AeroVironment, Inc. (AVAV) Chairman Sells $292,524.00 in Stock

AeroVironment, Inc. (NASDAQ:AVAV) Chairman Timothy E. Conver sold 7,600 shares of AeroVironment stock in a transaction on Wednesday, August 9th. The shares were sold at an average price of $38.49, for a total transaction of $292,524.00. Following the completion of the transaction, the chairman now directly owns 58,138 shares of the company’s stock, valued at approximately $2,237,731.62. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

AeroVironment, Inc. (NASDAQ AVAV) traded down 0.67% during mid-day trading on Thursday, hitting $38.32. 241,848 shares of the stock were exchanged. The company has a market cap of $891.59 million, a P/E ratio of 70.96 and a beta of 1.31. The company has a 50-day moving average price of $37.41 and a 200-day moving average price of $30.70. AeroVironment, Inc. has a one year low of $22.16 and a one year high of $40.10.

AeroVironment (NASDAQ:AVAV) last released its 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. 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 last year, the business earned $0.23 EPS. The business’s revenue was up 47.9% on a year-over-year basis. Analysts forecast that AeroVironment, Inc. will post $0.54 earnings per share for the current fiscal year.

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Several hedge funds have recently made changes to their positions in the stock. BlackRock Inc. boosted its stake in shares of AeroVironment by 3.6% in the second quarter. BlackRock Inc. now owns 3,333,627 shares of the aerospace company’s stock valued at $127,344,000 after buying an additional 116,654 shares during the period. Ameriprise Financial Inc. boosted its stake in shares of AeroVironment by 0.5% in the second quarter. Ameriprise Financial Inc. now owns 108,125 shares of the aerospace company’s stock valued at $4,131,000 after buying an additional 560 shares during the period. TIAA CREF Investment Management LLC boosted its stake in shares of AeroVironment by 1.1% in the second quarter. TIAA CREF Investment Management LLC now owns 55,068 shares of the aerospace company’s stock valued at $2,104,000 after buying an additional 624 shares during the period. Teachers Advisors LLC boosted its stake in shares of AeroVironment by 6.0% in the second quarter. Teachers Advisors LLC now owns 37,095 shares of the aerospace company’s stock valued at $1,417,000 after buying an additional 2,109 shares during the period. Finally, Baillie Gifford & Co. boosted its stake in shares of AeroVironment by 19.8% in the second quarter. Baillie Gifford & Co. now owns 344,710 shares of the aerospace company’s stock valued at $13,167,000 after buying an additional 57,000 shares during the period. Hedge funds and other institutional investors own 82.53% of the company’s stock.

A number of research firms have weighed in on AVAV. Canaccord Genuity reaffirmed a “hold” rating and issued a $35.00 price objective on shares of AeroVironment in a report on Thursday. TheStreet raised shares of AeroVironment from a “c-” rating to a “b” rating in a report on Tuesday, June 27th. Piper Jaffray Companies cut shares of AeroVironment from an “overweight” rating to a “neutral” rating and lifted their price objective for the company from $30.00 to $35.00 in a report on Monday, July 3rd. Zacks Investment Research raised 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. Finally, BidaskClub cut shares of AeroVironment from a “strong-buy” rating to a “buy” rating in a report on Friday, July 28th. Seven equities research analysts have rated the stock with a hold rating, one has issued a buy rating and one has issued a strong buy rating to the stock. AeroVironment 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.

Insider Buying and Selling by Quarter for AeroVironment (NASDAQ:AVAV)

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