identified a relatively under-the-radar profitable growth stock benefiting from the rise of AI, available to you FREE via this link.
Globe and Mail
08-07-2025
- Business
- Globe and Mail
Astronics Corporation Augments FAA Certification Services with Acquisition of Envoy Aerospace
Astronics Corporation (Nasdaq: ATRO), a leading provider of advanced technologies for global aerospace, defense, and other mission critical industries, announced today the acquisition of Envoy Aerospace, an FAA Organization Designation Authorization (ODA) services provider. This strategic acquisition enhances Astronics' capabilities in aircraft connectivity, in-seat power, and cabin modifications. FAA Organizational Designation Authorization (ODA) streamlines the process of obtaining FAA Supplemental Type Certificates (STCs) and Parts Manufacturer Approvals (PMAs) for Astronics' products and systems. This added capability positions Astronics to benefit from pent-up demand for aircraft modifications for connectivity, cabin reconfigurations, and lease returns, in a time when ODA services availability is limited. The transaction is valued at approximately $8 million and includes the addition of nine Envoy Aerospace employees to the Astronics team. Envoy Aerospace, a long-standing and highly experienced ODA, has built a strong reputation based on trust and exceptional service in aircraft and rotorcraft type certification solutions. Envoy Aerospace specializes in helping clients obtain U.S. FAA STCs for major design changes, providing design approvals for new product PMAs, and assisting clients in foreign type approval of their modification programs. Ongoing and future Envoy programs will remain a focus as Astronics integrates the team and capabilities into its broader operations. 'Envoy Aerospace's extensive experience and trusted reputation as an ODA make them a perfect fit for Astronics, supporting our strategic thrust for Inflight Entertainment and Connectivity,' said Mike Kuehn, President of Astronics Connectivity Systems and Certifications (CSC). 'This will enable dedicated access to ODA services for our collective Astronics and Envoy customers to obtain FAA STCs and PMAs for our products.' 'We're honored to welcome Envoy's talented team into the Astronics family and to build on their proven success. We value the relationships with current Envoy Aerospace customers and look forward to further strengthening these partnerships under the Astronics umbrella." Adrian Honer, Partner at Envoy Aerospace, added, 'Envoy has worked with Astronics for more than two decades, making this partnership a natural next step. Joining the Astronics team aligns with our mission to advance aviation safety and innovation. We remain committed to delivering exceptional service in aircraft and rotorcraft type certification as we look to expand our capabilities and reach new milestones together. Together, we're excited to grow and further strengthen a highly skilled ODA services team.' For more information on Astronics and its solutions, visit the Astronics website. ABOUT ASTRONICS CORPORATION Astronics Corporation (Nasdaq: ATRO) serves the world's aerospace, defense, and other mission critical industries with proven, innovative technology solutions. Astronics works side-by-side with customers, integrating its array of power, connectivity, lighting, structures, interiors, and test technologies to solve complex challenges. For over 50 years, Astronics has delivered creative, customer-focused solutions with exceptional responsiveness. Today, global airframe manufacturers, airlines, militaries, completion centers and Fortune 500 companies rely on the collaborative spirit and innovation of Astronics. The Company's strategy is to increase its value by developing technologies and capabilities that provide innovative solutions to its targeted markets. For more information on Astronics and its solutions, visit Safe Harbor Statement This news release contains forward-looking statements within the meaning of the Securities Exchange Act of 1934, as amended. These statements include, but are not limited to, statements regarding the anticipated benefits of the acquisition of Envoy Aerospace, including the expected impact on Astronics' ODA capabilities, product certification processes, customer relationships, and market opportunities in connectivity, in-seat power, and cabin modification. Forward-looking statements are typically identified by words such as "expect," "anticipate," "intend," "plan," "believe," "will," "should," "estimate," and similar expressions. Such statements are based on the current expectations, estimates, and projections of management and involve assumptions and uncertainties that are difficult to predict. Actual results may differ materially due to a variety of factors, including, but not limited to, integration risks, changes in customer demand, the timing and execution of aircraft modification projects, regulatory approvals, global supply chain constraints, the health of the commercial aerospace market, and other risks detailed in the Company's filings with the Securities and Exchange Commission. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof. Except as required by law, Astronics undertakes no obligation to update or revise any forward-looking statements to reflect subsequent events or circumstances
Business Wire
08-07-2025
- Business
- Business Wire
Astronics Corporation Augments FAA Certification Services with Acquisition of Envoy Aerospace
BUSINESS WIRE)-- Astronics Corporation (Nasdaq: ATRO), a leading provider of advanced technologies for global aerospace, defense, and other mission critical industries, announced today the acquisition of Envoy Aerospace, an FAA Organization Designation Authorization (ODA) services provider. This strategic acquisition enhances Astronics' capabilities in aircraft connectivity, in-seat power, and cabin modifications. FAA Organizational Designation Authorization (ODA) streamlines the process of obtaining FAA Supplemental Type Certificates (STCs) and Parts Manufacturer Approvals (PMAs) for Astronics' products and systems. This added capability positions Astronics to benefit from pent-up demand for aircraft modifications for connectivity, cabin reconfigurations, and lease returns, in a time when ODA services availability is limited. The transaction is valued at approximately $8 million and includes the addition of nine Envoy Aerospace employees to the Astronics team. Envoy Aerospace, a long-standing and highly experienced ODA, has built a strong reputation based on trust and exceptional service in aircraft and rotorcraft type certification solutions. Envoy Aerospace specializes in helping clients obtain U.S. FAA STCs for major design changes, providing design approvals for new product PMAs, and assisting clients in foreign type approval of their modification programs. Ongoing and future Envoy programs will remain a focus as Astronics integrates the team and capabilities into its broader operations. 'Envoy Aerospace's extensive experience and trusted reputation as an ODA make them a perfect fit for Astronics, supporting our strategic thrust for Inflight Entertainment and Connectivity,' said Mike Kuehn, President of Astronics Connectivity Systems and Certifications (CSC). 'This will enable dedicated access to ODA services for our collective Astronics and Envoy customers to obtain FAA STCs and PMAs for our products.' 'We're honored to welcome Envoy's talented team into the Astronics family and to build on their proven success. We value the relationships with current Envoy Aerospace customers and look forward to further strengthening these partnerships under the Astronics umbrella." Adrian Honer, Partner at Envoy Aerospace, added, 'Envoy has worked with Astronics for more than two decades, making this partnership a natural next step. Joining the Astronics team aligns with our mission to advance aviation safety and innovation. We remain committed to delivering exceptional service in aircraft and rotorcraft type certification as we look to expand our capabilities and reach new milestones together. Together, we're excited to grow and further strengthen a highly skilled ODA services team.' For more information on Astronics and its solutions, visit the Astronics website. ABOUT ASTRONICS CORPORATION Astronics Corporation (Nasdaq: ATRO) serves the world's aerospace, defense, and other mission critical industries with proven, innovative technology solutions. Astronics works side-by-side with customers, integrating its array of power, connectivity, lighting, structures, interiors, and test technologies to solve complex challenges. For over 50 years, Astronics has delivered creative, customer-focused solutions with exceptional responsiveness. Today, global airframe manufacturers, airlines, militaries, completion centers and Fortune 500 companies rely on the collaborative spirit and innovation of Astronics. The Company's strategy is to increase its value by developing technologies and capabilities that provide innovative solutions to its targeted markets. For more information on Astronics and its solutions, visit Safe Harbor Statement This news release contains forward-looking statements within the meaning of the Securities Exchange Act of 1934, as amended. These statements include, but are not limited to, statements regarding the anticipated benefits of the acquisition of Envoy Aerospace, including the expected impact on Astronics' ODA capabilities, product certification processes, customer relationships, and market opportunities in connectivity, in-seat power, and cabin modification. Forward-looking statements are typically identified by words such as "expect," "anticipate," "intend," "plan," "believe," "will," "should," "estimate," and similar expressions. Such statements are based on the current expectations, estimates, and projections of management and involve assumptions and uncertainties that are difficult to predict. Actual results may differ materially due to a variety of factors, including, but not limited to, integration risks, changes in customer demand, the timing and execution of aircraft modification projects, regulatory approvals, global supply chain constraints, the health of the commercial aerospace market, and other risks detailed in the Company's filings with the Securities and Exchange Commission. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof. Except as required by law, Astronics undertakes no obligation to update or revise any forward-looking statements to reflect subsequent events or circumstances
Yahoo
30-06-2025
- Business
- Yahoo
Astronics vs. Heico: Which Aerospace Tech Stock Has More Lift in 2025?
Increasing commercial aircraft production, driven by steadily growing global air traffic, combined with robust growth in aftermarket services, is fueling demand for aerospace technology stocks, such as Astronics Corporation ATRO and HEICO Corporation HEI. Simultaneously, heightened geopolitical tensions are prompting increased defense budgets worldwide, thereby driving demand for advanced avionics, electronic and power systems, as well as other aerospace components for varied combat aircraft, which are supplied by both ATRO and HEI. Astronics focuses on designing and manufacturing advanced technologies in electrical power, lighting, connectivity, and cabin electronics, serving both commercial airlines and military customers. Its niche offerings in inflight entertainment and power systems cater to the growing need for smarter, more connected aircraft cabins. HEICO, by contrast, is the world's largest independent aerospace parts manufacturer and supplier of jet engines and aircraft components. As aerospace electrification, digitalization, and global fleet expansion draw investor interest, a question arises: Which company offers better returns and resilience to its stakeholders? A comparative evaluation of ATRO and HEI's fundamentals should help determine which stock presents greater upside potential. Astronics ended March 2025 with a cash and cash equivalent of $26 million. While its long-term debt totaled $160 million, as of March 2025-end, its current debt was nil. So, it is safe to conclude that the stock boasts a solid solvency position in the near term, which should enable it to duly meet its capital expenditure target of $35-$40 million in 2025. A major part of this investment is expected to be dedicated to new product innovations to effectively expand core competency in its existing business. This financial stability should also bolster ATRO's strategy of enhancing its value through strategic acquisitions. In contrast, Heico's cash and cash equivalents, as of April 30, 2025, totaled $0.24 billion, which improved sequentially. The company's long-term debt, as of April 30, 2025, was $2.27 billion, while its current debt was $0.04 billion. So, it is safe to conclude that Heico holds a strong solvency position in the short run, which should offer the stock the flexibility to carry on its disciplined acquisition strategy, which has always been part of its growth story. With respect to growth drivers, the steadily improving air passenger traffic worldwide (for the past couple of years), following a major setback during the initial years of the COVID-19 pandemic, has been playing the role of the primary growth catalyst for both ATRO and HEI. Evidently, Astronics registered an 11.3% year-over-year sales improvement in first-quarter 2025, partially backed by a solid 13.3% surge in its sales to the commercial transport market. Heico's Flight Support group unit recorded a solid 14% organic sales growth, during fiscal second-quarter 2025, owing to continued increase in commercial aerospace product sales. Sales growth for defense-related aerospace parts and equipment, backed by increasing defense product acquisition trend worldwide, has also been contributing to both ATRO and HEI's top-line performance. Notably, an impressive 94.8% improvement in sales to the military aircraft market partially drove the 11.3% year-over-year overall sales improvement for ATRO in the first quarter of 2025. On the other hand, increased demand for defense products played a vital role in HEI's Electronic Technologies Group unit's organic sales growth of 4% in the fiscal second quarter. With ATRO and HEI operating in the broader aerospace sector, both stocks face industry-specific challenges that investors should consider before investing in them. In 2025, while both Boeing BA and Airbus have signaled intentions to increase aircraft production rates compared to 2024, actual growth so far has been slower than anticipated and remains below pre-pandemic levels. This shortfall is primarily due to ongoing supply-chain disruptions, an issue that continues to affect component suppliers like ATRO and HEI. Given that both companies count Boeing and Airbus among their key OEM clients, the limited availability of critical parts and the resulting delays in aircraft assembly could suppress demand for the specialized equipment and systems supplied by ATRO and HEI. Consequently, this may weigh on their commercial aerospace revenue growth in the near term. Moreover, the recently imposed U.S. import tariffs on many of the nation's trading partners could cause long-term disruptions in global trade, with the aerospace sector being no exception, thus further exacerbating this sector's supply-chain challenges. This, in turn, may negatively impact the commercial aerospace business of both ATRO and HEI. The Zacks Consensus Estimate for ATRO's 2025 sales and earnings per share (EPS) implies an improvement of 6.4% and 37.6%, respectively, from the year-ago quarter's reported figures. ATRO's near-term EPS estimates have shown an upward movement over the past 60 days. Image Source: Zacks Investment Research The Zacks Consensus Estimate for HEI's fiscal 2025 sales implies a year-over-year improvement of 13.2%, while that for EPS suggests a 23.4% surge. The stock's near-term EPS estimates have shown upward movement over the past 60 days. Image Source: Zacks Investment Research ATRO (up 38.4%) has outperformed HEI (up 21.9%) over the past three months. Also, in the past year, ATRO has outperformed HEI. While ATRO's shares surged 69.8%, HEI rose 47.6%. Image Source: Zacks Investment Research Astronics is trading at a discount, with its forward 12-month price/earnings of 20.01X being lower than HEI's forward price/earnings of 66.07X. Image Source: Zacks Investment Research Given that these stocks are facing the brunt of the supply-chain challenge, which is still affecting the aerospace sector, a comparative analysis of their long-term debt-to-capital suggests that ATRO is less debt-ridden than HEI. Image Source: Zacks Investment Research A comparative analysis of both these stocks' Return on Equity (ROE) suggests that ATRO is more efficient at generating profits from its equity base than HEI. Image Source: Zacks Investment Research Both Astronics and Heico are poised to benefit from long-term aerospace trends, such as electrification, defense modernization and global fleet expansion. ATRO has demonstrated stronger recent stock performance and a better ROE, reflecting more efficient capital utilization. It is also less leveraged, which is advantageous in a supply–chain–constrained environment. While HEI benefits from scale and a proven acquisition-driven growth model, its higher debt levels and premium valuation may limit near-term upside. Considering ATRO's improving financials and relatively attractive valuation, Astronics currently appears to offer a more compelling investment opportunity than Heico for investors seeking growth with a margin of safety. That said, HEI's consistent performance and strong fundamentals ensure it remains a solid investment contender in the aerospace space. Both ATRO and HEI sport a Zacks Rank #1 (Strong Buy) at present. You can see the complete list of today's Zacks Rank #1 stocks here. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report The Boeing Company (BA) : Free Stock Analysis Report Astronics Corporation (ATRO) : Free Stock Analysis Report Heico Corporation (HEI) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
27-06-2025
- Business
- Yahoo
Zacks.com featured highlights Deutsche Bank, Juniper Networks, Astronics and Federated Hermes
Chicago, IL – June 27, 2025 – The stocks in this week's article are Deutsche Bank DB, Juniper Networks JNPR, Astronics ATRO and Federated Hermes FHI. Stocks hitting their 52-week high and delivering consistent performance offer attractive opportunities to investors while building a portfolio. This is because stocks near that level are perceived to be winners. However, stocks touching a new 52-week high are often predisposed to profit-taking, resulting in pullbacks and trend reversals. Moreover, given the high price, investors often wonder if the stock is overpriced. While the speculations are not absolutely baseless, all stocks hitting a 52-week high are not necessarily overpriced. In fact, investors might lose out on top gainers in an attempt to avoid the steep such as Deutsche Bank, Juniper Networks, Astronics and Federated Hermes are expected to maintain their momentum and keep scaling new highs. Extensive information on a stock is necessary to understand whether or not there is scope for further upside. Here, we discuss a strategy to find the right stocks. The strategy borrows from the basics of momentum investing. This technique bets on 'buy high, sell higher.' Many times, stocks that hit a 52-week high fail to scale higher despite having potential. This is because investors fear that the stocks are overvalued and expect the price to crash. In fact, overvaluation is natural for most of these stocks as investors' focus (or willingness to pay a premium) has helped them reach the level. But that does not always indicate an impending decline. Factors such as robust sales, surging profit levels, earnings growth prospects and strategic acquisitions that encourage investors to bet on these stocks could keep them motivated if there is no tangible negative. In other words, the momentum might continue. Also, when a string of positive developments dominates the market, investors find their under-reaction unwarranted, even if there are no company-specific driving forces. Here are four stocks, each sporting a Zacks Rank #1, out of the 14 that made it through the screen: Deutsche Bank Aktiengesellschaft continues to benefit from a well-diversified and steadily expanding deposit base. Over the last three years ending 2024, deposits recorded a compound annual growth rate (CAGR) of 3.3%, reflecting stable inflows and client trust across both retail and corporate channels. As of March 31, 2025, total deposits were €665 billion, reflecting year-over-year growth. The stable deposit balance will strengthen the company's balance sheet. The bank maintains a sound liquidity position, with a liquidity coverage ratio of 134% as of March 31, 2025. Its cash, central bank, and interbank balances totaled €159 billion, compared with only €15.1 billion in short-term borrowings. DB has embarked on a digital transformation drive, focusing on cloud migration, AI, and automation to enhance operational efficiency and client services. In May 2025, Deutsche Bank reinforced its strategic partnership with International Business Machines Corporation (IBM) through a new license agreement, gaining greater access to IBM's advanced software solutions, including the watsonx AI portfolio, to streamline workflows, reduce costs, and enhance client services. The Zacks Consensus Estimate for DB's 2025 earnings has moved north by 5.9% to $3.39 per share in the past 30 days. The company surpassed the Zacks Consensus Estimate in two of the trailing four quarters while missing the same twice, the average negative surprise being 66.85%. Juniper is leveraging the 400-gig cycle to capture hyperscale switching opportunities inside the data center. The company is set to capitalize on the increasing demand for data center virtualization, cloud computing and mobile traffic packet/optical convergence. It offers suites of products such as the T4000 core router, QFX data center platform, ACX and PTX packet/optical solution, among others. Juniper is taking significant steps to enhance the adoption of its AI-Native Networking Platform through the introduction of its Blueprint for AI-Native Acceleration. This comprehensive framework is designed to simplify and accelerate the deployment and utilization of AI-driven networking solutions, benefiting enterprises across various sectors. By leveraging Juniper's AI-Native Networking Platform, organizations can expect up to an 85% reduction in operational expenses and a 90% decrease in network trouble tickets. The Zacks Consensus Estimate for JNPR's 2025 earnings has remained steady at $2.08 per share in the past 30 days. The company surpassed the Zacks Consensus Estimate in three of the trailing four quarters while missing the same once, the average negative surprise being 1.31%. Astronics is a manufacturer of specialized lighting and electronics for the cockpit, cabin and exteriors of military, commercial transport and private business jet aircraft. Higher commercial transport sales, primarily related to increased demand from airlines for cabin power and in-flight entertainment as well as connectivity products, backed by growing global commercial air traffic, are expected to bolster ATRO's Aerospace business segment's sales. Higher sales from military aircraft markets, backed by enhanced geopolitical tensions worldwide, are likely to aid this unit's sales growth in the near term. Expanding commercial air traffic worldwide remains a major growth catalyst for ATRO. ATRO also enjoys a solid presence in the defense industry, which provides its portfolio with a diversified cushion against any crisis. Evidently, ATRO made good progress last year in its contract for the U.S. Army Future Long Range Assault Aircraft ('FLRAA') program. With prototypes for this program expected to fly in 2026, the development stage of FLRAA is projected to generate $60-$65 million over the next couple of years for ATRO. The Zacks Consensus Estimate for ATRO's 2025 earnings has remained steady at $1.50 per share in the past 30 days. It has a trailing four-quarter earnings surprise of 55.64%, on average. Federated Hermes is well-positioned to gain from its steady improvement in assets under management (AUM). Backed by a diverse asset mix and strategic acquisitions, the company continues to expand its market presence. Additionally, its decent liquidity position supports sustainable capital distribution activities, reinforcing shareholder value. Federated continues to strengthen its foothold in the money market business, with assets reaching a record $637.1 billion as of March 31, 2025, up 10.1% year over year. Increased money market AUM is expected to provide new fund offerings, benefiting both institutional and retail clients. Also, strategic acquisitions of money market assets depict the buoyancy of Federated in the money market business. Federated maintains a solid financial position, ensuring financial stability and flexibility. As of March 31, 2025, the company's cash and other investments totaled $541.8 million, while long-term debt remained manageable at $348.2 million. The Zacks Consensus Estimate for FHI's 2025 earnings has remained steady at $4.28 per share in the past 30 days. It has a trailing four-quarter earnings surprise of 13.08%, on average. Get the rest of the stocks on the list and start putting this and other ideas to the test. It can all be done with the Research Wizard stock picking and back-testing software. The Research Wizard is a great place to begin. It's easy to use. Everything is in plain language. And it's very intuitive. Start your trial to the Research Wizard today. And the next time you read an economic report, open up the Research Wizard, plug your finds in, and see what gems come out. Click here to sign up for a free trial to the Research Wizard today. For the rest of this Screen of the Week article please visit at: Follow us on Twitter: Join us on Facebook: Zacks Investment Research is under common control with affiliated entities (including a broker-dealer and an investment adviser), which may engage in transactions involving the foregoing securities for the clients of such affiliates. Contact: Jim Giaquinto Company: Phone: 312-265-9268 Email: pr@ Visit: provides investment resources and informs you of these resources, which you may choose to use in making your own investment decisions. Zacks is providing information on this resource to you subject to the Zacks "Terms and Conditions of Service" disclaimer. Past performance is no guarantee of future results. Inherent in any investment is the potential for loss. This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit for information about the performance numbers displayed in this press release. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Deutsche Bank Aktiengesellschaft (DB) : Free Stock Analysis Report Juniper Networks, Inc. (JNPR) : Free Stock Analysis Report Astronics Corporation (ATRO) : Free Stock Analysis Report Federated Hermes, Inc. (FHI) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research
