Shares of AeroVironment, Inc. (NASDAQ:AVAV) traded up 1% during mid-day trading on Friday . The company traded as high as $49.18 and last traded at $49.53, with a volume of 380,169 shares. The stock had previously closed at $49.02.

A number of analysts recently issued reports on the stock. Piper Jaffray Companies reissued a “neutral” rating and set a $36.00 target price on shares of AeroVironment in a research report on Thursday. Jefferies Group LLC increased their target price on shares of AeroVironment from $29.00 to $37.00 and gave the stock a “hold” rating in a research report on Wednesday. Canaccord Genuity increased their target price on shares of AeroVironment from $35.00 to $40.00 and gave the stock a “hold” rating in a research report on Wednesday. Robert W. Baird reissued a “hold” rating and set a $35.00 target price on shares of AeroVironment in a research report on Monday, August 28th. Finally, TheStreet raised shares of AeroVironment from a “c-” rating to a “b” rating in a research report on Tuesday, June 27th. Six research analysts have rated the stock with a hold rating and one has assigned a strong buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $38.00.

The stock has a market capitalization of $1.15 billion, a P/E ratio of 57.89 and a beta of 1.24. The stock’s 50 day moving average is $39.01 and its 200 day moving average is $32.32.

AeroVironment (NASDAQ:AVAV) last issued its quarterly earnings data on Tuesday, August 29th. The aerospace company reported ($0.19) earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.34) by $0.15. AeroVironment had a return on equity of 5.40% and a net margin of 7.22%. The business had revenue of $43.80 million for the quarter, compared to the consensus estimate of $42.44 million. During the same period last year, the business earned ($0.51) EPS. The firm’s revenue was up 21.0% compared to the same quarter last year. On average, analysts forecast that AeroVironment, Inc. will post $0.59 EPS for the current fiscal year.

In related news, Chairman Timothy E. Conver sold 4,000 shares of the firm’s stock in a transaction that occurred on Wednesday, June 21st. The stock was sold at an average price of $30.99, for a total value of $123,960.00. Following the transaction, the chairman now directly owns 66,621 shares of the company’s stock, valued at approximately $2,064,584.79. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Chairman Timothy E. Conver sold 32,800 shares of AeroVironment stock in a transaction that occurred on Friday, July 7th. The stock was sold at an average price of $39.17, for a total value of $1,284,776.00. Following the completion of the transaction, the chairman now directly owns 69,500 shares in the company, valued at $2,722,315. The disclosure for this sale can be found here. Insiders sold a total of 79,497 shares of company stock worth $3,034,461 over the last three months. 11.00% of the stock is owned by company insiders.

Hedge funds and other institutional investors have recently modified their holdings of the company. BlackRock Inc. increased its position 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 in the last quarter. Vanguard Group Inc. increased its position in shares of AeroVironment by 3.7% in the second quarter. Vanguard Group Inc. now owns 1,929,825 shares of the aerospace company’s stock valued at $73,719,000 after buying an additional 68,232 shares in the last quarter. Dimensional Fund Advisors LP increased its position in shares of AeroVironment by 3.1% in the second quarter. Dimensional Fund Advisors LP now owns 1,490,349 shares of the aerospace company’s stock valued at $56,930,000 after buying an additional 44,670 shares in the last quarter. American Capital Management Inc. increased its position in shares of AeroVironment by 11.4% in the second quarter. American Capital Management Inc. now owns 1,314,107 shares of the aerospace company’s stock valued at $50,199,000 after buying an additional 134,555 shares in the last quarter. Finally, Janus Henderson Group PLC acquired a new position in shares of AeroVironment during the second quarter valued at approximately $39,724,000. 77.55% of the stock is currently owned by institutional investors.

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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.