Shares of AeroVironment, Inc. (NASDAQ:AVAV) reached a new 52-week high during trading on Tuesday . The stock traded as high as $50.26 and last traded at $50.19, with a volume of 320,219 shares changing hands. The stock had previously closed at $49.15.

Several equities analysts recently commented on AVAV shares. TheStreet raised shares of AeroVironment from a “c-” rating to a “b” rating in a research report on Tuesday, June 27th. Piper Jaffray Companies downgraded shares of AeroVironment from an “overweight” rating to a “neutral” rating and increased their price target for the stock 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 on the stock in a research note on Friday, June 30th. ValuEngine raised shares of AeroVironment from a “sell” rating to a “hold” rating in a research note on Friday, June 2nd. Finally, Robert W. Baird reaffirmed a “hold” rating and set a $35.00 price objective on shares of AeroVironment in a research note on Monday, August 28th. Six research analysts have rated the stock with a hold rating and one has issued a strong buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $38.00.

The stock has a market capitalization of $1.17 billion, a P/E ratio of 58.81 and a beta of 1.26. The firm’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 results on Tuesday, August 29th. The aerospace company reported ($0.19) earnings per share (EPS) for the quarter, beating the 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 firm had revenue of $43.80 million for the quarter, compared to analyst estimates of $42.44 million. During the same period in the previous year, the company posted ($0.51) earnings per share. The company’s quarterly revenue was up 21.0% compared to the same quarter last year. On average, analysts anticipate that AeroVironment, Inc. will post $0.61 earnings per share for the current year.

In other news, Chairman Timothy E. Conver sold 32,800 shares of the company’s 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 sale, the chairman now directly owns 69,500 shares in the company, valued at approximately $2,722,315. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Chairman Timothy E. Conver sold 4,000 shares of the company’s stock in a transaction that occurred on Wednesday, June 21st. The shares were sold at an average price of $30.99, for a total value of $123,960.00. Following the completion of the sale, the chairman now owns 66,621 shares in the company, valued at $2,064,584.79. The disclosure for this sale can be found here. Insiders have sold 75,497 shares of company stock worth $2,907,501 over the last 90 days. Corporate insiders own 11.00% of the company’s stock.

Several hedge funds have recently added to or reduced their stakes in AVAV. Sei Investments Co. grew its stake in shares of AeroVironment by 1.8% in the 2nd quarter. Sei Investments Co. now owns 3,450 shares of the aerospace company’s stock valued at $132,000 after purchasing an additional 61 shares during the period. Mason Street Advisors LLC grew its stake in shares of AeroVironment by 7.0% in the 1st quarter. Mason Street Advisors LLC now owns 4,813 shares of the aerospace company’s stock valued at $135,000 after purchasing an additional 316 shares during the period. PNC Financial Services Group Inc. grew its stake in shares of AeroVironment by 0.8% in the 1st quarter. PNC Financial Services Group Inc. now owns 4,860 shares of the aerospace company’s stock valued at $136,000 after purchasing an additional 38 shares during the period. State of Alaska Department of Revenue grew its stake in shares of AeroVironment by 78.6% in the 2nd quarter. State of Alaska Department of Revenue now owns 4,073 shares of the aerospace company’s stock valued at $155,000 after purchasing an additional 1,793 shares during the period. Finally, Municipal Employees Retirement System of Michigan grew its stake in shares of AeroVironment by 3.2% in the 2nd quarter. Municipal Employees Retirement System of Michigan now owns 4,850 shares of the aerospace company’s stock valued at $185,000 after purchasing an additional 150 shares during the period. Institutional investors own 77.55% of the company’s stock.

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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.