Timothy E. Conver Sells 7,600 Shares of AeroVironment, Inc. (AVAV) Stock

AeroVironment, Inc. (NASDAQ:AVAV) Chairman Timothy E. Conver sold 7,600 shares of AeroVironment stock in a transaction that occurred on Friday, February 9th. The shares were sold at an average price of $47.00, for a total transaction of $357,200.00. Following the transaction, the chairman now directly owns 58,138 shares in the company, valued at $2,732,486. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

AeroVironment, Inc. (NASDAQ:AVAV) traded up $1.27 on Monday, hitting $49.25. 256,345 shares of the stock were exchanged, compared to its average volume of 298,133. The stock has a market capitalization of $1,170.00, a price-to-earnings ratio of 38.78, a P/E/G ratio of 4.55 and a beta of 1.06. AeroVironment, Inc. has a 12 month low of $25.66 and a 12 month high of $58.99.

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

AVAV has been the topic of a number of recent research reports. Robert W. Baird reaffirmed a “hold” rating and set a $35.00 price target on shares of AeroVironment in a research report on Tuesday, October 24th. Zacks Investment Research cut shares of AeroVironment from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, November 1st. ValuEngine cut shares of AeroVironment from a “buy” rating to a “hold” rating in a research report on Wednesday, November 15th. TheStreet raised shares of AeroVironment from a “c+” rating to a “b” rating in a research report on Friday, December 8th. Finally, Canaccord Genuity reaffirmed a “hold” rating and set a $50.00 price target on shares of AeroVironment in a research report on Thursday, December 14th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and one has assigned a buy rating to the stock. AeroVironment currently has a consensus rating of “Hold” and a consensus target price of $42.40.

Several institutional investors and hedge funds have recently bought and sold shares of AVAV. LS Investment Advisors LLC raised its stake in shares of AeroVironment by 179.6% during the fourth quarter. LS Investment Advisors LLC now owns 2,069 shares of the aerospace company’s stock valued at $116,000 after purchasing an additional 1,329 shares during the period. PNC Financial Services Group Inc. raised its stake in shares of AeroVironment by 1.2% during the second 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 period. Crossmark Global Holdings Inc. purchased a new stake in shares of AeroVironment during the fourth quarter valued at approximately $238,000. Piedmont Investment Advisors LLC purchased a new stake in shares of AeroVironment during the third quarter valued at approximately $250,000. Finally, First Manhattan Co. purchased a new stake in shares of AeroVironment during the third quarter valued at approximately $270,000. Institutional investors own 74.20% of the company’s stock.

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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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