AeroVironment Inc. (NASDAQ:AVAV) has been given an average recommendation of “Hold” by the eight brokerages that are covering the company. Seven analysts have rated the stock with a hold rating and one has issued a buy rating on the company. The average 12 month price objective among analysts that have covered the stock in the last year is $27.50.

Several analysts recently issued reports on AVAV shares. Zacks Investment Research downgraded AeroVironment from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, August 31st. Jefferies Group restated a “hold” rating and issued a $27.00 price target (up from $26.00) on shares of AeroVironment in a research note on Wednesday, June 29th. Piper Jaffray Cos. reduced their price target on AeroVironment from $37.00 to $31.00 and set an “overweight” rating for the company in a research note on Wednesday, August 31st. Canaccord Genuity set a $28.00 price target on AeroVironment and gave the company a “hold” rating in a research note on Thursday, August 11th. Finally, Robert W. Baird started coverage on AeroVironment in a research note on Wednesday, October 5th. They issued a “neutral” rating and a $24.00 price target for the company.

In other news, Chairman Timothy E. Conver sold 11,700 shares of the business’s stock in a transaction on Wednesday, July 20th. The stock was sold at an average price of $27.56, for a total transaction of $322,452.00. Following the completion of the transaction, the chairman now owns 51,803 shares of the company’s stock, valued at approximately $1,427,690.68. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Chairman Timothy E. Conver sold 4,250 shares of the business’s stock in a transaction on Tuesday, August 30th. The stock was sold at an average price of $29.81, for a total value of $126,692.50. Following the transaction, the chairman now directly owns 51,803 shares of the company’s stock, valued at approximately $1,544,247.43. The disclosure for this sale can be found here. Insiders own 12.50% of the company’s stock.

Several institutional investors have recently bought and sold shares of the company. Mason Street Advisors LLC acquired a new position in AeroVironment during the second quarter worth approximately $112,000. Wolverine Asset Management LLC boosted its position in AeroVironment by 15.7% in the second quarter. Wolverine Asset Management LLC now owns 61,309 shares of the company’s stock worth $1,704,000 after buying an additional 8,300 shares during the period. Royal Bank of Canada boosted its position in AeroVironment by 97.8% in the second quarter. Royal Bank of Canada now owns 3,704 shares of the company’s stock worth $103,000 after buying an additional 1,831 shares during the period. Schwab Charles Investment Management Inc. boosted its position in AeroVironment by 2.0% in the second quarter. Schwab Charles Investment Management Inc. now owns 77,974 shares of the company’s stock worth $2,168,000 after buying an additional 1,536 shares during the period. Finally, Metropolitan Life Insurance Co. NY boosted its position in AeroVironment by 4.9% in the second quarter. Metropolitan Life Insurance Co. NY now owns 13,681 shares of the company’s stock worth $380,000 after buying an additional 636 shares during the period. 62.74% of the stock is owned by institutional investors.

Shares of AeroVironment (NASDAQ:AVAV) opened at 23.42 on Friday. The stock has a 50 day moving average price of $25.41 and a 200-day moving average price of $27.79. AeroVironment has a 52 week low of $20.79 and a 52 week high of $32.44. The firm has a market capitalization of $537.63 million, a price-to-earnings ratio of 128.68 and a beta of 1.34.

AeroVironment (NASDAQ:AVAV) last released its quarterly earnings results on Tuesday, August 30th. The company reported ($0.51) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.17) by $0.34. The firm earned $36.20 million during the quarter, compared to the consensus estimate of $37.81 million. AeroVironment had a net margin of 1.70% and a return on equity of 1.22%. The business’s revenue for the quarter was down 23.1% compared to the same quarter last year. During the same quarter last year, the firm earned ($0.24) earnings per share. On average, equities research analysts forecast that AeroVironment will post $0.20 earnings per share for the current year.

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.

5 Day Chart for NASDAQ:AVAV

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