Wahid Nawabi Sells 17,300 Shares of AeroVironment, Inc. (NASDAQ:AVAV) Stock

AeroVironment, Inc. (NASDAQ:AVAV) CEO Wahid Nawabi sold 17,300 shares of the firm’s stock in a transaction that occurred on Wednesday, July 16th. The shares were sold at an average price of $263.05, for a total transaction of $4,550,765.00. Following the completion of the transaction, the chief executive officer directly owned 122,233 shares of the company’s stock, valued at $32,153,390.65. This represents a 12.40% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

AeroVironment Stock Performance

AeroVironment stock opened at $278.56 on Friday. The business has a 50 day moving average of $205.39 and a 200-day moving average of $169.33. AeroVironment, Inc. has a 1 year low of $102.25 and a 1 year high of $295.90. The company has a debt-to-equity ratio of 0.03, a current ratio of 3.52 and a quick ratio of 2.69. The company has a market capitalization of $13.74 billion, a P/E ratio of 179.72 and a beta of 0.96.

AeroVironment (NASDAQ:AVAV) last issued its quarterly earnings data on Tuesday, June 24th. The aerospace company reported $1.61 earnings per share for the quarter, beating the consensus estimate of $1.41 by $0.20. AeroVironment had a return on equity of 10.68% and a net margin of 5.32%. The business had revenue of $275.05 million for the quarter, compared to analysts’ expectations of $242.69 million. During the same period last year, the business earned $0.43 EPS. The business’s revenue was up 39.6% on a year-over-year basis. On average, equities research analysts predict that AeroVironment, Inc. will post 3.38 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on AVAV. Oppenheimer restated an “outperform” rating on shares of AeroVironment in a research report on Sunday, June 29th. William Blair began coverage on shares of AeroVironment in a report on Sunday, June 29th. They issued an “outperform” rating for the company. Cantor Fitzgerald began coverage on shares of AeroVironment in a research note on Tuesday, July 8th. They set an “overweight” rating and a $335.00 price objective on the stock. Robert W. Baird upped their price objective on shares of AeroVironment from $146.00 to $210.00 and gave the company an “outperform” rating in a research note on Friday, June 6th. Finally, Raymond James Financial set a $225.00 price target on shares of AeroVironment and gave the stock a “strong-buy” rating in a research note on Wednesday, June 25th. One research analyst has rated the stock with a hold rating, thirteen have assigned a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus price target of $268.00.

Institutional Trading of AeroVironment

Hedge funds and other institutional investors have recently bought and sold shares of the stock. ORG Partners LLC grew its stake in shares of AeroVironment by 296.0% in the second quarter. ORG Partners LLC now owns 99 shares of the aerospace company’s stock worth $27,000 after acquiring an additional 74 shares during the last quarter. CoreCap Advisors LLC grew its holdings in AeroVironment by 120.2% during the 4th quarter. CoreCap Advisors LLC now owns 185 shares of the aerospace company’s stock valued at $28,000 after buying an additional 101 shares in the last quarter. MassMutual Private Wealth & Trust FSB grew its holdings in AeroVironment by 171.1% during the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 244 shares of the aerospace company’s stock valued at $29,000 after buying an additional 154 shares in the last quarter. Colonial Trust Advisors purchased a new position in shares of AeroVironment in the 4th quarter worth approximately $31,000. Finally, Accredited Wealth Management LLC bought a new stake in shares of AeroVironment during the 4th quarter worth approximately $31,000. Institutional investors own 86.38% of the company’s stock.

About AeroVironment

AeroVironment, Inc designs, develops, produces, delivers, and supports a portfolio of robotic systems and related services for government agencies and businesses in the United States and internationally. It operates through Small Unmanned Aircraft Systems (SUAS), Tactical Missile System (TMS), Medium Unmanned Aircraft Systems (MUAS), and High Altitude Pseudo-Satellite Systems (HAPS) segments.