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.
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