AeroVironment, Inc. (NASDAQ:AVAV) Chairman Timothy E. Conver sold 7,600 shares of the stock in a transaction dated Thursday, October 19th. The shares were sold at an average price of $51.12, for a total value of $388,512.00. Following the completion of the sale, the chairman now directly owns 58,138 shares of the company’s stock, valued at approximately $2,972,014.56. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Shares of AeroVironment, Inc. (NASDAQ:AVAV) opened at 52.65 on Friday. The stock has a 50 day moving average price of $51.86 and a 200 day moving average price of $38.30. AeroVironment, Inc. has a 52 week low of $22.62 and a 52 week high of $55.75. The firm has a market cap of $1.23 billion, a PE ratio of 62.01 and a beta of 1.29.

AeroVironment (NASDAQ:AVAV) last released its earnings results on Tuesday, August 29th. The aerospace company reported ($0.19) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.34) by $0.15. AeroVironment had a return on equity of 5.40% and a net margin of 7.22%. The company had revenue of $43.80 million during the quarter, compared to analyst estimates of $42.44 million. During the same quarter in the previous year, the company posted ($0.51) EPS. AeroVironment’s revenue for the quarter was up 21.0% on a year-over-year basis. Equities analysts expect that AeroVironment, Inc. will post $0.61 earnings per share for the current year.

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Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Fisher Asset Management LLC bought a new stake in shares of AeroVironment in the 3rd quarter valued at about $1,904,000. Lord Abbett & CO. LLC bought a new stake in shares of AeroVironment in the 2nd quarter valued at about $3,642,000. Dynamic Technology Lab Private Ltd bought a new stake in shares of AeroVironment in the 2nd quarter valued at about $757,000. Argent Capital Management LLC bought a new stake in shares of AeroVironment in the 2nd quarter valued at about $1,331,000. Finally, Migdal Insurance & Financial Holdings Ltd. lifted its stake in shares of AeroVironment by 49.6% in the 2nd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 17,273 shares of the aerospace company’s stock valued at $630,000 after acquiring an additional 5,727 shares during the last quarter. 77.54% of the stock is owned by institutional investors.

Several brokerages have recently weighed in on AVAV. Canaccord Genuity increased their price target on AeroVironment from $40.00 to $48.00 and gave the company a “hold” rating in a research note on Wednesday, October 4th. Piper Jaffray Companies reissued a “neutral” rating and issued a $36.00 price target on shares of AeroVironment in a research note on Thursday, August 31st. Jefferies Group LLC increased their price target on AeroVironment from $29.00 to $37.00 and gave the company a “hold” rating in a research note on Wednesday, August 30th. Robert W. Baird reissued a “hold” rating and issued a $35.00 price target on shares of AeroVironment in a research note on Monday, August 28th. Finally, TheStreet raised AeroVironment from a “c-” rating to a “b” rating in a research note on Tuesday, June 27th. Six analysts have rated the stock with a hold rating, The stock has an average rating of “Hold” and a consensus target price of $39.00.

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)

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