Insider Selling: AeroVironment, Inc. (NASDAQ:AVAV) VP Sells 735 Shares of Stock
AeroVironment, Inc. (NASDAQ:AVAV) VP Kenneth D. Karklin sold 735 shares of the company’s stock in a transaction dated Friday, July 14th. The stock was sold at an average price of $39.57, for a total transaction of $29,083.95. Following the transaction, the vice president now owns 9,437 shares of the company’s stock, valued at approximately $373,422.09. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
AeroVironment, Inc. (NASDAQ:AVAV) traded down 0.46% during midday trading on Monday, reaching $39.29. 240,033 shares of the company traded hands. The company has a market cap of $914.16 million, a price-to-earnings ratio of 72.76 and a beta of 1.31. AeroVironment, Inc. has a 12-month low of $22.16 and a 12-month high of $40.10. The company has a 50-day moving average price of $31.40 and a 200-day moving average price of $28.31.
AeroVironment (NASDAQ:AVAV) last announced its quarterly earnings data on Tuesday, June 27th. The aerospace company reported $1.30 EPS for the quarter, topping the Zacks’ consensus estimate of $0.99 by $0.31. The firm had revenue of $125.40 million during the quarter, compared to analyst estimates of $122.90 million. AeroVironment had a return on equity of 3.49% and a net margin of 4.71%. The company’s revenue was up 47.9% on a year-over-year basis. During the same period last year, the company earned $0.23 earnings per share. On average, analysts predict that AeroVironment, Inc. will post $0.54 earnings per share for the current fiscal year.
Several research firms have recently commented on AVAV. TheStreet upgraded shares of AeroVironment from a “c-” rating to a “b” rating in a research report on Tuesday, June 27th. Piper Jaffray Companies lowered shares of AeroVironment from an “overweight” rating to a “neutral” rating and upped their price target for the stock from $30.00 to $35.00 in a research report on Monday, July 3rd. Zacks Investment Research raised shares of AeroVironment from a “hold” rating to a “strong-buy” rating and set a $42.00 price objective for the company in a report on Friday, June 30th. Jefferies Group LLC upped their price objective on shares of AeroVironment from $27.00 to $29.00 and gave the stock a “hold” rating in a report on Wednesday, June 28th. Finally, ValuEngine raised shares of AeroVironment from a “sell” rating to a “hold” rating in a report on Friday, June 2nd. Seven analysts have rated the stock with a hold rating and one has assigned a strong buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $31.80.
A number of hedge funds have recently made changes to their positions in AVAV. FMR LLC purchased a new stake in shares of AeroVironment during the fourth quarter worth approximately $3,652,000. AQR Capital Management LLC purchased a new stake in shares of AeroVironment during the fourth quarter worth approximately $208,000. Comerica Bank raised its stake in shares of AeroVironment by 3.7% in the first quarter. Comerica Bank now owns 22,708 shares of the aerospace company’s stock worth $663,000 after buying an additional 817 shares during the last quarter. Essex Investment Management Co. LLC purchased a new stake in shares of AeroVironment during the first quarter worth approximately $1,309,000. Finally, Metropolitan Life Insurance Co. NY raised its stake in shares of AeroVironment by 0.4% in the fourth quarter. Metropolitan Life Insurance Co. NY now owns 13,729 shares of the aerospace company’s stock worth $368,000 after buying an additional 48 shares during the last quarter. Hedge funds and other institutional investors own 81.70% of the company’s stock.
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.
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.