AeroVironment, Inc. (NASDAQ:AVAV) Chairman Timothy E. Conver sold 3,800 shares of AeroVironment stock in a transaction on Wednesday, July 19th. The shares were sold at an average price of $38.14, for a total value of $144,932.00. Following the sale, the chairman now directly owns 58,138 shares of the company’s stock, valued at approximately $2,217,383.32. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

AeroVironment, Inc. (NASDAQ:AVAV) traded up 0.50% during midday trading on Friday, reaching $38.30. The company’s stock had a trading volume of 317,467 shares. AeroVironment, Inc. has a one year low of $22.16 and a one year high of $40.10. The firm has a market cap of $891.13 million, a P/E ratio of 70.93 and a beta of 1.31. The firm has a 50 day moving average price of $34.58 and a 200 day moving average price of $29.48.

AeroVironment (NASDAQ:AVAV) last released its quarterly earnings data on Tuesday, June 27th. The aerospace company reported $1.30 EPS for the quarter, beating the consensus estimate of $0.99 by $0.31. AeroVironment had a net margin of 4.71% and a return on equity of 3.49%. The business had revenue of $125.40 million during the quarter, compared to the consensus estimate of $122.90 million. During the same quarter in the prior year, the firm earned $0.23 EPS. The business’s revenue was up 47.9% on a year-over-year basis. Equities research analysts forecast that AeroVironment, Inc. will post $0.54 EPS for the current fiscal year.

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Several hedge funds and other institutional investors have recently added to or reduced their stakes in AVAV. Essex Investment Management Co. LLC bought a new position in AeroVironment during the first quarter valued at approximately $1,309,000. Granite Investment Partners LLC increased its position in AeroVironment by 11.4% in the first quarter. Granite Investment Partners LLC now owns 332,807 shares of the aerospace company’s stock valued at $9,329,000 after buying an additional 34,127 shares during the period. American Capital Management Inc. increased its position in AeroVironment by 11.3% in the first quarter. American Capital Management Inc. now owns 1,179,552 shares of the aerospace company’s stock valued at $33,063,000 after buying an additional 120,140 shares during the period. Louisiana State Employees Retirement System increased its position in AeroVironment by 1.2% in the first quarter. Louisiana State Employees Retirement System now owns 8,400 shares of the aerospace company’s stock valued at $235,000 after buying an additional 100 shares during the period. Finally, Berson & Corrado Investment Advisors LLC bought a new position in AeroVironment during the first quarter valued at approximately $230,000. 81.70% of the stock is owned by institutional investors and hedge funds.

Several research firms recently issued reports on AVAV. TheStreet raised AeroVironment from a “c-” rating to a “b” rating in a research note on Tuesday, June 27th. Piper Jaffray Companies lowered AeroVironment from an “overweight” rating to a “neutral” rating and lifted their price objective for the company from $30.00 to $35.00 in a research note on Monday, July 3rd. Zacks Investment Research raised AeroVironment from a “hold” rating to a “strong-buy” rating and set a $42.00 price objective for the company in a research note on Friday, June 30th. Jefferies Group LLC lifted their price objective on AeroVironment from $27.00 to $29.00 and gave the company a “hold” rating in a research note on Wednesday, June 28th. Finally, ValuEngine upgraded AeroVironment from a “sell” rating to a “hold” rating in a research report on Friday, June 2nd. Seven analysts have rated the stock with a hold rating and one has given a strong buy rating to the stock. AeroVironment has a consensus rating of “Hold” and a consensus price target of $31.80.

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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