AeroVironment, Inc. (AVAV) Chairman Timothy E. Conver Sells 7,600 Shares

AeroVironment, Inc. (NASDAQ:AVAV) Chairman Timothy E. Conver sold 7,600 shares of the firm’s stock in a transaction that occurred on Wednesday, October 4th. The stock was sold at an average price of $54.00, for a total value of $410,400.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Shares of AeroVironment, Inc. (NASDAQ:AVAV) traded down 0.63% on Friday, hitting $53.30. The company’s stock had a trading volume of 212,473 shares. The company has a 50 day moving average of $48.26 and a 200 day moving average of $36.48. The firm has a market cap of $1.24 billion, a PE ratio of 62.78 and a beta of 1.29. AeroVironment, Inc. has a 1-year low of $22.16 and a 1-year high of $55.75.

AeroVironment (NASDAQ:AVAV) last posted its earnings results on Tuesday, August 29th. The aerospace company reported ($0.19) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.34) by $0.15. The company had revenue of $43.80 million during the quarter, compared to analyst estimates of $42.44 million. AeroVironment had a return on equity of 5.40% and a net margin of 7.22%. The business’s revenue was up 21.0% compared to the same quarter last year. During the same period in the prior year, the company earned ($0.51) earnings per share. Equities analysts forecast that AeroVironment, Inc. will post $0.61 EPS for the current year.

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Several research analysts have weighed in on the company. Piper Jaffray Companies reiterated a “neutral” rating and issued a $36.00 target price on shares of AeroVironment in a research note on Thursday, August 31st. Jefferies Group LLC lifted their target price on AeroVironment from $29.00 to $37.00 and gave the company a “hold” rating in a research note on Wednesday, August 30th. TheStreet upgraded AeroVironment from a “c-” rating to a “b” rating in a research note on Tuesday, June 27th. Canaccord Genuity lifted their target price on AeroVironment from $35.00 to $40.00 and gave the company a “hold” rating in a research note on Wednesday, August 30th. Finally, Robert W. Baird reiterated a “hold” rating and issued a $35.00 target price on shares of AeroVironment in a research note on Monday, August 28th. Six research analysts have rated the stock with a hold rating, The company has an average rating of “Hold” and an average target price of $39.00.

Large investors have recently bought and sold shares of the company. Comerica Bank grew its holdings in shares of AeroVironment by 3.7% during the first quarter. Comerica Bank now owns 22,708 shares of the aerospace company’s stock valued at $663,000 after purchasing an additional 817 shares during the last quarter. BlackRock Inc. grew its holdings in shares of AeroVironment by 216,094.4% during the first quarter. BlackRock Inc. now owns 3,216,973 shares of the aerospace company’s stock valued at $90,172,000 after purchasing an additional 3,215,485 shares during the last quarter. Global X Management Co. LLC grew its holdings in shares of AeroVironment by 1,020.0% during the first quarter. Global X Management Co. LLC now owns 12,936 shares of the aerospace company’s stock valued at $363,000 after purchasing an additional 11,781 shares during the last quarter. Wellington Shields & Co. LLC bought a new position in shares of AeroVironment during the second quarter valued at approximately $1,375,000. Finally, Baillie Gifford & Co. grew its holdings in shares of AeroVironment by 19.8% during the second quarter. Baillie Gifford & Co. now owns 344,710 shares of the aerospace company’s stock valued at $13,167,000 after purchasing an additional 57,000 shares during the last quarter. 77.55% of the stock is 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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