AeroVironment, Inc. (NASDAQ:AVAV) Chairman Timothy E. Conver sold 7,600 shares of the stock in a transaction on Wednesday, August 23rd. The shares were sold at an average price of $39.04, for a total transaction of $296,704.00. Following the completion of the transaction, the chairman now owns 58,138 shares of the company’s stock, valued at approximately $2,269,707.52. The sale was disclosed in a filing with the SEC, which is accessible through this link.

Shares of AeroVironment, Inc. (NASDAQ:AVAV) traded down 0.33% during trading on Friday, hitting $38.83. 119,133 shares of the stock were exchanged. AeroVironment, Inc. has a 1-year low of $22.16 and a 1-year high of $40.10. The company has a market cap of $903.46 million, a P/E ratio of 71.91 and a beta of 1.31. The firm’s 50-day moving average is $38.26 and its 200 day moving average is $31.58.

AeroVironment (NASDAQ:AVAV) last issued its earnings results on Tuesday, June 27th. The aerospace company reported $1.30 EPS for the quarter, topping the consensus estimate of $0.99 by $0.31. AeroVironment had a return on equity of 3.49% and a net margin of 4.71%. The business had revenue of $125.40 million during the quarter, compared to the consensus estimate of $122.90 million. During the same quarter last year, the company earned $0.23 EPS. The firm’s revenue was up 47.9% compared to the same quarter last year. Equities analysts forecast that AeroVironment, Inc. will post $0.54 earnings per share for the current fiscal year.

COPYRIGHT VIOLATION WARNING: “AeroVironment, Inc. (AVAV) Chairman Timothy E. Conver Sells 7,600 Shares” was reported by The Cerbat Gem and is the property of of The Cerbat Gem. If you are viewing this report on another site, it was illegally stolen and republished in violation of US and international copyright & trademark laws. The legal version of this report can be viewed at https://www.thecerbatgem.com/2017/08/25/aerovironment-inc-avav-chairman-timothy-e-conver-sells-7600-shares.html.

Several hedge funds have recently added to or reduced their stakes in AVAV. AQR Capital Management LLC acquired a new stake in AeroVironment during the fourth quarter valued at $208,000. Comerica Bank boosted its stake in AeroVironment by 3.7% in the first quarter. Comerica Bank now owns 22,708 shares of the aerospace company’s stock valued at $663,000 after buying an additional 817 shares during the last quarter. Essex Investment Management Co. LLC acquired a new stake in AeroVironment during the first quarter valued at $1,309,000. BlackRock Inc. boosted its stake in AeroVironment by 216,094.4% in the first quarter. BlackRock Inc. now owns 3,216,973 shares of the aerospace company’s stock valued at $90,172,000 after buying an additional 3,215,485 shares during the last quarter. Finally, Teachers Advisors LLC boosted its stake in AeroVironment by 6.4% in the fourth quarter. Teachers Advisors LLC now owns 35,318 shares of the aerospace company’s stock valued at $948,000 after buying an additional 2,113 shares during the last quarter. 82.45% of the stock is currently owned by hedge funds and other institutional investors.

A number of brokerages have recently issued reports on AVAV. Canaccord Genuity restated a “hold” rating and issued a $35.00 price objective on shares of AeroVironment in a research note on Thursday, August 10th. Piper Jaffray Companies cut shares of AeroVironment from an “overweight” rating to a “neutral” rating and increased their price objective for the company from $30.00 to $35.00 in a research note on Monday, July 3rd. TheStreet upgraded shares of AeroVironment from a “c-” rating to a “b” rating in a research note on Tuesday, June 27th. Zacks Investment Research upgraded shares of AeroVironment from a “hold” rating to a “strong-buy” rating and set a $42.00 price objective for the company in a research note on Friday, June 30th. Finally, BidaskClub cut shares of AeroVironment from a “buy” rating to a “hold” rating in a research note on Wednesday, August 16th. Eight equities research analysts have rated the stock with a hold rating and one has given a strong buy rating to the company. AeroVironment has a consensus rating of “Hold” and an average price target of $33.00.

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)

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.