Shares of AeroVironment, Inc. (NASDAQ:AVAV) have been assigned an average recommendation of “Hold” from the eight ratings firms that are currently covering the firm, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation, five have given a hold recommendation and one has given a buy recommendation to the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is $42.40.
Several equities research analysts have weighed in on the stock. Zacks Investment Research upgraded shares of AeroVironment from a “hold” rating to a “strong-buy” rating and set a $64.00 target price on the stock in a report on Friday, December 8th. BidaskClub cut shares of AeroVironment from a “sell” rating to a “strong sell” rating in a research note on Wednesday, December 27th. TheStreet upgraded shares of AeroVironment from a “c+” rating to a “b” rating in a research note on Friday, December 8th. Canaccord Genuity restated a “hold” rating and set a $50.00 target price on shares of AeroVironment in a research note on Thursday, December 14th. Finally, ValuEngine cut shares of AeroVironment from a “buy” rating to a “hold” rating in a research note on Wednesday, November 15th.
AeroVironment (NASDAQ:AVAV) traded down $0.54 during trading hours on Tuesday, hitting $51.74. 206,982 shares of the stock traded hands, compared to its average volume of 268,028. AeroVironment has a one year low of $25.66 and a one year high of $58.99. The company has a market cap of $1,240.00, a P/E ratio of 40.74, a price-to-earnings-growth ratio of 4.91 and a beta of 1.06.
AeroVironment (NASDAQ:AVAV) last posted its quarterly earnings data on Tuesday, December 5th. The aerospace company reported $0.29 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.01) by $0.30. AeroVironment had a net margin of 10.42% and a return on equity of 8.23%. The company had revenue of $73.83 million for the quarter, compared to the consensus estimate of $63.53 million. During the same quarter in the previous year, the firm posted ($0.18) EPS. The business’s revenue was up 47.3% compared to the same quarter last year. research analysts forecast that AeroVironment will post 0.7 earnings per share for the current fiscal year.
In other AeroVironment news, Chairman Timothy E. Conver sold 3,800 shares of AeroVironment stock in a transaction dated Wednesday, December 27th. The shares were sold at an average price of $56.90, for a total value of $216,220.00. Following the completion of the sale, the chairman now owns 58,138 shares in the company, valued at approximately $3,308,052.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Chairman Timothy E. Conver sold 7,600 shares of AeroVironment stock in a transaction dated Friday, December 15th. The stock was sold at an average price of $55.27, for a total transaction of $420,052.00. Following the completion of the sale, the chairman now owns 58,138 shares of the company’s stock, valued at approximately $3,213,287.26. The disclosure for this sale can be found here. Insiders sold a total of 49,400 shares of company stock valued at $2,578,300 in the last quarter. Corporate insiders own 11.00% of the company’s stock.
A number of institutional investors have recently modified their holdings of the business. Tyers Asset Management LLC grew its holdings in AeroVironment by 106.8% during the 4th quarter. Tyers Asset Management LLC now owns 1,952 shares of the aerospace company’s stock worth $110,000 after acquiring an additional 1,008 shares during the last quarter. LS Investment Advisors LLC grew its position in AeroVironment by 179.6% during the fourth quarter. LS Investment Advisors LLC now owns 2,069 shares of the aerospace company’s stock valued at $116,000 after buying an additional 1,329 shares during the period. Meadow Creek Investment Management LLC grew its position in AeroVironment by 106.8% during the fourth quarter. Meadow Creek Investment Management LLC now owns 3,416 shares of the aerospace company’s stock valued at $192,000 after buying an additional 1,764 shares during the period. Jane Street Group LLC grew its position in AeroVironment by 124.8% during the fourth quarter. Jane Street Group LLC now owns 3,657 shares of the aerospace company’s stock valued at $205,000 after buying an additional 2,030 shares during the period. Finally, Crossmark Global Holdings Inc. bought a new position in AeroVironment during the fourth quarter valued at about $238,000. Institutional investors and hedge funds own 74.20% of the company’s stock.
AeroVironment Company Profile
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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