AeroVironment, Inc. (NASDAQ:AVAV) Chairman Timothy E. Conver sold 3,800 shares of the firm’s stock in a transaction dated Wednesday, November 8th. The stock was sold at an average price of $44.14, for a total value of $167,732.00. Following the sale, the chairman now directly owns 58,138 shares in the company, valued at $2,566,211.32. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.
Shares of AeroVironment, Inc. (NASDAQ AVAV) traded down $0.83 during mid-day trading on Thursday, reaching $42.16. The company’s stock had a trading volume of 390,200 shares, compared to its average volume of 238,189. The stock has a market capitalization of $1,024.90, a P/E ratio of 51.18, a P/E/G ratio of 4.68 and a beta of 1.24. AeroVironment, Inc. has a 52 week low of $24.70 and a 52 week high of $55.75.
AeroVironment (NASDAQ:AVAV) last released its earnings results on Tuesday, August 29th. The aerospace company reported ($0.19) earnings per share for the quarter, beating the consensus estimate of ($0.34) by $0.15. The business had revenue of $43.80 million for the quarter, compared to the consensus estimate of $42.44 million. AeroVironment had a return on equity of 5.40% and a net margin of 7.22%. The business’s quarterly revenue was up 21.0% compared to the same quarter last year. During the same quarter last year, the business posted ($0.51) earnings per share. research analysts forecast that AeroVironment, Inc. will post 0.61 EPS for the current fiscal year.
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AVAV has been the topic of several analyst reports. BidaskClub lowered AeroVironment from a “strong-buy” rating to a “buy” rating in a report on Friday, July 28th. Canaccord Genuity increased their price target on AeroVironment from $35.00 to $40.00 and gave the stock a “hold” rating in a research report on Wednesday, August 30th. Jefferies Group LLC increased their price target on AeroVironment from $29.00 to $37.00 and gave the stock a “hold” rating in a research report on Wednesday, August 30th. Robert W. Baird reiterated a “hold” rating and set a $35.00 price target on shares of AeroVironment in a research report on Monday, August 28th. Finally, ValuEngine downgraded AeroVironment from a “buy” rating to a “hold” rating in a research report on Wednesday. Seven equities research analysts have rated the stock with a hold rating, AeroVironment currently has a consensus rating of “Hold” and an average target price of $39.00.
Institutional investors have recently made changes to their positions in the stock. Alliancebernstein L.P. lifted its position in AeroVironment by 30.0% during the second quarter. Alliancebernstein L.P. now owns 24,671 shares of the aerospace company’s stock worth $942,000 after buying an additional 5,700 shares in the last quarter. Fisher Asset Management LLC purchased a new position in AeroVironment during the third quarter worth approximately $1,904,000. Citigroup Inc. lifted its position in AeroVironment by 28.9% during the second quarter. Citigroup Inc. now owns 25,980 shares of the aerospace company’s stock worth $992,000 after buying an additional 5,832 shares in the last quarter. BlackRock Inc. lifted its position in AeroVironment by 216,094.4% during the first quarter. BlackRock Inc. now owns 3,216,973 shares of the aerospace company’s stock worth $90,172,000 after buying an additional 3,215,485 shares in the last quarter. Finally, Schwab Charles Investment Management Inc. increased its stake in AeroVironment by 7.7% during the second quarter. Schwab Charles Investment Management Inc. now owns 98,396 shares of the aerospace company’s stock worth $3,759,000 after acquiring an additional 7,063 shares during the last quarter. Hedge funds and other institutional investors own 76.99% of the company’s stock.
AeroVironment, Inc designs, develops, produces, supports and operates a portfolio of products and services for government agencies, businesses and consumers. The Company operates through two segments: Unmanned Aircraft Systems (UAS), which focuses primarily on the design, development, production, support and operation of UAS and tactical missile systems that provide situational awareness, multi-band communications, force protection and other mission effects, and Efficient Energy Systems (EES), which focuses primarily on the design, development, production, marketing, support and operation of electric energy systems.
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