AeroVironment (NASDAQ:AVAV) Stock Price Up 5.7%

AeroVironment, Inc. (NASDAQ:AVAV)’s share price traded up 5.7% during trading on Monday . The company traded as high as $60.20 and last traded at $60.01, 233,546 shares were traded during trading. A decline of 0% from the average session volume of 234,357 shares. The stock had previously closed at $56.79.

A number of equities research analysts recently commented on the company. Canaccord Genuity set a $80.00 target price on AeroVironment and gave the stock a “buy” rating in a report on Thursday, September 26th. BidaskClub raised AeroVironment from a “sell” rating to a “hold” rating in a report on Thursday, September 12th. Stifel Nicolaus reissued a “hold” rating on shares of AeroVironment in a report on Thursday, September 26th. Piper Jaffray Companies raised AeroVironment from a “neutral” rating to an “overweight” rating and boosted their price target for the company from $66.00 to $76.00 in a report on Wednesday, October 16th. Finally, William Blair reissued a “buy” rating on shares of AeroVironment in a report on Wednesday, August 21st. Five research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company. AeroVironment has a consensus rating of “Buy” and an average target price of $71.72.

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 firm has a market capitalization of $1.41 billion, a price-to-earnings ratio of 40.55 and a beta of 1.13. The company has a 50 day moving average price of $57.34 and a two-hundred day moving average price of $59.33.

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

In other AeroVironment news, Chairman Timothy E. Conver sold 13,792 shares of the company’s stock in a transaction on Wednesday, August 21st. The stock was sold at an average price of $52.53, for a total value of $724,493.76. Following the completion of the sale, the chairman now directly owns 56,660 shares in the company, valued at approximately $2,976,349.80. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Chairman Timothy E. Conver sold 6,896 shares of the company’s stock in a transaction on Tuesday, August 6th. The shares were sold at an average price of $50.93, for a total value of $351,213.28. Following the completion of the sale, the chairman now owns 56,660 shares of the company’s stock, valued at $2,885,693.80. The disclosure for this sale can be found here. Insiders have sold 48,272 shares of company stock valued at $2,646,754 over the last quarter. 10.50% of the stock is owned by company insiders.

Large investors have recently modified their holdings of the business. Eqis Capital Management Inc. grew its stake in AeroVironment by 18.1% during the 2nd quarter. Eqis Capital Management Inc. now owns 5,569 shares of the aerospace company’s stock worth $316,000 after buying an additional 855 shares during the last quarter. Los Angeles Capital Management & Equity Research Inc. grew its stake in shares of AeroVironment by 66.1% in the 2nd 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 grew its stake in shares of AeroVironment by 38.5% in the 2nd 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. JPMorgan Chase & Co. grew its stake in shares of AeroVironment by 144.4% in the 2nd quarter. JPMorgan Chase & Co. now owns 67,120 shares of the aerospace company’s stock valued at $3,724,000 after purchasing an additional 39,656 shares during the last quarter. Finally, Renaissance Technologies LLC grew its stake in shares of AeroVironment by 85.6% in the 2nd quarter. Renaissance Technologies LLC now owns 296,336 shares of the aerospace company’s stock valued at $16,823,000 after purchasing an additional 136,700 shares during the last quarter. Institutional investors own 83.57% of the company’s stock.

AeroVironment Company Profile (NASDAQ:AVAV)

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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