AeroVironment, Inc. (NASDAQ:AVAV) Chairman Timothy E. Conver sold 7,600 shares of the company’s stock in a transaction that occurred on Thursday, July 20th. The shares were sold at an average price of $38.19, for a total value of $290,244.00. Following the completion of the sale, the chairman now owns 58,138 shares in the company, valued at $2,220,290.22. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.
AeroVironment, Inc. (AVAV) traded up 0.50% during midday trading on Friday, reaching $38.30. The company had a trading volume of 317,467 shares. The company has a market capitalization of $891.13 million, a PE ratio of 70.93 and a beta of 1.31. AeroVironment, Inc. has a one year low of $22.16 and a one year high of $40.10. The stock’s 50 day moving average is $34.58 and its 200 day moving average is $29.48.
AeroVironment (NASDAQ:AVAV) last announced its quarterly earnings data on Tuesday, June 27th. The aerospace company reported $1.30 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.99 by $0.31. The business had revenue of $125.40 million for the quarter, compared to analysts’ expectations of $122.90 million. AeroVironment had a net margin of 4.71% and a return on equity of 3.49%. The firm’s quarterly revenue was up 47.9% compared to the same quarter last year. During the same period last year, the firm posted $0.23 earnings per share. Equities research analysts forecast that AeroVironment, Inc. will post $0.54 earnings per share for the current fiscal year.
ILLEGAL ACTIVITY NOTICE: “AeroVironment, Inc. (NASDAQ:AVAV) Chairman Sells $290,244.00 in Stock” was first posted by StockNewsTimes and is owned by of StockNewsTimes. If you are reading this piece of content on another publication, it was illegally stolen and reposted in violation of US and international copyright and trademark legislation. The original version of this piece of content can be viewed at https://stocknewstimes.com/2017/07/21/aerovironment-inc-nasdaqavav-chairman-sells-290244-00-in-stock.html.
Several research firms have recently weighed in on AVAV. Zacks Investment Research upgraded AeroVironment from a “hold” rating to a “strong-buy” rating and set a $42.00 price objective on the stock in a research note on Friday, June 30th. Jefferies Group LLC upped their price objective on AeroVironment from $27.00 to $29.00 and gave the company a “hold” rating in a research note on Wednesday, June 28th. ValuEngine upgraded AeroVironment from a “sell” rating to a “hold” rating in a research note on Friday, June 2nd. Piper Jaffray Companies lowered AeroVironment from an “overweight” rating to a “neutral” rating and upped their price objective for the company from $30.00 to $35.00 in a research note on Monday, July 3rd. Finally, TheStreet upgraded AeroVironment from a “c-” rating to a “b” rating in a research note on Tuesday, June 27th. Seven research analysts have rated the stock with a hold rating and one has issued a strong buy rating to the stock. AeroVironment has a consensus rating of “Hold” and an average target price of $31.80.
A number of hedge funds and other institutional investors have recently made changes to their positions in AVAV. Mason Street Advisors LLC boosted its position in shares of AeroVironment by 7.0% in the first quarter. Mason Street Advisors LLC now owns 4,813 shares of the aerospace company’s stock worth $135,000 after buying an additional 316 shares during the period. PNC Financial Services Group Inc. boosted its position in shares of AeroVironment by 0.8% in the first quarter. PNC Financial Services Group Inc. now owns 4,860 shares of the aerospace company’s stock worth $136,000 after buying an additional 38 shares during the period. State of Alaska Department of Revenue boosted its position in shares of 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 period. AQR Capital Management LLC purchased a new position in shares of AeroVironment during the fourth quarter worth about $208,000. Finally, Eqis Capital Management Inc. purchased a new position in shares of AeroVironment during the first quarter worth about $211,000. 81.70% of the stock is currently owned by institutional investors and hedge funds.
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.
Receive News & Ratings for AeroVironment Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for AeroVironment Inc. and related companies with MarketBeat.com's FREE daily email newsletter.
