AeroVironment, Inc. (NASDAQ:AVAV) CFO Kevin Patrick Mcdonnell Sells 508 Shares

AeroVironment, Inc. (NASDAQ:AVAV) CFO Kevin Patrick Mcdonnell sold 508 shares of the business’s stock in a transaction dated Friday, November 1st. The shares were sold at an average price of $216.65, for a total transaction of $110,058.20. Following the completion of the transaction, the chief financial officer now owns 16,868 shares in the company, valued at $3,654,452.20. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.

Kevin Patrick Mcdonnell also recently made the following trade(s):

• On Tuesday, October 1st, Kevin Patrick Mcdonnell sold 878 shares of AeroVironment stock. The stock was sold at an average price of $210.54, for a total value of $184,854.12.
• On Tuesday, September 3rd, Kevin Patrick Mcdonnell sold 396 shares of AeroVironment stock. The stock was sold at an average price of $196.22, for a total value of $77,703.12.

AeroVironment Trading Down 1.5 %

Shares of NASDAQ AVAV opened at $216.32 on Thursday. AeroVironment, Inc. has a 1 year low of $116.51 and a 1 year high of $232.00. The company has a debt-to-equity ratio of 0.01, a current ratio of 4.26 and a quick ratio of 3.04. The firm has a 50-day moving average of $202.38 and a 200 day moving average of $190.03. The stock has a market cap of $6.10 billion, a P/E ratio of 101.56 and a beta of 0.49.

AeroVironment (NASDAQ:AVAV) last released its earnings results on Wednesday, September 4th. The aerospace company reported $0.89 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.61 by $0.28. The firm had revenue of $189.48 million during the quarter, compared to analyst estimates of $183.18 million. AeroVironment had a net margin of 7.82% and a return on equity of 9.87%. The business’s revenue was up 24.4% on a year-over-year basis. During the same period last year, the business earned $1.00 earnings per share. As a group, sell-side analysts expect that AeroVironment, Inc. will post 3.36 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on AVAV shares. BTIG Research restated a “buy” rating and set a $245.00 target price on shares of AeroVironment in a report on Tuesday, September 17th. Baird R W raised shares of AeroVironment from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, August 28th. Royal Bank of Canada cut their target price on shares of AeroVironment from $230.00 to $215.00 and set an “outperform” rating on the stock in a research note on Thursday, September 5th. Robert W. Baird raised shares of AeroVironment from a “neutral” rating to an “outperform” rating and increased their price target for the stock from $161.00 to $220.00 in a research note on Wednesday, August 28th. Finally, Raymond James cut AeroVironment from an “outperform” rating to a “market perform” rating in a research report on Monday, September 16th. One research analyst has rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, AeroVironment presently has a consensus rating of “Buy” and an average price target of $208.20.

Hedge Funds Weigh In On AeroVironment

Several institutional investors and hedge funds have recently modified their holdings of the stock. State of Alaska Department of Revenue increased its stake in AeroVironment by 5.4% during the 1st quarter. State of Alaska Department of Revenue now owns 17,052 shares of the aerospace company’s stock valued at $2,613,000 after purchasing an additional 878 shares in the last quarter. Norden Group LLC bought a new stake in shares of AeroVironment during the first quarter valued at approximately $557,000. Commonwealth Equity Services LLC raised its holdings in AeroVironment by 12.3% in the 1st quarter. Commonwealth Equity Services LLC now owns 4,543 shares of the aerospace company’s stock worth $696,000 after acquiring an additional 499 shares during the last quarter. FORA Capital LLC bought a new position in AeroVironment in the 1st quarter valued at approximately $303,000. Finally, Mutual of America Capital Management LLC boosted its stake in AeroVironment by 4.8% during the 1st quarter. Mutual of America Capital Management LLC now owns 4,821 shares of the aerospace company’s stock valued at $739,000 after purchasing an additional 220 shares during the last quarter. 86.38% of the stock is currently owned by institutional investors.

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.