AeroVironment, Inc. (NASDAQ:AVAV) Chairman Timothy E. Conver Sells 6,896 Shares

AeroVironment, Inc. (NASDAQ:AVAV) Chairman Timothy E. Conver sold 6,896 shares of the firm’s stock in a transaction dated Wednesday, November 20th. The shares were sold at an average price of $60.48, for a total value of $417,070.08. Following the transaction, the chairman now directly owns 56,032 shares in the company, valued at $3,388,815.36. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Shares of NASDAQ AVAV traded down $0.87 during trading hours on Friday, hitting $58.30. The company’s stock had a trading volume of 10,696 shares, compared to its average volume of 135,439. The company has a debt-to-equity ratio of 0.02, a quick ratio of 9.26 and a current ratio of 10.56. The stock has a market cap of $1.46 billion, a price-to-earnings ratio of 39.39 and a beta of 1.15. AeroVironment, Inc. has a 12 month low of $48.61 and a 12 month high of $95.38. The business has a 50-day simple moving average of $58.42 and a 200-day simple moving average of $58.51.

AeroVironment (NASDAQ:AVAV) last posted its earnings results on Wednesday, September 4th. The aerospace company reported $0.74 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.35 by $0.39. The company had revenue of $86.91 million for the quarter, compared to analysts’ expectations of $85.25 million. AeroVironment had a return on equity of 8.55% and a net margin of 11.52%. On average, equities research analysts forecast that AeroVironment, Inc. will post 1.65 EPS for the current year.

Several hedge funds and other institutional investors have recently bought and sold shares of AVAV. Eqis Capital Management Inc. lifted its holdings in shares of AeroVironment by 18.1% during the second quarter. Eqis Capital Management Inc. now owns 5,569 shares of the aerospace company’s stock valued at $316,000 after purchasing an additional 855 shares during the last quarter. Gradient Investments LLC purchased a new position in shares of AeroVironment during the third quarter valued at approximately $1,132,000. Los Angeles Capital Management & Equity Research Inc. lifted its holdings in shares of AeroVironment by 66.1% during the second quarter. Los Angeles Capital Management & Equity Research Inc. now owns 43,113 shares of the aerospace company’s stock valued at $2,448,000 after purchasing an additional 17,163 shares during the last quarter. Fisher Asset Management LLC lifted its holdings in shares of AeroVironment by 38.5% during the second quarter. Fisher Asset Management LLC now owns 195,630 shares of the aerospace company’s stock valued at $11,106,000 after purchasing an additional 54,403 shares during the last quarter. Finally, Man Group plc lifted its holdings in shares of AeroVironment by 133.6% during the second quarter. Man Group plc now owns 28,606 shares of the aerospace company’s stock valued at $1,624,000 after purchasing an additional 16,358 shares during the last quarter. 86.37% of the stock is currently owned by institutional investors.

A number of research analysts have recently issued reports on the company. Canaccord Genuity set a $80.00 price objective on AeroVironment and gave the company a “buy” rating in a research note on Thursday, September 26th. Zacks Investment Research cut AeroVironment from a “buy” rating to a “hold” rating in a research note on Friday, November 8th. Piper Jaffray Companies reaffirmed a “buy” rating and set a $76.00 price objective on shares of AeroVironment in a research note on Wednesday. William Blair reaffirmed a “buy” rating on shares of AeroVironment in a research note on Wednesday, August 21st. Finally, BidaskClub cut AeroVironment from a “buy” rating to a “hold” rating in a research note on Thursday. Six investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $71.72.

About AeroVironment

AeroVironment, Inc designs, develops, produces, supports, and operates a portfolio of products and services for government agencies and businesses. The company offers unmanned aircraft systems (UAS) and related services primarily to organizations within the U.S. Department of Defense and to international allied governments; and tactical missile systems and related services to organizations within the U.S.

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

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