AeroVironment, Inc. (NASDAQ:AVAV) Chairman Timothy E. Conver sold 7,600 shares of AeroVironment stock in a transaction that occurred on Wednesday, September 20th. The shares were sold at an average price of $51.47, for a total transaction of $391,172.00. Following the sale, the chairman now directly owns 58,138 shares in the company, valued at approximately $2,992,362.86. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Shares of AeroVironment, Inc. (AVAV) opened at 51.69 on Friday. The company has a 50-day moving average of $42.48 and a 200 day moving average of $34.17. The firm has a market cap of $1.21 billion, a P/E ratio of 60.88 and a beta of 1.26. AeroVironment, Inc. has a 12-month low of $22.16 and a 12-month high of $53.40.

AeroVironment (NASDAQ:AVAV) last posted its quarterly earnings results on Tuesday, August 29th. The aerospace company reported ($0.19) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.34) by $0.15. The company had revenue of $43.80 million for the quarter, compared to the consensus estimate of $42.44 million. AeroVironment had a net margin of 7.22% and a return on equity of 5.40%. AeroVironment’s revenue was up 21.0% on a year-over-year basis. During the same quarter last year, the firm posted ($0.51) earnings per share. Equities research analysts anticipate that AeroVironment, Inc. will post $0.61 earnings per share for the current fiscal year.

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AVAV has been the topic of several analyst reports. BidaskClub lowered shares of AeroVironment from a “buy” rating to a “hold” rating in a research report on Wednesday, August 16th. ValuEngine raised shares of AeroVironment from a “sell” rating to a “hold” rating in a research report on Friday, June 2nd. Piper Jaffray Companies lowered shares of AeroVironment from an “overweight” rating to a “neutral” rating and lifted their price target for the company from $30.00 to $35.00 in a research report on Monday, July 3rd. Canaccord Genuity reaffirmed a “hold” rating and set a $35.00 price target on shares of AeroVironment in a research report on Thursday, August 10th. Finally, Robert W. Baird reaffirmed a “hold” rating and set a $35.00 price target on shares of AeroVironment in a research report on Monday, August 28th. Six analysts have rated the stock with a hold rating and one has given a strong buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $38.00.

Large investors have recently bought and sold shares of the business. Sei Investments Co. raised its stake in AeroVironment by 1.8% during the second quarter. Sei Investments Co. now owns 3,450 shares of the aerospace company’s stock worth $132,000 after purchasing an additional 61 shares during the period. State of Alaska Department of Revenue raised its stake in AeroVironment by 78.6% during the second quarter. State of Alaska Department of Revenue now owns 4,073 shares of the aerospace company’s stock worth $155,000 after purchasing an additional 1,793 shares during the period. Mason Street Advisors LLC raised its stake in AeroVironment by 7.0% during the first quarter. Mason Street Advisors LLC now owns 4,813 shares of the aerospace company’s stock worth $135,000 after purchasing an additional 316 shares during the period. Municipal Employees Retirement System of Michigan raised its stake in AeroVironment by 3.2% during the second quarter. Municipal Employees Retirement System of Michigan now owns 4,850 shares of the aerospace company’s stock worth $185,000 after purchasing an additional 150 shares during the period. Finally, PNC Financial Services Group Inc. raised its stake in AeroVironment by 0.8% during the first quarter. PNC Financial Services Group Inc. now owns 4,860 shares of the aerospace company’s stock worth $136,000 after purchasing an additional 38 shares during the period. 77.55% of the stock is currently owned by institutional investors.

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.

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

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