Insider Selling: AeroVironment, Inc. (AVAV) Chairman Sells $181,336.00 in Stock

AeroVironment, Inc. (NASDAQ:AVAV) Chairman Timothy E. Conver sold 3,800 shares of the business’s stock in a transaction on Wednesday, March 14th. The stock was sold at an average price of $47.72, for a total transaction of $181,336.00. Following the transaction, the chairman now directly owns 58,138 shares in the company, valued at approximately $2,774,345.36. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

Shares of AeroVironment stock opened at $46.92 on Monday. The stock has a market cap of $1,121.67, a price-to-earnings ratio of 31.49, a price-to-earnings-growth ratio of 3.35 and a beta of 1.06. AeroVironment, Inc. has a fifty-two week low of $26.42 and a fifty-two week high of $58.99.

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AeroVironment (NASDAQ:AVAV) last posted its earnings results on Tuesday, March 6th. The aerospace company reported $0.09 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.07 by $0.02. The business had revenue of $63.90 million for the quarter, compared to analyst estimates of $58.18 million. AeroVironment had a net margin of 10.50% and a return on equity of 9.15%. The firm’s quarterly revenue was up 20.1% compared to the same quarter last year. During the same quarter in the prior year, the firm earned ($0.09) EPS. equities analysts anticipate that AeroVironment, Inc. will post 0.7 earnings per share for the current year.

A number of equities analysts recently issued reports on AVAV shares. TheStreet raised shares of AeroVironment from a “c+” rating to a “b” rating in a research report on Friday, December 8th. Zacks Investment Research raised shares of AeroVironment from a “sell” rating to a “buy” rating and set a $54.00 target price on the stock in a research report on Thursday, February 8th. Canaccord Genuity reaffirmed a “hold” rating and set a $50.00 target price on shares of AeroVironment in a research report on Thursday, December 14th. Finally, BidaskClub raised shares of AeroVironment from a “strong sell” rating to a “sell” rating in a research report on Tuesday, March 13th. One research analyst has rated the stock with a sell rating and six have given a hold rating to the company. AeroVironment presently has a consensus rating of “Hold” and an average price target of $42.40.

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Tyers Asset Management LLC lifted its position in AeroVironment by 106.8% during the 4th quarter. Tyers Asset Management LLC now owns 1,952 shares of the aerospace company’s stock worth $110,000 after buying an additional 1,008 shares in the last quarter. Teachers Advisors LLC lifted its position in AeroVironment by 2.7% during the 4th quarter. Teachers Advisors LLC now owns 38,926 shares of the aerospace company’s stock worth $2,186,000 after buying an additional 1,040 shares in the last quarter. Rhumbline Advisers lifted its position in AeroVironment by 3.0% during the 3rd quarter. Rhumbline Advisers now owns 44,738 shares of the aerospace company’s stock worth $2,421,000 after buying an additional 1,310 shares in the last quarter. LS Investment Advisors LLC lifted its position in AeroVironment by 179.6% during the 4th quarter. LS Investment Advisors LLC now owns 2,069 shares of the aerospace company’s stock worth $116,000 after buying an additional 1,329 shares in the last quarter. Finally, Ladenburg Thalmann Financial Services Inc. lifted its position in AeroVironment by 12.7% during the 4th quarter. Ladenburg Thalmann Financial Services Inc. now owns 14,011 shares of the aerospace company’s stock worth $787,000 after buying an additional 1,574 shares in the last quarter. Institutional investors and hedge funds own 74.84% of the company’s stock.

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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.

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

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