AeroVironment Inc. (NASDAQ:AVAV) saw strong trading volume on Thursday . 198,821 shares were traded during trading, an increase of 12% from the previous session’s volume of 177,233 shares.The stock last traded at $23.91 and had previously closed at $24.74.

A number of analysts have recently issued reports on the stock. Zacks Investment Research downgraded shares of AeroVironment from a “strong-buy” rating to a “hold” rating in a report on Wednesday. Piper Jaffray Cos. dropped their price target on shares of AeroVironment from $37.00 to $31.00 and set an “overweight” rating on the stock in a report on Wednesday. Jefferies Group reaffirmed a “hold” rating and set a $27.00 price target on shares of AeroVironment in a report on Friday, August 12th. Canaccord Genuity set a $28.00 price target on shares of AeroVironment and gave the company a “hold” rating in a report on Thursday, August 11th. Finally, Raymond James Financial Inc. reaffirmed a “hold” rating on shares of AeroVironment in a report on Wednesday. Six investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $30.00.

The firm has a market cap of $569.40 million and a P/E ratio of 63.67. The stock has a 50-day moving average price of $28.23 and a 200-day moving average price of $28.13.

AeroVironment (NASDAQ:AVAV) last released its quarterly earnings data on Tuesday, August 30th. The company reported ($0.51) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.17) by $0.34. The company had revenue of $36.20 million for the quarter, compared to the consensus estimate of $37.81 million. During the same period in the previous year, the business posted ($0.24) earnings per share. AeroVironment’s revenue for the quarter was down 23.1% compared to the same quarter last year. On average, analysts expect that AeroVironment Inc. will post $0.20 EPS for the current year.

In other AeroVironment news, Chairman Timothy E. Conver sold 61,000 shares of the business’s stock in a transaction dated Friday, June 10th. The shares were sold at an average price of $32.01, for a total value of $1,952,610.00. Following the completion of the transaction, the chairman now directly owns 51,803 shares in the company, valued at $1,658,214.03. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Chairman Timothy E. Conver sold 4,000 shares of the business’s stock in a transaction dated Wednesday, July 6th. The stock was sold at an average price of $27.06, for a total transaction of $108,240.00. Following the completion of the transaction, the chairman now owns 51,803 shares of the company’s stock, valued at $1,401,789.18. The disclosure for this sale can be found here.

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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