ASTRONICS CORPORATION
In the published model solve dated 2026-Q2, anchored at $76.43, ASTRONICS CORPORATION (ATRO) is priced for today's economics sustained for ~8.5 years. boothcheck publishes no house fair value, target price, or buy/sell rating; individual model outputs and user-controlled scenarios are analytical inputs, not Boothcheck targets. The narrative was composed July 25, 2026 from SEC EDGAR filings.
• Just under half of revenue comes from electrical power and motion systems built into aircraft cabins, and the number that decides everything is conversion: Astronics turns 7.7% of sales into operating profit on a trailing basis while HEI runs a 23.5% operating margin and CW 18.4%. • Customer concentration is disclosed rather than hidden, with the 10-K reporting sales to Boeing at ⟦"10.4% of sales in 2025, 10.2% of sales in 2024, and 11.0% of sales in 2023"⟧, so one airframer's build rate moves
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280 institutional managers reported holding ATRO in 13F filings for the quarter ended 2026-03-31. Together they hold about 65% of the company; the top 10 hold 29%. 48 opened new positions that quarter. Held by BlackRock, State Street, Vanguard Group, among others. On the short side, 2.5M shares were sold short as of the 2026-06-15 count, about 7% of shares outstanding (3.7 days of typical volume to cover).
Quarterly 13F filings arrive up to 45 days after quarter end, so the picture is never current (filed through 2026-05-29). Nothing here is investment advice.
ATRO's share count grew 15.6% over the past five years. It pays no dividend.
Share counts are split-adjusted; repurchase totals are gross of share issuance. Nothing here is investment advice.
No open-market insider buys on file at ATRO over the trailing three years. Absence is a fact about the company, not a signal. 14 officers and directors are on file.
Code P open-market purchases from SEC Form 4 filings, non-derivative, excluding scheduled 10b5-1 plans. Nothing here is investment advice.
ATRO's recent reports: the day-one move, then what the following quarter actually did.
| report | day one | next quarter |
|---|---|---|
| 2023-08-08 | -19.2% | -9.5% |
| 2023-11-10 | -11.4% | +15.1% |
| 2024-03-06 | -1.0% | -1.2% |
| 2024-05-07 | +7.9% | +8.8% |
Day-one is the close-to-close move around the filing. Nothing here is investment advice.
ATRO's latest 8-K filings: 2026-08-11 (items 2.02, 9.01); 2026-06-01 (items 7.01, 9.01); 2026-05-28 (items 5.07); 2026-05-12 (items 2.02, 9.01); 2026-02-24 (items 2.02, 9.01).
Item codes are the SEC's own classification of what each report discloses. Dates link to the filing on EDGAR. Nothing here is investment advice.
Model solve date: 2026-Q2
Narrative composed: July 25, 2026
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For informational and research purposes only. Not investment advice. Not a recommendation to buy, sell, or hold any security. boothcheck is not a registered investment adviser. Past performance does not guarantee future results.