AeroVironment (AVAV) Trading Up 0%

Shares of AeroVironment (NASDAQ:AVAV) were up 0% during trading on Thursday . The company traded as high as $56.42 and last traded at $55.80. Approximately 1,870,098 shares traded hands during mid-day trading, an increase of 440% from the average daily volume of 346,533 shares. The stock had previously closed at $55.80.

A number of analysts recently commented on AVAV shares. ValuEngine upgraded shares of AeroVironment from a “buy” rating to a “strong-buy” rating in a report on Wednesday, May 2nd. Stifel Nicolaus upgraded shares of AeroVironment from a “hold” rating to a “buy” rating and boosted their price target for the company from $45.00 to $65.00 in a report on Wednesday, April 11th. BidaskClub upgraded shares of AeroVironment from a “sell” rating to a “hold” rating in a report on Wednesday, May 9th. Finally, Zacks Investment Research lowered shares of AeroVironment from a “buy” rating to a “hold” rating in a report on Wednesday, March 7th. One analyst has rated the stock with a sell rating, four have assigned a hold rating, one has given a buy rating and two have assigned a strong buy rating to the company’s stock. AeroVironment currently has an average rating of “Buy” and a consensus target price of $47.50.

The firm has a market cap of $1.33 billion, a PE ratio of 103.87, a P/E/G ratio of 2.79 and a beta of 1.20.

AeroVironment (NASDAQ:AVAV) last released its quarterly earnings results on Tuesday, March 6th. The aerospace company reported $0.09 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.07 by $0.02. AeroVironment had a net margin of 10.50% and a return on equity of 9.15%. The business had revenue of $63.90 million for the quarter, compared to analyst estimates of $58.18 million. During the same quarter in the previous year, the business earned ($0.09) earnings per share. The firm’s revenue was up 20.1% compared to the same quarter last year. sell-side analysts expect that AeroVironment will post 0.7 earnings per share for the current year.

In related news, Chairman Timothy E. Conver sold 7,600 shares of the business’s stock in a transaction that occurred on Tuesday, February 27th. The shares were sold at an average price of $50.73, for a total transaction of $385,548.00. Following the transaction, the chairman now directly owns 58,138 shares of the company’s stock, valued at $2,949,340.74. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Chairman Timothy E. Conver sold 3,800 shares of the business’s stock in a transaction that occurred on Wednesday, March 14th. The shares were sold at an average price of $47.72, for a total transaction of $181,336.00. Following the transaction, the chairman now directly owns 58,138 shares in the company, valued at $2,774,345.36. The disclosure for this sale can be found here. Insiders have sold 19,000 shares of company stock worth $914,812 over the last ninety days. 11.00% of the stock is currently owned by insiders.

Institutional investors and hedge funds have recently made changes to their positions in the stock. Sei Investments Co. purchased a new position in AeroVironment during the first quarter valued at approximately $100,000. Tyers Asset Management LLC grew its position in AeroVironment by 106.8% during the fourth quarter. Tyers Asset Management LLC now owns 1,952 shares of the aerospace company’s stock valued at $110,000 after purchasing an additional 1,008 shares in 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 purchasing an additional 1,329 shares in the last quarter. SG Americas Securities LLC grew its position in AeroVironment by 72.4% during the first quarter. SG Americas Securities LLC now owns 3,717 shares of the aerospace company’s stock valued at $169,000 after purchasing an additional 1,561 shares in the last quarter. Finally, 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 purchasing an additional 1,764 shares in the last quarter. 76.16% of the stock is currently owned by hedge funds and other institutional investors.

AeroVironment Company Profile

AeroVironment, Inc designs, develops, produces, supports, and operates unmanned aircraft systems (UAS) and efficient energy systems (EES) in the United States and internationally. The company offers small UAS products to deliver intelligence, surveillance, and reconnaissance; and communications, such as real-time tactical reconnaissance, tracking, combat assessment, and geographic data to the small tactical unit or individual operator.

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