AeroVironment, Inc. (NASDAQ:AVAV) Chairman Timothy E. Conver sold 7,600 shares of the firm’s stock in a transaction that occurred on Wednesday, January 10th. The shares were sold at an average price of $53.17, for a total value of $404,092.00. Following the completion of the sale, the chairman now directly owns 58,138 shares in the company, valued at approximately $3,091,197.46. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.
Shares of AeroVironment, Inc. (NASDAQ:AVAV) opened at $54.07 on Friday. AeroVironment, Inc. has a fifty-two week low of $24.70 and a fifty-two week high of $58.99. The firm has a market capitalization of $1,290.65, a P/E ratio of 41.28, a PEG ratio of 5.13 and a beta of 1.16.
AeroVironment (NASDAQ:AVAV) last announced its quarterly earnings data on Tuesday, December 5th. The aerospace company reported $0.29 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.01) by $0.30. AeroVironment had a return on equity of 8.23% and a net margin of 10.42%. The company had revenue of $73.83 million for the quarter, compared to analyst estimates of $63.53 million. During the same quarter last year, the firm earned ($0.18) EPS. AeroVironment’s revenue for the quarter was up 47.3% compared to the same quarter last year. equities research analysts anticipate that AeroVironment, Inc. will post 0.7 earnings per share for the current year.
Several large investors have recently made changes to their positions in AVAV. Sei Investments Co. grew its holdings in shares of AeroVironment by 1.8% during the 2nd quarter. Sei Investments Co. now owns 3,450 shares of the aerospace company’s stock worth $132,000 after purchasing an additional 61 shares in the last quarter. Schwab Charles Investment Management Inc. grew its holdings in shares of AeroVironment by 7.7% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 98,396 shares of the aerospace company’s stock worth $3,759,000 after purchasing an additional 7,063 shares in the last quarter. Rhumbline Advisers grew its holdings in shares of AeroVironment by 1.0% during the 2nd quarter. Rhumbline Advisers now owns 43,428 shares of the aerospace company’s stock worth $1,659,000 after purchasing an additional 429 shares in the last quarter. Legal & General Group Plc grew its holdings in shares of AeroVironment by 9.0% during the 2nd quarter. Legal & General Group Plc now owns 37,785 shares of the aerospace company’s stock worth $1,442,000 after purchasing an additional 3,112 shares in the last quarter. Finally, Principal Financial Group Inc. grew its holdings in shares of AeroVironment by 0.4% during the 2nd quarter. Principal Financial Group Inc. now owns 156,993 shares of the aerospace company’s stock worth $5,997,000 after purchasing an additional 559 shares in the last quarter. 74.04% of the stock is currently owned by institutional investors.
A number of analysts have issued reports on AVAV shares. Canaccord Genuity raised their target price 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 reaffirmed a “hold” rating and issued a $35.00 target price on shares of AeroVironment in a report on Tuesday, October 24th. Zacks Investment Research lowered AeroVironment from a “strong-buy” rating to a “hold” rating in a report on Wednesday, November 1st. ValuEngine lowered AeroVironment from a “buy” rating to a “hold” rating in a report on Wednesday, November 15th. Finally, TheStreet raised AeroVironment from a “c+” rating to a “b” rating in a report on Friday, December 8th. One analyst has rated the stock with a sell rating and six have issued a hold rating to the company’s stock. AeroVironment currently has an average rating of “Hold” and an average target price of $44.40.
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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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