Shares of AeroVironment, Inc. (NASDAQ:AVAV) have been given a consensus recommendation of “Hold” by the eight brokerages that are presently covering the stock, MarketBeat.com reports. One analyst has rated the stock with a sell recommendation and six have assigned a hold recommendation to the company. The average 1-year target price among brokerages that have covered the stock in the last year is $39.50.

AVAV has been the topic of a number of research reports. BidaskClub lowered AeroVironment from a “sell” rating to a “strong sell” rating in a report on Wednesday, December 27th. TheStreet upgraded AeroVironment from a “c+” rating to a “b” rating in a report on Friday, December 8th. Canaccord Genuity restated a “hold” rating and issued a $50.00 price target on shares of AeroVironment in a report on Thursday, December 14th. ValuEngine lowered AeroVironment from a “buy” rating to a “hold” rating in a report on Wednesday, November 15th. Finally, Zacks Investment Research upgraded AeroVironment from a “hold” rating to a “strong-buy” rating and set a $64.00 price target on the stock in a report on Friday, December 8th.

Shares of AeroVironment (NASDAQ:AVAV) opened at $52.71 on Friday. The company has a market capitalization of $1,275.15, a PE ratio of 40.24, a PEG ratio of 5.07 and a beta of 1.16. AeroVironment has a twelve month low of $24.70 and a twelve month high of $58.99.

AeroVironment (NASDAQ:AVAV) last issued its quarterly earnings results on Tuesday, December 5th. The aerospace company reported $0.29 EPS for the quarter, beating analysts’ consensus estimates of ($0.01) by $0.30. The company had revenue of $73.83 million for the quarter, compared to analyst estimates of $63.53 million. AeroVironment had a return on equity of 8.23% and a net margin of 10.42%. The company’s quarterly revenue was up 47.3% compared to the same quarter last year. During the same period in the previous year, the company posted ($0.18) earnings per share. equities analysts forecast that AeroVironment will post 0.7 EPS for the current fiscal year.

In other AeroVironment news, Chairman Timothy E. Conver sold 7,600 shares of the business’s stock in a transaction that occurred on Wednesday, January 10th. The stock was sold at an average price of $53.17, for a total transaction of $404,092.00. Following the transaction, the chairman now owns 58,138 shares of the company’s stock, valued at $3,091,197.46. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, Chairman Timothy E. Conver sold 3,800 shares of the business’s stock in a transaction that occurred on Thursday, December 27th. The stock was sold at an average price of $56.90, for a total value of $216,220.00. Following the transaction, the chairman now directly owns 58,138 shares in the company, valued at approximately $3,308,052.20. The disclosure for this sale can be found here. In the last ninety days, insiders sold 38,000 shares of company stock worth $1,982,916. 11.00% of the stock is owned by company insiders.

A number of hedge funds and other institutional investors have recently made changes to their positions in AVAV. Schwab Charles Investment Management Inc. increased its position in AeroVironment by 7.7% during the second quarter. Schwab Charles Investment Management Inc. now owns 98,396 shares of the aerospace company’s stock worth $3,759,000 after buying an additional 7,063 shares during the last quarter. Legal & General Group Plc increased its position in AeroVironment by 9.0% during the second quarter. Legal & General Group Plc now owns 37,785 shares of the aerospace company’s stock worth $1,442,000 after buying an additional 3,112 shares during the last quarter. Principal Financial Group Inc. increased its position in AeroVironment by 0.4% during the second quarter. Principal Financial Group Inc. now owns 156,993 shares of the aerospace company’s stock worth $5,997,000 after buying an additional 559 shares during the last quarter. Wells Fargo & Company MN increased its position in AeroVironment by 13.3% during the second quarter. Wells Fargo & Company MN now owns 23,036 shares of the aerospace company’s stock worth $880,000 after buying an additional 2,711 shares during the last quarter. Finally, Alliancebernstein L.P. increased its position in AeroVironment by 30.0% during the second quarter. Alliancebernstein L.P. now owns 24,671 shares of the aerospace company’s stock worth $942,000 after buying an additional 5,700 shares during the last quarter. 74.04% of the stock is currently owned by hedge funds and other institutional investors.

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About AeroVironment

AeroVironment, Inc designs, develops, produces, supports and operates a portfolio of products and services for government agencies, businesses and consumers. The Company operates through two segments: Unmanned Aircraft Systems (UAS), which focuses primarily on the design, development, production, support and operation of UAS and tactical missile systems that provide situational awareness, multi-band communications, force protection and other mission effects, and Efficient Energy Systems (EES), which focuses primarily on the design, development, production, marketing, support and operation of electric energy systems.

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