AeroVironment (NASDAQ:AVAV) Stock Price Down 5.2%

Shares of AeroVironment, Inc. (NASDAQ:AVAV) traded down 5.2% during mid-day trading on Wednesday . The company traded as low as $60.24 and last traded at $61.28, 691,189 shares changed hands during trading. An increase of 203% from the average session volume of 228,224 shares. The stock had previously closed at $64.61.

A number of equities research analysts have recently issued reports on the stock. BidaskClub downgraded shares of AeroVironment from a “buy” rating to a “hold” rating in a research report on Thursday, November 21st. Canaccord Genuity set a $80.00 price objective on shares of AeroVironment and gave the company a “buy” rating in a research report on Thursday, September 26th. William Blair reissued a “buy” rating on shares of AeroVironment in a research report on Wednesday, August 21st. Zacks Investment Research downgraded shares of AeroVironment from a “buy” rating to a “hold” rating in a research report on Friday, November 8th. Finally, Piper Jaffray Companies reissued a “buy” rating and set a $76.00 price objective on shares of AeroVironment in a research report on Wednesday, November 20th. Four analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The stock has an average rating of “Buy” and an average price target of $74.92.

The business’s 50-day moving average price is $60.01 and its 200-day moving average price is $58.18. 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 stock has a market cap of $1.47 billion, a P/E ratio of 41.41 and a beta of 1.18.

AeroVironment (NASDAQ:AVAV) last issued its quarterly earnings data on Tuesday, December 3rd. The aerospace company reported $0.34 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.29 by $0.05. AeroVironment had a net margin of 11.52% and a return on equity of 8.55%. The firm had revenue of $83.30 million during the quarter, compared to the consensus estimate of $80.53 million. During the same quarter in the previous year, the firm posted $0.29 EPS. The company’s revenue for the quarter was up 14.1% compared to the same quarter last year. As a group, equities research analysts expect that AeroVironment, Inc. will post 1.65 earnings per share for the current year.

In other news, Chairman Timothy E. Conver sold 6,896 shares of the business’s stock in a transaction on Monday, September 16th. The shares were sold at an average price of $63.10, for a total transaction of $435,137.60. Following the completion of the sale, the chairman now owns 56,660 shares of the company’s stock, valued at approximately $3,575,246. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. In the last three months, insiders have sold 48,272 shares of company stock valued at $2,818,947. Insiders own 10.50% of the company’s stock.

Institutional investors have recently modified their holdings of the stock. Gradient Investments LLC bought a new position in AeroVironment in the 3rd quarter worth $1,132,000. Los Angeles Capital Management & Equity Research Inc. boosted its holdings in 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 worth $2,448,000 after buying an additional 17,163 shares during the period. Rhumbline Advisers boosted its holdings in AeroVironment by 2.6% in the 3rd quarter. Rhumbline Advisers now owns 63,914 shares of the aerospace company’s stock worth $3,423,000 after buying an additional 1,629 shares during the period. Fisher Asset Management LLC boosted its holdings in AeroVironment by 38.5% in the 2nd quarter. Fisher Asset Management LLC now owns 195,630 shares of the aerospace company’s stock worth $11,106,000 after buying an additional 54,403 shares during the period. Finally, State of Tennessee Treasury Department boosted its holdings in AeroVironment by 43.0% in the 3rd quarter. State of Tennessee Treasury Department now owns 16,144 shares of the aerospace company’s stock worth $864,000 after buying an additional 4,856 shares during the period. 85.84% of the stock is owned by institutional investors.

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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