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.

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

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.

5 Day Chart for NASDAQ:AVAV

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