AeroVironment, Inc. (NASDAQ:AVAV) CFO Sells $110,058.20 in Stock

AeroVironment, Inc. (NASDAQ:AVAV) CFO Kevin Patrick Mcdonnell sold 508 shares of the company’s stock in a transaction that occurred on Friday, November 1st. The stock was sold at an average price of $216.65, for a total value of $110,058.20. Following the transaction, the chief financial officer now directly owns 16,868 shares of the company’s stock, valued at approximately $3,654,452.20. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

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 transaction 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 Up 0.1 %

Shares of AeroVironment stock traded up $0.15 during trading hours on Monday, hitting $216.15. The company’s stock had a trading volume of 94,409 shares, compared to its average volume of 334,063. The company has a debt-to-equity ratio of 0.01, a quick ratio of 3.04 and a current ratio of 4.26. The stock has a market cap of $6.10 billion, a price-to-earnings ratio of 102.19 and a beta of 0.49. The firm has a fifty day moving average of $200.78 and a 200-day moving average of $188.76. AeroVironment, Inc. has a twelve month low of $116.51 and a twelve month high of $227.18.

AeroVironment (NASDAQ:AVAV) last posted its quarterly earnings data 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. AeroVironment had a return on equity of 9.87% and a net margin of 7.82%. The firm had revenue of $189.48 million for the quarter, compared to the consensus estimate of $183.18 million. During the same quarter in the previous year, the business earned $1.00 EPS. The company’s quarterly revenue was up 24.4% compared to the same quarter last year. Research analysts forecast that AeroVironment, Inc. will post 3.36 EPS for the current year.

Institutional Trading of AeroVironment

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

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the company. Alembic Global Advisors upgraded AeroVironment from a “neutral” rating to an “overweight” rating and set a $216.00 price objective on the stock in a report on Wednesday, August 28th. BTIG Research restated a “buy” rating and set a $245.00 price target on shares of AeroVironment in a research report on Tuesday, September 17th. Robert W. Baird upgraded shares of AeroVironment from a “neutral” rating to an “outperform” rating and increased their price objective for the company from $161.00 to $220.00 in a report on Wednesday, August 28th. Royal Bank of Canada dropped their price target on AeroVironment from $230.00 to $215.00 and set an “outperform” rating for the company in a research report on Thursday, September 5th. Finally, Raymond James lowered AeroVironment from an “outperform” rating to a “market perform” rating in a research note on Monday, September 16th. One investment analyst has rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Buy” and an average price target of $208.20.

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.