AeroVironment, Inc. (NASDAQ:AVAV) Chairman Timothy E. Conver sold 20,000 shares of the firm’s stock in a transaction dated Friday, May 19th. The shares were sold at an average price of $30.33, for a total transaction of $606,600.00. Following the completion of the sale, the chairman now owns 66,621 shares of the company’s stock, valued at approximately $2,020,614.93. The transaction was disclosed in a document filed with the SEC, which is available at this link.

AeroVironment, Inc. (NASDAQ:AVAV) traded up 1.98% during midday trading on Monday, reaching $31.46. 161,235 shares of the company’s stock traded hands. The stock has a 50-day moving average of $28.92 and a 200 day moving average of $27.43. The company’s market cap is $726.16 million. AeroVironment, Inc. has a 52-week low of $22.16 and a 52-week high of $32.44.

AeroVironment (NASDAQ:AVAV) last posted its earnings results on Tuesday, March 7th. The aerospace company reported ($0.09) EPS for the quarter, topping analysts’ consensus estimates of ($0.34) by $0.25. The firm had revenue of $53.20 million during the quarter, compared to analysts’ expectations of $50.66 million. AeroVironment had a negative net margin of 1.80% and a negative return on equity of 1.21%. The business’s revenue for the quarter was down 21.3% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.27 earnings per share. On average, analysts anticipate that AeroVironment, Inc. will post $0.21 earnings per share for the current fiscal year.

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

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AVAV has been the subject of several research reports. Jefferies Group LLC restated a “hold” rating and issued a $27.00 price objective on shares of AeroVironment in a research report on Tuesday, April 18th. Canaccord Genuity restated a “hold” rating and issued a $29.00 price objective on shares of AeroVironment in a research report on Friday, April 7th. Finally, Zacks Investment Research upgraded shares of AeroVironment from a “sell” rating to a “hold” rating in a research report on Wednesday, March 8th. Six equities research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $29.00.

Hedge funds and other institutional investors have recently bought and sold shares of the company. Allianz Asset Management AG boosted its position in AeroVironment by 116.7% in the fourth quarter. Allianz Asset Management AG now owns 73,786 shares of the aerospace company’s stock worth $1,980,000 after buying an additional 39,740 shares during the period. FMR LLC bought a new position in AeroVironment during the fourth quarter worth approximately $3,652,000. Dimensional Fund Advisors LP boosted its position in AeroVironment by 6.6% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,338,616 shares of the aerospace company’s stock worth $35,915,000 after buying an additional 82,838 shares during the period. State Street Corp boosted its position in AeroVironment by 22.0% in the fourth quarter. State Street Corp now owns 576,013 shares of the aerospace company’s stock worth $15,451,000 after buying an additional 103,833 shares during the period. Finally, S Squared Technology LLC bought a new position in AeroVironment during the fourth quarter worth approximately $450,000. 72.97% of the stock is owned by hedge funds and other 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.

12 Month Chart for NASDAQ:AVAV

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