AeroVironment, Inc. (NASDAQ:AVAV) CFO Kevin Patrick Mcdonnell Sells 396 Shares

AeroVironment, Inc. (NASDAQ:AVAV) CFO Kevin Patrick Mcdonnell sold 396 shares of the firm’s stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of $198.73, for a total transaction of $78,697.08. Following the transaction, the chief financial officer now owns 16,472 shares in the company, valued at $3,273,480.56. This represents a 2.35 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

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

• On Friday, November 1st, Kevin Patrick Mcdonnell sold 508 shares of AeroVironment stock. The shares were sold at an average price of $216.65, for a total value of $110,058.20.
• On Tuesday, October 1st, Kevin Patrick Mcdonnell sold 878 shares of AeroVironment stock. The shares were sold at an average price of $210.54, for a total value of $184,854.12.

AeroVironment Stock Down 5.0 %

NASDAQ:AVAV traded down $10.09 during trading hours on Tuesday, hitting $193.10. 547,149 shares of the company’s stock traded hands, compared to its average volume of 400,362. The stock’s fifty day moving average price is $208.88 and its two-hundred day moving average price is $194.36. The firm has a market cap of $5.45 billion, a P/E ratio of 90.66 and a beta of 0.45. The company has a debt-to-equity ratio of 0.01, a quick ratio of 3.04 and a current ratio of 4.26. AeroVironment, Inc. has a twelve month low of $116.51 and a twelve month high of $236.60.

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

Wall Street Analysts Forecast Growth

AVAV has been the subject of a number of research analyst reports. Royal Bank of Canada cut their price target on shares of AeroVironment from $230.00 to $215.00 and set an “outperform” rating for the company in a report on Thursday, September 5th. BTIG Research restated a “buy” rating and issued a $245.00 price target on shares of AeroVironment in a research report on Tuesday, September 17th. Baird R W upgraded AeroVironment from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, August 28th. Raymond James cut AeroVironment from an “outperform” rating to a “market perform” rating in a report on Monday, September 16th. Finally, Alembic Global Advisors raised AeroVironment from a “neutral” rating to an “overweight” rating and set a $216.00 target price for the company in a report on Wednesday, August 28th. One investment analyst has rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, AeroVironment presently has a consensus rating of “Buy” and an average target price of $211.83.

Hedge Funds Weigh In On AeroVironment

Several institutional investors and hedge funds have recently modified their holdings of AVAV. Security National Bank acquired a new stake in AeroVironment during the third quarter valued at $31,000. Canada Pension Plan Investment Board bought a new stake in shares of AeroVironment in the 2nd quarter valued at approximately $36,000. Truvestments Capital LLC bought a new position in AeroVironment during the third quarter valued at approximately $62,000. Avior Wealth Management LLC grew its position in AeroVironment by 51.0% in the third quarter. Avior Wealth Management LLC now owns 394 shares of the aerospace company’s stock worth $79,000 after acquiring an additional 133 shares in the last quarter. Finally, Arcadia Investment Management Corp MI increased its stake in shares of AeroVironment by 23.1% during the 3rd quarter. Arcadia Investment Management Corp MI now owns 400 shares of the aerospace company’s stock worth $80,000 after purchasing an additional 75 shares during the last quarter. 86.38% of the stock is currently owned by hedge funds and other institutional investors.

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.