AeroVironment Inc. (NASDAQ:AVAV)’s share price was up 4.4% during mid-day trading on Wednesday . The stock traded as high as $24.74 and last traded at $24.72, with a volume of 106,818 shares changing hands. The stock had previously closed at $23.67.

Several equities analysts recently issued reports on AVAV shares. Piper Jaffray Cos. reissued a “buy” rating and issued a $36.00 target price on shares of AeroVironment in a research report on Wednesday, June 1st. Zacks Investment Research raised shares of AeroVironment from a “hold” rating to a “strong-buy” rating and set a $34.00 price target on the stock in a report on Tuesday, August 30th. Canaccord Genuity reaffirmed a “hold” rating on shares of AeroVironment in a report on Wednesday, June 29th. Raymond James Financial Inc. reaffirmed a “hold” rating on shares of AeroVironment in a report on Wednesday, August 31st. Finally, Jefferies Group reaffirmed a “hold” rating and issued a $27.00 price target on shares of AeroVironment in a report on Friday, August 12th. Six equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. AeroVironment presently has an average rating of “Hold” and a consensus price target of $30.00.

The stock has a 50 day moving average of $26.95 and a 200-day moving average of $28.06. The stock has a market cap of $582.16 million, a price-to-earnings ratio of 139.34 and a beta of 1.23.

This story is the sole property of American Banking News and it was originally published by American Banking News. If you are reading this story on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. The original version of this article is available at http://www.americanbankingnews.com/2016/09/21/aerovironment-inc-avav-trading-up-4-4.html

AeroVironment (NASDAQ:AVAV) last released its quarterly earnings data on Tuesday, August 30th. The company reported ($0.51) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.17) by $0.34. The firm had revenue of $36.20 million for the quarter, compared to analysts’ expectations of $37.81 million. AeroVironment had a return on equity of 1.22% and a net margin of 1.70%. AeroVironment’s revenue for the quarter was down 23.1% on a year-over-year basis. During the same period last year, the firm posted ($0.24) earnings per share. On average, equities research analysts predict that AeroVironment Inc. will post $0.20 earnings per share for the current year.

In related news, Chairman Timothy E. Conver sold 11,700 shares of AeroVironment stock in a transaction on Wednesday, July 20th. The shares were sold at an average price of $27.56, for a total transaction of $322,452.00. Following the sale, the chairman now directly owns 51,803 shares in the company, valued at approximately $1,427,690.68. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Raymond D. Cook sold 1,121 shares of AeroVironment stock in a transaction on Tuesday, July 12th. The stock was sold at an average price of $27.49, for a total transaction of $30,816.29. Following the sale, the chief financial officer now owns 13,879 shares in the company, valued at $381,533.71. The disclosure for this sale can be found here. Insiders own 12.50% of the company’s stock.

A number of large investors have recently made changes to their positions in AVAV. Royal Bank of Canada raised its stake in shares of AeroVironment by 97.8% in the second quarter. Royal Bank of Canada now owns 3,704 shares of the company’s stock valued at $103,000 after buying an additional 1,831 shares in the last quarter. Mason Street Advisors LLC bought a new stake in shares of AeroVironment during the second quarter valued at approximately $112,000. Raymond James & Associates bought a new stake in shares of AeroVironment during the second quarter valued at approximately $203,000. Commonwealth Equity Services Inc bought a new stake in shares of AeroVironment during the second quarter valued at approximately $206,000. Finally, Princeton Alpha Management LP bought a new stake in shares of AeroVironment during the second quarter valued at approximately $263,000. Hedge funds and other institutional investors own 62.74% of the company’s stock.

About AeroVironment

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.

5 Day Chart for NASDAQ:AVAV

Receive News & Ratings for AeroVironment Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for AeroVironment Inc. and related companies with MarketBeat.com's FREE daily email newsletter.