AeroVironment, Inc. (NASDAQ:AVAV) Chairman Sells $340,860.00 in Stock

AeroVironment, Inc. (NASDAQ:AVAV) Chairman Timothy E. Conver sold 7,600 shares of the company’s stock in a transaction on Wednesday, November 22nd. The stock was sold at an average price of $44.85, for a total value of $340,860.00. Following the transaction, the chairman now owns 58,138 shares of the company’s stock, valued at $2,607,489.30. The sale was disclosed in a filing with the SEC, which is available through this hyperlink.

Shares of AeroVironment, Inc. (AVAV) opened at $44.00 on Tuesday. AeroVironment, Inc. has a 52 week low of $24.70 and a 52 week high of $55.75. The firm has a market capitalization of $1,066.14, a P/E ratio of 53.24, a P/E/G ratio of 4.87 and a beta of 1.16.

Several institutional investors and hedge funds have recently modified their holdings of the company. Argent Capital Management LLC increased its holdings in AeroVironment by 18.1% during the 3rd quarter. Argent Capital Management LLC now owns 41,145 shares of the aerospace company’s stock valued at $2,227,000 after purchasing an additional 6,295 shares in the last quarter. Piedmont Investment Advisors LLC acquired a new stake in AeroVironment during the 3rd quarter valued at $250,000. California Public Employees Retirement System increased its holdings in AeroVironment by 31.1% during the 3rd quarter. California Public Employees Retirement System now owns 41,303 shares of the aerospace company’s stock valued at $2,235,000 after purchasing an additional 9,803 shares in the last quarter. Vident Investment Advisory LLC increased its holdings in AeroVironment by 31.1% during the 3rd quarter. Vident Investment Advisory LLC now owns 474,428 shares of the aerospace company’s stock valued at $25,676,000 after purchasing an additional 112,487 shares in the last quarter. Finally, PEAK6 Investments L.P. increased its holdings in AeroVironment by 120.3% during the 3rd quarter. PEAK6 Investments L.P. now owns 35,046 shares of the aerospace company’s stock valued at $1,897,000 after purchasing an additional 19,136 shares in the last quarter. 74.65% of the stock is owned by institutional investors and hedge funds.

Several analysts have recently weighed in on the company. Canaccord Genuity upped their price objective on AeroVironment from $40.00 to $48.00 and gave the company a “hold” rating in a report on Wednesday, October 4th. Robert W. Baird restated a “hold” rating and issued a $35.00 price objective on shares of AeroVironment in a report on Tuesday, October 24th. Zacks Investment Research downgraded AeroVironment from a “strong-buy” rating to a “hold” rating in a report on Wednesday, November 1st. Piper Jaffray Companies reaffirmed a “neutral” rating and set a $36.00 target price on shares of AeroVironment in a report on Thursday, August 31st. Finally, ValuEngine lowered AeroVironment from a “buy” rating to a “hold” rating in a research report on Wednesday, November 15th. Seven analysts have rated the stock with a hold rating, The stock has an average rating of “Hold” and a consensus price target of $39.00.

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About AeroVironment

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.

Insider Buying and Selling by Quarter for AeroVironment (NASDAQ:AVAV)

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