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Astronics Corporation (ATRO)



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Upturn Advisory Summary
09/12/2025: ATRO (4-star) is a STRONG-BUY. BUY since 7 days. Simulated Profits (2.12%). Updated daily EoD!
1 Year Target Price $41.5
1 Year Target Price $41.5
0 | Strong Buy |
1 | Buy |
2 | Hold |
0 | Sell |
0 | Strong Sell |
Analysis of Past Performance
Type Stock | Historic Profit 62.31% | Avg. Invested days 39 | Today’s Advisory Strong Buy |
Upturn Star Rating ![]() ![]() | Upturn Advisory Performance ![]() | Stock Returns Performance ![]() |
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Key Highlights
Company Size Small-Cap Stock | Market Capitalization 1.43B USD | Price to earnings Ratio - | 1Y Target Price 41.5 |
Price to earnings Ratio - | 1Y Target Price 41.5 | ||
Volume (30-day avg) 3 | Beta 1.69 | 52 Weeks Range 14.13 - 46.61 | Updated Date 09/14/2025 |
52 Weeks Range 14.13 - 46.61 | Updated Date 09/14/2025 | ||
Dividends yield (FY) - | Basic EPS (TTM) -0.11 |
Analyzing Revenue: Products, Geography and Growth
Revenue by Products
Product revenue - Year on Year
Revenue by Geography
Geography revenue - Year on Year
Earnings Date
Report Date - | When - | Estimate - | Actual - |
Profitability
Profit Margin -0.45% | Operating Margin (TTM) 4.03% |
Management Effectiveness
Return on Assets (TTM) 3.57% | Return on Equity (TTM) -1.41% |
Valuation
Trailing PE - | Forward PE 46.95 | Enterprise Value 1609825897 | Price to Sales(TTM) 1.73 |
Enterprise Value 1609825897 | Price to Sales(TTM) 1.73 | ||
Enterprise Value to Revenue 1.96 | Enterprise Value to EBITDA 27.73 | Shares Outstanding 31073800 | Shares Floating 31060830 |
Shares Outstanding 31073800 | Shares Floating 31060830 | ||
Percent Insiders 2.2 | Percent Institutions 97.19 |
Upturn AI SWOT
Astronics Corporation

Company Overview
History and Background
Astronics Corporation was founded in 1968. Initially focused on lighting and safety systems for aircraft, it has expanded through organic growth and acquisitions to become a provider of advanced technologies for the aerospace, defense, and other mission-critical industries.
Core Business Areas
- Aerospace: Develops and manufactures lighting and safety systems, electrical power generation and distribution, avionics, and other aircraft-related technologies for commercial, business, and military aircraft.
- Test Systems: Designs, develops, and manufactures automated test systems, radio test systems, and power supplies for various industries including aerospace, defense, communications, and medical.
- Defense: Focuses on producing advanced power systems and electronics for military and defense applications.
Leadership and Structure
Peter J. Gundermann is the Chairman, President, and CEO. The company operates with a functional organizational structure, with different divisions focused on aerospace, test systems, and defense products.
Top Products and Market Share
Key Offerings
- In-Flight Entertainment (IFE) Power Systems: Provides power solutions for IFE systems, market share is difficult to pinpoint precisely but Astronics is a major player in this sector. Competitors include KID Systeme, Thales, and Panasonic Avionics.
- Lighting and Safety Systems: Offers interior and exterior lighting and emergency lighting systems. Market share is fragmented, Astronics is one of the major players. Competitors include Collins Aerospace, Diehl Aviation, and Safran.
- Automated Test Equipment (ATE): Designs and manufactures ATE systems for various applications, a large competitor in this market. Market share fluctuates with large contracts. Competitors include Keysight Technologies and National Instruments.
Market Dynamics
Industry Overview
The aerospace and defense industries are growing, driven by increased air travel, defense spending, and technological advancements. The test systems market is also expanding due to the increasing complexity of electronic devices and the need for automated testing solutions.
Positioning
Astronics is positioned as a provider of niche technologies and solutions for the aerospace, defense, and test systems markets. It differentiates itself through its engineering expertise, product quality, and customer service.
Total Addressable Market (TAM)
Estimated TAM for Astronics' segments is in the billions of dollars. The company is well-positioned to capture a significant portion of the market by focusing on its core competencies and expanding its product offerings.
Upturn SWOT Analysis
Strengths
- Strong engineering capabilities
- Diversified product portfolio
- Established relationships with key customers
- Focus on high-value-added products
Weaknesses
- Dependence on the aerospace and defense industries
- Exposure to cyclical market conditions
- High R&D costs
- Smaller size compared to major competitors
Opportunities
- Increasing demand for air travel
- Rising defense spending
- Adoption of new technologies
- Expansion into emerging markets
Threats
- Economic downturns
- Geopolitical instability
- Intense competition
- Technological obsolescence
Competitors and Market Share
Key Competitors
- HEI
- LDOS
- TXT
Competitive Landscape
Astronics faces competition from larger, more established players in the aerospace, defense, and test systems markets. However, it differentiates itself through its focus on niche technologies, engineering expertise, and customer service.
Major Acquisitions
DMC-Design
- Year: 2016
- Acquisition Price (USD millions): 20
- Strategic Rationale: Enhanced engineering capabilities and expanded product offerings in the IFE power systems market.
Growth Trajectory and Initiatives
Historical Growth: Astronics has grown through organic expansion and acquisitions, experiencing periods of rapid growth followed by periods of slower growth or decline, mirroring the cyclical nature of the aerospace and defense industries.
Future Projections: Analyst projections for Astronics' future growth vary, with some expecting moderate growth driven by increased air travel and defense spending, while others are more cautious due to economic uncertainty and competitive pressures.
Recent Initiatives: Recent initiatives have included investing in new product development, expanding into new markets, and streamlining operations.
Summary
Astronics is a technology company providing innovative solutions for aerospace, defense, and test systems. Its strengths include engineering expertise and a diversified product portfolio. However, its smaller size and dependence on cyclical industries present challenges. Strategic initiatives can help mitigate these risks and capitalize on growth opportunities.
Peer Comparison
Sources and Disclaimers
Data Sources:
- Company SEC filings
- Industry reports
- Analyst estimates
- Company Website
Disclaimers:
This analysis is based on available information and is not financial advice. Market conditions and company performance can change.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About Astronics Corporation
Exchange NASDAQ | Headquaters East Aurora, NY, United States | ||
IPO Launch date 1984-09-07 | Chairman, CEO & President Mr. Peter J. Gundermann | ||
Sector Industrials | Industry Aerospace & Defense | Full time employees 2500 | Website https://www.astronics.com |
Full time employees 2500 | Website https://www.astronics.com |
Astronics Corporation, through its subsidiaries, designs and manufactures products for the aerospace, defense, and electronics industries in the United States, rest of North America, Asia, Europe, South America, and internationally. It 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, systems certification, and other products. This segment serves airframe manufacturers (OEM) that build aircraft for the commercial transport, 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, communications, and mass transit industries, as well as training and simulation devices for commercial and military applications. This segment 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.

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