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Astronics (ATRO) Moves 11.3% Higher: Will This Strength Last?
ZACKS· 2026-01-09 13:05
Group 1: Company Performance - Astronics Corporation (ATRO) shares increased by 11.3% to close at $64.81, with trading volume significantly higher than usual [1] - Preliminary results for 2025 indicated strong operating momentum, with fourth-quarter revenue exceeding guidance and full-year revenue showing solid year-over-year growth [3] - The company is expected to report quarterly earnings of $0.55 per share, reflecting a year-over-year increase of 14.6%, and revenues are projected to be $234.83 million, up 12.6% from the previous year [4] Group 2: Industry Context - U.S. President Donald Trump's proposal to increase military spending to $1.5 trillion for 2027 enhances expectations for sustained defense spending, positively impacting aerospace and defense suppliers [2] - Astronics is part of the Zacks Aerospace - Defense Equipment industry, which is currently experiencing positive investor sentiment due to increased defense budget visibility [5] - Woodward (WWD), another company in the same industry, has seen a 1% decrease in stock price but has returned 11.2% over the past month, with its EPS estimate changing by +2.6% over the last month [5][6]