Kevin Patrick Mcdonnell Sells 998 Shares of AeroVironment (NASDAQ:AVAV) Stock

AeroVironment, Inc. (NASDAQ:AVAV) CFO Kevin Patrick Mcdonnell sold 998 shares of the company’s stock in a transaction dated Friday, October 10th. The shares were sold at an average price of $399.74, for a total transaction of $398,940.52. Following the transaction, the chief financial officer owned 19,324 shares in the company, valued at $7,724,575.76. This represents a 4.91% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link.

AeroVironment Stock Performance

AVAV opened at $384.69 on Thursday. AeroVironment, Inc. has a 1-year low of $102.25 and a 1-year high of $417.86. The company has a market cap of $19.21 billion, a price-to-earnings ratio of -601.07, a PEG ratio of 6.81 and a beta of 0.99. The company’s fifty day moving average price is $285.35 and its two-hundred day moving average price is $225.41. The company has a current ratio of 5.96, a quick ratio of 5.12 and a debt-to-equity ratio of 0.16.

AeroVironment (NASDAQ:AVAV) last posted its earnings results on Monday, August 28th. The aerospace company reported $0.12 EPS for the quarter. AeroVironment had a negative net margin of 4.14% and a positive return on equity of 4.67%. The company had revenue of $132.62 million during the quarter. On average, analysts expect that AeroVironment, Inc. will post 3.38 EPS for the current fiscal year.

Hedge Funds Weigh In On AeroVironment

Hedge funds and other institutional investors have recently made changes to their positions in the stock. ORG Partners LLC increased its holdings in AeroVironment by 296.0% during the second quarter. ORG Partners LLC now owns 99 shares of the aerospace company’s stock worth $27,000 after buying an additional 74 shares during the last quarter. RMG Wealth Management LLC bought a new position in shares of AeroVironment during the 2nd quarter valued at approximately $28,000. Bessemer Group Inc. increased its stake in shares of AeroVironment by 60.3% during the 2nd quarter. Bessemer Group Inc. now owns 117 shares of the aerospace company’s stock worth $33,000 after purchasing an additional 44 shares during the last quarter. Spirit of America Management Corp NY purchased a new stake in shares of AeroVironment during the 1st quarter worth approximately $36,000. Finally, BI Asset Management Fondsmaeglerselskab A S bought a new stake in shares of AeroVironment in the 1st quarter worth approximately $40,000. 86.38% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on AVAV. KeyCorp initiated coverage on AeroVironment in a research note on Sunday, June 29th. They issued an “overweight” rating for the company. Canaccord Genuity Group raised their price objective on AeroVironment from $305.00 to $430.00 and gave the company a “buy” rating in a research note on Tuesday, October 7th. JMP Securities lifted their price objective on shares of AeroVironment from $325.00 to $400.00 and gave the stock a “market outperform” rating in a report on Friday, October 3rd. Oppenheimer reiterated an “outperform” rating on shares of AeroVironment in a report on Sunday, June 29th. Finally, The Goldman Sachs Group boosted their price target on shares of AeroVironment from $300.00 to $333.00 and gave the stock a “buy” rating in a report on Thursday, October 2nd. Two research analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Buy” and an average price target of $356.07.

AeroVironment Company Profile

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.