AeroVironment, Inc. (NASDAQ:AVAV) Chairman Timothy E. Conver sold 12,500 shares of AeroVironment stock in a transaction on Wednesday, April 28th. The shares were sold at an average price of $111.88, for a total transaction of $1,398,500.00. Following the sale, the chairman now directly owns 45,115 shares of the company’s stock, valued at approximately $5,047,466.20. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website.
Shares of AVAV stock opened at $109.75 on Tuesday. The stock’s 50 day simple moving average is $114.33 and its 200 day simple moving average is $102.72. AeroVironment, Inc. has a twelve month low of $57.61 and a twelve month high of $143.71. The company has a market capitalization of $2.71 billion, a price-to-earnings ratio of 92.23 and a beta of 0.58.
AeroVironment (NASDAQ:AVAV) last announced its quarterly earnings results on Tuesday, March 9th. The aerospace company reported $0.14 EPS for the quarter, beating the consensus estimate of $0.01 by $0.13. The company had revenue of $78.78 million for the quarter, compared to the consensus estimate of $75.83 million. AeroVironment had a return on equity of 7.85% and a net margin of 7.59%. The company’s revenue for the quarter was up 27.3% compared to the same quarter last year. During the same quarter last year, the company posted ($0.01) earnings per share. Sell-side analysts predict that AeroVironment, Inc. will post 1.87 earnings per share for the current fiscal year.
Several brokerages recently issued reports on AVAV. Stifel Nicolaus lowered AeroVironment from a “buy” rating to a “hold” rating and increased their price objective for the stock from $103.00 to $120.00 in a report on Friday, January 15th. Robert W. Baird reiterated a “buy” rating on shares of AeroVironment in a report on Sunday, March 7th. Zacks Investment Research cut AeroVironment from a “buy” rating to a “hold” rating in a research note on Tuesday, March 16th. TheStreet lowered shares of AeroVironment from a “b-” rating to a “c” rating in a research report on Tuesday, March 9th. Finally, Canaccord Genuity reissued a “buy” rating and issued a $100.00 target price on shares of AeroVironment in a research report on Thursday, January 14th. Two analysts have rated the stock with a hold rating and five have given a buy rating to the company. AeroVironment currently has a consensus rating of “Buy” and an average target price of $117.50.
AeroVironment Company Profile
AeroVironment, Inc designs, develops, produces, supports, and operates a portfolio of products and services for government agencies and businesses. The company supplies 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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