AeroVironment, Inc. (NASDAQ:AVAV) Chairman Timothy E. Conver sold 7,600 shares of the firm’s stock in a transaction that occurred on Friday, December 15th. The stock was sold at an average price of $55.27, for a total transaction of $420,052.00. Following the transaction, the chairman now directly owns 58,138 shares of the company’s stock, valued at $3,213,287.26. The sale was disclosed in a document filed with the SEC, which is available through this link.

AeroVironment, Inc. (NASDAQ:AVAV) traded up $1.25 during mid-day trading on Monday, reaching $55.75. 1,390,300 shares of the company’s stock traded hands, compared to its average volume of 270,863. The stock has a market cap of $1,370.00, a PE ratio of 42.56, a P/E/G ratio of 5.81 and a beta of 1.16. AeroVironment, Inc. has a 12-month low of $24.70 and a 12-month high of $58.23.

AeroVironment (NASDAQ:AVAV) last released its earnings results on Tuesday, December 5th. The aerospace company reported $0.29 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.01) by $0.30. The firm had revenue of $73.83 million during the quarter, compared to analysts’ expectations of $63.53 million. AeroVironment had a net margin of 10.42% and a return on equity of 8.23%. AeroVironment’s revenue for the quarter was up 47.3% on a year-over-year basis. During the same period in the previous year, the company earned ($0.18) EPS. analysts predict that AeroVironment, Inc. will post 0.64 EPS for the current year.

A number of research analysts have recently weighed in on AVAV shares. TheStreet raised shares of AeroVironment from a “c+” rating to a “b” rating in a research note on Friday, December 8th. Canaccord Genuity reaffirmed a “hold” rating and issued a $50.00 target price on shares of AeroVironment in a research note on Thursday. ValuEngine cut shares of AeroVironment from a “buy” rating to a “hold” rating in a research note on Wednesday, November 15th. Zacks Investment Research raised shares of AeroVironment from a “hold” rating to a “strong-buy” rating and set a $64.00 target price for the company in a research note on Friday, December 8th. Finally, Robert W. Baird reaffirmed a “hold” rating and issued a $35.00 target price on shares of AeroVironment in a research note on Tuesday, October 24th. Seven equities research analysts have rated the stock with a hold rating, The stock has a consensus rating of “Hold” and an average target price of $44.40.

A number of hedge funds have recently added to or reduced their stakes in the business. Sei Investments Co. boosted its holdings in shares of AeroVironment by 1.8% in the 2nd quarter. Sei Investments Co. now owns 3,450 shares of the aerospace company’s stock valued at $132,000 after purchasing an additional 61 shares during the last quarter. Municipal Employees Retirement System of Michigan boosted its holdings in shares of AeroVironment by 3.2% in the 2nd quarter. Municipal Employees Retirement System of Michigan now owns 4,850 shares of the aerospace company’s stock valued at $185,000 after purchasing an additional 150 shares during the last quarter. PNC Financial Services Group Inc. boosted its holdings in shares of AeroVironment by 1.2% in the 2nd quarter. PNC Financial Services Group Inc. now owns 4,916 shares of the aerospace company’s stock valued at $187,000 after purchasing an additional 56 shares during the last quarter. Piedmont Investment Advisors LLC acquired a new position in shares of AeroVironment in the 3rd quarter valued at $250,000. Finally, First Manhattan Co. acquired a new position in shares of AeroVironment in the 3rd quarter valued at $270,000. 74.79% of the stock is owned by hedge funds and other institutional investors.

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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.

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

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