AeroVironment, Inc. (NASDAQ:AVAV) Chairman Timothy E. Conver sold 7,600 shares of AeroVironment stock in a transaction on Friday, January 26th. The shares were sold at an average price of $53.41, for a total value of $405,916.00. Following the sale, the chairman now directly owns 58,138 shares of the company’s stock, valued at approximately $3,105,150.58. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.
Shares of AeroVironment, Inc. (AVAV) opened at $51.81 on Wednesday. AeroVironment, Inc. has a 12-month low of $25.42 and a 12-month high of $58.99. The firm has a market capitalization of $1,240.00, a PE ratio of 40.80, a price-to-earnings-growth ratio of 5.05 and a beta of 1.16.
AeroVironment (NASDAQ:AVAV) last announced its quarterly earnings results on Tuesday, December 5th. The aerospace company reported $0.29 earnings per share for the quarter, topping analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $63.53 million. During the same quarter in the previous year, the firm earned ($0.18) earnings per share. The business’s quarterly revenue was up 47.3% compared to the same quarter last year. equities research analysts predict that AeroVironment, Inc. will post 0.7 earnings per share for the current fiscal year.
Large investors have recently made changes to their positions in the business. Alliancebernstein L.P. lifted its position in shares of AeroVironment by 30.0% in 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 during the last quarter. Ameriprise Financial Inc. lifted its position in shares of AeroVironment by 1.8% during the 3rd quarter. Ameriprise Financial Inc. now owns 110,091 shares of the aerospace company’s stock worth $5,958,000 after purchasing an additional 1,966 shares during the last quarter. Fisher Asset Management LLC acquired a new position in shares of AeroVironment during the 3rd quarter worth about $1,904,000. Citigroup Inc. lifted its position in shares of AeroVironment by 28.9% during the 2nd quarter. Citigroup Inc. now owns 25,980 shares of the aerospace company’s stock worth $992,000 after purchasing an additional 5,832 shares during the last quarter. Finally, First Manhattan Co. acquired a new position in shares of AeroVironment during the 3rd quarter worth about $270,000. 74.36% of the stock is owned by institutional investors.
A number of analysts recently issued reports on AVAV shares. Zacks Investment Research raised AeroVironment from a “hold” rating to a “strong-buy” rating and set a $64.00 price objective for the company in a research report on Friday, December 8th. BidaskClub cut AeroVironment from a “sell” rating to a “strong sell” rating in a research report on Wednesday, December 27th. TheStreet raised AeroVironment from a “c+” rating to a “b” rating in a research report on Friday, December 8th. Canaccord Genuity reaffirmed a “hold” rating and issued a $50.00 price target on shares of AeroVironment in a research report on Thursday, December 14th. Finally, ValuEngine cut AeroVironment from a “buy” rating to a “hold” rating in a research report on Wednesday, November 15th. One equities research analyst has rated the stock with a sell rating and six have issued a hold rating to the stock. AeroVironment presently has an average rating of “Hold” and an average price target of $44.40.
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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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