AeroVironment, Inc. (AVAV) Given Consensus Recommendation of “Hold” by Brokerages

Shares of AeroVironment, Inc. (NASDAQ:AVAV) have been assigned an average recommendation of “Hold” from the eight research firms that are covering the company, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation and six have given a hold recommendation to the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is $39.50.

A number of equities research analysts recently weighed in on AVAV shares. Zacks Investment Research raised AeroVironment from a “hold” rating to a “strong-buy” rating and set a $64.00 price target for the company in a report on Friday, December 8th. TheStreet raised AeroVironment from a “c+” rating to a “b” rating in a research note on Friday, December 8th. ValuEngine cut AeroVironment from a “buy” rating to a “hold” rating in a research note on Wednesday, November 15th. BidaskClub cut AeroVironment from a “sell” rating to a “strong sell” rating in a research note on Wednesday, December 27th. Finally, Canaccord Genuity reissued a “hold” rating and issued a $50.00 target price on shares of AeroVironment in a research note on Thursday, December 14th.

In other news, Chairman Timothy E. Conver sold 7,600 shares of the firm’s stock in a transaction on Wednesday, January 10th. The stock was sold at an average price of $53.17, for a total value of $404,092.00. Following the transaction, the chairman now directly owns 58,138 shares in the company, valued at approximately $3,091,197.46. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Chairman Timothy E. Conver sold 3,800 shares of the firm’s stock in a transaction on Wednesday, November 8th. The stock was sold at an average price of $44.14, for a total value of $167,732.00. Following the completion of the transaction, the chairman now owns 58,138 shares in the company, valued at $2,566,211.32. The disclosure for this sale can be found here. Insiders sold a total of 38,000 shares of company stock valued at $1,982,916 over the last three months. Insiders own 11.00% of the company’s stock.

Several large investors have recently bought and sold shares of the company. PNC Financial Services Group Inc. boosted its position 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 worth $187,000 after purchasing an additional 56 shares during the last quarter. Suntrust Banks Inc. boosted its position in shares of AeroVironment by 3.8% in the 2nd quarter. Suntrust Banks Inc. now owns 9,224 shares of the aerospace company’s stock worth $352,000 after purchasing an additional 340 shares during the last quarter. Principal Financial Group Inc. boosted its position in shares of AeroVironment by 0.4% in the 2nd quarter. Principal Financial Group Inc. now owns 156,993 shares of the aerospace company’s stock worth $5,997,000 after purchasing an additional 559 shares during the last quarter. Ameriprise Financial Inc. boosted its position in shares of AeroVironment by 0.5% in the 2nd quarter. Ameriprise Financial Inc. now owns 108,125 shares of the aerospace company’s stock worth $4,131,000 after purchasing an additional 560 shares during the last quarter. Finally, TIAA CREF Investment Management LLC boosted its position in shares of AeroVironment by 1.1% in the 2nd quarter. TIAA CREF Investment Management LLC now owns 55,068 shares of the aerospace company’s stock worth $2,104,000 after purchasing an additional 624 shares during the last quarter. Institutional investors and hedge funds own 74.04% of the company’s stock.

Shares of AeroVironment (AVAV) opened at $52.71 on Friday. AeroVironment has a twelve month low of $24.70 and a twelve month high of $58.99. The firm has a market capitalization of $1,275.15, a price-to-earnings ratio of 40.24, a P/E/G ratio of 5.07 and a beta of 1.16.

AeroVironment (NASDAQ:AVAV) last released its quarterly earnings results on Tuesday, December 5th. The aerospace company reported $0.29 earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.01) by $0.30. AeroVironment had a return on equity of 8.23% and a net margin of 10.42%. The firm had revenue of $73.83 million during the quarter, compared to analysts’ expectations of $63.53 million. During the same period last year, the firm posted ($0.18) EPS. The business’s revenue was up 47.3% on a year-over-year basis. equities research analysts predict that AeroVironment will post 0.7 EPS for the current year.

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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.

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