Timothy E. Conver Sells 6,896 Shares of AeroVironment, Inc. (AVAV) Stock
AeroVironment, Inc. (NASDAQ:AVAV) Chairman Timothy E. Conver sold 6,896 shares of the company’s stock in a transaction that occurred on Wednesday, May 15th. The stock was sold at an average price of $68.36, for a total value of $471,410.56. Following the sale, the chairman now owns 55,659 shares of the company’s stock, valued at approximately $3,804,849.24. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.
AVAV opened at $66.76 on Monday. The firm has a market cap of $1.60 billion, a P/E ratio of 61.81, a P/E/G ratio of 1.59 and a beta of 1.30. AeroVironment, Inc. has a 52 week low of $54.61 and a 52 week high of $121.32.
AeroVironment (NASDAQ:AVAV) last posted its quarterly earnings data on Tuesday, March 5th. The aerospace company reported $0.35 EPS for the quarter, beating analysts’ consensus estimates of $0.14 by $0.21. The business had revenue of $75.32 million for the quarter, compared to analyst estimates of $75.30 million. AeroVironment had a return on equity of 11.40% and a net margin of 17.48%. Research analysts expect that AeroVironment, Inc. will post 1.49 EPS for the current year.
AVAV has been the subject of several analyst reports. BidaskClub upgraded AeroVironment from a “hold” rating to a “buy” rating in a research note on Tuesday, January 29th. Zacks Investment Research upgraded AeroVironment from a “hold” rating to a “buy” rating and set a $85.00 price target for the company in a research note on Monday, February 11th. Canaccord Genuity upgraded AeroVironment from a “hold” rating to a “buy” rating and upped their price target for the stock from $84.00 to $86.00 in a research note on Tuesday, May 14th. ValuEngine upgraded AeroVironment from a “hold” rating to a “buy” rating in a research report on Tuesday, May 14th. Finally, TheStreet cut AeroVironment from an “a-” rating to a “c+” rating in a research report on Monday, March 11th. Five investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $76.60.
AeroVironment Company Profile
AeroVironment, Inc designs, develops, produces, supports, and operates a portfolio of products and services for government agencies and businesses. The company offers unmanned aircraft systems (UAS) and related services primarily to organizations within the U.S. Department of Defense and to international allied governments; and tactical missile systems and related services to organizations within the U.S.
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