AeroVironment Inc. (AVAV) Insider Wahid Nawabi Sells 558 Shares
AeroVironment Inc. (NASDAQ:AVAV) insider Wahid Nawabi sold 558 shares of the stock in a transaction on Thursday, October 6th. The stock was sold at an average price of $23.85, for a total transaction of $13,308.30. Following the transaction, the insider now owns 36,202 shares in the company, valued at approximately $863,417.70. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink.
Shares of AeroVironment Inc. (NASDAQ:AVAV) opened at 22.88 on Thursday. The firm has a 50-day moving average of $24.89 and a 200-day moving average of $27.69. AeroVironment Inc. has a one year low of $20.79 and a one year high of $32.44. The company has a market capitalization of $525.23 million, a P/E ratio of 125.71 and a beta of 1.34.
AeroVironment (NASDAQ:AVAV) last announced its quarterly earnings results on Tuesday, August 30th. The company reported ($0.51) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.17) by $0.34. AeroVironment had a net margin of 1.70% and a return on equity of 1.22%. The company earned $36.20 million during the quarter, compared to the consensus estimate of $37.81 million. During the same period in the previous year, the firm posted ($0.24) EPS. The business’s quarterly revenue was down 23.1% compared to the same quarter last year. Equities research analysts expect that AeroVironment Inc. will post $0.20 EPS for the current fiscal year.
Several research analysts have recently commented on AVAV shares. Zacks Investment Research upgraded shares of AeroVironment from a “hold” rating to a “strong-buy” rating and set a $34.00 price target on the stock in a research note on Tuesday, August 30th. Jefferies Group reiterated a “hold” rating and issued a $27.00 target price (up from $26.00) on shares of AeroVironment in a research note on Wednesday, June 29th. Robert W. Baird assumed coverage on shares of AeroVironment in a research note on Wednesday, October 5th. They issued a “neutral” rating and a $24.00 target price on the stock. Canaccord Genuity set a $28.00 target price on shares of AeroVironment and gave the company a “hold” rating in a research note on Thursday, August 11th. Finally, Raymond James Financial Inc. reiterated a “hold” rating on shares of AeroVironment in a research note on Wednesday, August 31st. Seven analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $28.80.
A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. raised its position in shares of AeroVironment by 6.1% in the second quarter. Vanguard Group Inc. now owns 1,608,751 shares of the company’s stock worth $44,723,000 after buying an additional 92,400 shares during the last quarter. BlackRock Fund Advisors raised its stake in shares of AeroVironment by 5.7% in the second quarter. BlackRock Fund Advisors now owns 1,597,525 shares of the company’s stock worth $44,411,000 after buying an additional 85,516 shares in the last quarter. Neuberger Berman Group LLC raised its stake in shares of AeroVironment by 1.7% in the second quarter. Neuberger Berman Group LLC now owns 756,963 shares of the company’s stock worth $21,044,000 after buying an additional 12,364 shares in the last quarter. BlackRock Institutional Trust Company N.A. raised its stake in shares of AeroVironment by 3.5% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 558,722 shares of the company’s stock worth $15,532,000 after buying an additional 18,938 shares in the last quarter. Finally, Systematic Financial Management LP raised its stake in shares of AeroVironment by 1.8% in the second quarter. Systematic Financial Management LP now owns 299,759 shares of the company’s stock worth $8,333,000 after buying an additional 5,441 shares in the last quarter. 62.74% of the stock is currently owned by hedge funds and other institutional investors.
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.
Receive News & Stock Ratings for AeroVironment Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for AeroVironment Inc. and related stocks with our FREE daily email newsletter.