AeroVironment Inc. (NASDAQ:AVAV) Chairman Timothy E. Conver sold 55,250 shares of the stock in a transaction that occurred on Tuesday, November 22nd. The stock was sold at an average price of $27.41, for a total value of $1,514,402.50. Following the completion of the transaction, the chairman now directly owns 51,803 shares of the company’s stock, valued at approximately $1,419,920.23. The sale was disclosed in a filing with the SEC, which is accessible through this link.

Shares of AeroVironment Inc. (NASDAQ:AVAV) opened at 28.59 on Friday. The stock has a market capitalization of $656.31 million, a P/E ratio of 157.09 and a beta of 1.25. The firm’s 50-day moving average price is $24.69 and its 200 day moving average price is $26.95. AeroVironment Inc. has a 52 week low of $22.16 and a 52 week high of $32.44.

AeroVironment (NASDAQ:AVAV) last announced its quarterly earnings results on Tuesday, August 30th. The company reported ($0.51) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.17) by $0.34. The firm earned $36.20 million during the quarter, compared to analysts’ expectations of $37.81 million. AeroVironment had a net margin of 1.70% and a return on equity of 1.22%. The firm’s revenue for the quarter was down 23.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($0.24) EPS. Analysts expect that AeroVironment Inc. will post $0.22 earnings per share for the current year.

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

Several research analysts have recently issued reports on AVAV shares. Canaccord Genuity started coverage on AeroVironment in a research report on Thursday, October 13th. They issued a “hold” rating and a $27.00 target price for the company. 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 on the stock. Zacks Investment Research upgraded AeroVironment from a “strong sell” rating to a “hold” rating in a research note on Tuesday, November 1st. Piper Jaffray Cos. cut their price target on AeroVironment from $37.00 to $31.00 and set an “overweight” rating on the stock in a research note on Wednesday, August 31st. Finally, Raymond James Financial Inc. restated 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 given a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $28.60.

Several hedge funds have recently made changes to their positions in the stock. Municipal Employees Retirement System of Michigan raised its stake in shares of AeroVironment by 1.6% in the third quarter. Municipal Employees Retirement System of Michigan now owns 4,550 shares of the company’s stock worth $111,000 after buying an additional 70 shares during the last quarter. Arizona State Retirement System raised its stake in shares of AeroVironment by 1.9% in the second quarter. Arizona State Retirement System now owns 10,698 shares of the company’s stock worth $297,000 after buying an additional 200 shares during the last quarter. Connors Investor Services Inc. raised its stake in shares of AeroVironment by 0.3% in the second quarter. Connors Investor Services Inc. now owns 89,947 shares of the company’s stock worth $2,501,000 after buying an additional 292 shares during the last quarter. California State Teachers Retirement System raised its stake in shares of AeroVironment by 0.7% in the third quarter. California State Teachers Retirement System now owns 43,230 shares of the company’s stock worth $1,055,000 after buying an additional 300 shares during the last quarter. Finally, BlackRock Advisors LLC raised its stake in shares of AeroVironment by 3.8% in the second quarter. BlackRock Advisors LLC now owns 9,875 shares of the company’s stock worth $275,000 after buying an additional 364 shares during the last quarter. Hedge funds and other institutional investors own 69.46% of the company’s stock.

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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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