AeroVironment, Inc. (NASDAQ:AVAV) Chairman Timothy E. Conver sold 7,600 shares of the firm’s stock in a transaction dated Thursday, July 20th. The stock was sold at an average price of $38.19, for a total transaction of $290,244.00. Following the completion of the sale, the chairman now owns 58,138 shares of the company’s stock, valued at $2,220,290.22. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.
AeroVironment, Inc. (AVAV) opened at 37.77 on Wednesday. The stock’s 50 day moving average is $38.03 and its 200 day moving average is $31.05. The stock has a market capitalization of $878.79 million, a price-to-earnings ratio of 69.94 and a beta of 1.31. AeroVironment, Inc. has a 12-month low of $22.16 and a 12-month high of $40.10.
AeroVironment (NASDAQ:AVAV) last posted its earnings results on Tuesday, June 27th. The aerospace company reported $1.30 EPS for the quarter, beating the Zacks’ consensus estimate of $0.99 by $0.31. AeroVironment had a net margin of 4.71% and a return on equity of 3.49%. The company had revenue of $125.40 million during the quarter, compared to analysts’ expectations of $122.90 million. During the same quarter in the prior year, the company posted $0.23 earnings per share. AeroVironment’s revenue for the quarter was up 47.9% compared to the same quarter last year. Equities analysts predict that AeroVironment, Inc. will post $0.54 earnings per share for the current fiscal year.
Large investors have recently bought and sold shares of the stock. Essex Investment Management Co. LLC purchased a new stake in AeroVironment during the first quarter worth approximately $1,309,000. Granite Investment Partners LLC boosted its stake in AeroVironment by 11.4% in the first quarter. Granite Investment Partners LLC now owns 332,807 shares of the aerospace company’s stock worth $9,329,000 after buying an additional 34,127 shares during the last quarter. American Capital Management Inc. boosted its stake in AeroVironment by 11.3% in the first quarter. American Capital Management Inc. now owns 1,179,552 shares of the aerospace company’s stock worth $33,063,000 after buying an additional 120,140 shares during the last quarter. Louisiana State Employees Retirement System boosted its stake in AeroVironment by 1.2% in the first quarter. Louisiana State Employees Retirement System now owns 8,400 shares of the aerospace company’s stock worth $235,000 after buying an additional 100 shares during the last quarter. Finally, Berson & Corrado Investment Advisors LLC purchased a new stake in AeroVironment during the first quarter worth approximately $230,000. 82.45% of the stock is owned by institutional investors.
Several analysts have commented on the stock. Canaccord Genuity restated a “hold” rating and issued a $35.00 price objective on shares of AeroVironment in a report on Thursday, August 10th. BidaskClub lowered shares of AeroVironment from a “strong-buy” rating to a “buy” rating in a report on Friday, July 28th. Piper Jaffray Companies lowered shares of AeroVironment from an “overweight” rating to a “neutral” rating and raised their price objective for the stock from $30.00 to $35.00 in a report on Monday, July 3rd. TheStreet upgraded shares of AeroVironment from a “c-” rating to a “b” rating in a report on Tuesday, June 27th. Finally, Zacks Investment Research upgraded shares of AeroVironment from a “hold” rating to a “strong-buy” rating and set a $42.00 price objective for the company in a report on Friday, June 30th. Seven investment analysts have rated the stock with a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $33.00.
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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