AeroVironment, Inc. (NASDAQ:AVAV) shares reached a new 52-week high on Tuesday . The company traded as high as $51.54 and last traded at $51.45, with a volume of 295,075 shares changing hands. The stock had previously closed at $49.13.

A number of research analysts have weighed in on AVAV shares. TheStreet raised AeroVironment from a “c-” rating to a “b” rating in a report on Tuesday, June 27th. Robert W. Baird reaffirmed a “hold” rating and issued a $35.00 price objective on shares of AeroVironment in a research note on Monday, August 28th. Piper Jaffray Companies downgraded AeroVironment from an “overweight” rating to a “neutral” rating and raised their price objective for the stock from $30.00 to $35.00 in a research note on Monday, July 3rd. Canaccord Genuity raised their price objective on AeroVironment from $35.00 to $40.00 and gave the stock a “hold” rating in a research note on Wednesday, August 30th. Finally, ValuEngine raised AeroVironment from a “sell” rating to a “hold” rating in a research note on Friday, June 2nd. Six research analysts have rated the stock with a hold rating and one has given a strong buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $38.00.

The company has a market cap of $1.20 billion, a PE ratio of 60.80 and a beta of 1.26. The company has a 50-day moving average of $42.09 and a 200-day moving average of $34.00.

AeroVironment (NASDAQ:AVAV) last issued its quarterly earnings data on Tuesday, August 29th. The aerospace company reported ($0.19) earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.34) by $0.15. The business had revenue of $43.80 million during the quarter, compared to analysts’ expectations of $42.44 million. AeroVironment had a return on equity of 5.40% and a net margin of 7.22%. The company’s revenue for the quarter was up 21.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($0.51) EPS. On average, analysts expect that AeroVironment, Inc. will post $0.61 EPS for the current fiscal year.

In related news, VP Kenneth D. Karklin sold 735 shares of the company’s stock in a transaction dated Friday, July 14th. The stock was sold at an average price of $39.57, for a total value of $29,083.95. Following the completion of the transaction, the vice president now owns 9,437 shares of the company’s stock, valued at approximately $373,422.09. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Chairman Timothy E. Conver sold 7,600 shares of the company’s stock in a transaction dated Friday, September 8th. The stock was sold at an average price of $49.14, for a total value of $373,464.00. Following the completion of the transaction, the chairman now directly owns 58,138 shares of the company’s stock, valued at approximately $2,856,901.32. The disclosure for this sale can be found here. Insiders sold a total of 83,097 shares of company stock valued at $3,280,965 in the last ninety days. 11.00% of the stock is currently owned by insiders.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in AVAV. BlackRock Inc. raised its holdings in AeroVironment by 216,094.4% in the 1st quarter. BlackRock Inc. now owns 3,216,973 shares of the aerospace company’s stock worth $90,172,000 after purchasing an additional 3,215,485 shares during the period. Janus Henderson Group PLC acquired a new position in AeroVironment in the 2nd quarter worth about $39,724,000. Vident Investment Advisory LLC raised its holdings in AeroVironment by 175.1% in the 1st quarter. Vident Investment Advisory LLC now owns 260,720 shares of the aerospace company’s stock worth $7,308,000 after purchasing an additional 165,946 shares during the period. American Capital Management Inc. raised its holdings in AeroVironment by 11.4% in the 2nd quarter. American Capital Management Inc. now owns 1,314,107 shares of the aerospace company’s stock worth $50,199,000 after purchasing an additional 134,555 shares during the period. Finally, Dimensional Fund Advisors LP raised its holdings in AeroVironment by 8.0% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,445,679 shares of the aerospace company’s stock worth $40,522,000 after purchasing an additional 107,063 shares during the period. 77.55% of the stock is owned by institutional investors.

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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.

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