AeroVironment, Inc. (NASDAQ:AVAV) VP Kenneth D. Karklin sold 735 shares of the firm’s stock in a transaction dated Friday, July 14th. The stock was sold at an average price of $39.57, for a total value of $29,083.95. Following the sale, the vice president now directly owns 9,437 shares in the company, valued at $373,422.09. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.
AeroVironment, Inc. (AVAV) traded up 0.24% during trading on Thursday, hitting $38.33. The stock had a trading volume of 37,599 shares. The firm has a market cap of $891.82 million, a P/E ratio of 70.98 and a beta of 1.31. The stock’s 50 day moving average price is $34.38 and its 200 day moving average price is $29.42. AeroVironment, Inc. has a 12-month low of $22.16 and a 12-month high of $40.10.
AeroVironment (NASDAQ:AVAV) last announced its quarterly earnings results on Tuesday, June 27th. The aerospace company reported $1.30 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.99 by $0.31. The business had revenue of $125.40 million for the quarter, compared to analyst estimates of $122.90 million. AeroVironment had a return on equity of 3.49% and a net margin of 4.71%. The company’s quarterly revenue was up 47.9% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.23 EPS. On average, analysts anticipate that AeroVironment, Inc. will post $0.54 EPS for the current fiscal year.
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Several large investors have recently made changes to their positions in the company. US Bancorp DE raised its stake in shares of AeroVironment by 22.0% in the second quarter. US Bancorp DE now owns 17,877 shares of the aerospace company’s stock valued at $683,000 after buying an additional 3,220 shares during the period. Eqis Capital Management Inc. raised its stake in AeroVironment by 4.1% in the second quarter. Eqis Capital Management Inc. now owns 7,831 shares of the aerospace company’s stock worth $299,000 after buying an additional 311 shares during the last quarter. State of Alaska Department of Revenue raised its stake in AeroVironment by 78.6% in the second quarter. State of Alaska Department of Revenue now owns 4,073 shares of the aerospace company’s stock worth $155,000 after buying an additional 1,793 shares during the last quarter. Berson & Corrado Investment Advisors LLC raised its stake in AeroVironment by 30.7% in the second quarter. Berson & Corrado Investment Advisors LLC now owns 10,717 shares of the aerospace company’s stock worth $409,000 after buying an additional 2,520 shares during the last quarter. Finally, Credit Suisse AG raised its stake in AeroVironment by 44.0% in the first quarter. Credit Suisse AG now owns 212,980 shares of the aerospace company’s stock worth $5,971,000 after buying an additional 65,032 shares during the last quarter. 81.70% of the stock is currently owned by institutional investors and hedge funds.
Several analysts recently commented on AVAV shares. Jefferies Group LLC reaffirmed a “hold” rating and set a $27.00 target price on shares of AeroVironment in a report on Tuesday, April 18th. Canaccord Genuity reaffirmed a “hold” rating and set a $29.00 target price on shares of AeroVironment in a report on Friday, April 7th. ValuEngine raised AeroVironment from a “sell” rating to a “hold” rating in a report on Friday, June 2nd. TheStreet raised AeroVironment from a “c-” rating to a “b” rating in a report on Tuesday, June 27th. Finally, Piper Jaffray Companies lowered AeroVironment from an “overweight” rating to a “neutral” rating and raised their target price for the stock from $30.00 to $35.00 in a report on Monday, July 3rd. Seven investment analysts have rated the stock with a hold rating and one has given a strong buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $31.80.
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.
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