AeroVironment, Inc. (AVAV) Chairman Sells $357,200.00 in Stock
AeroVironment, Inc. (NASDAQ:AVAV) Chairman Timothy E. Conver sold 7,600 shares of the business’s stock in a transaction on Friday, February 9th. The shares were sold at an average price of $47.00, for a total transaction of $357,200.00. Following the sale, the chairman now directly owns 58,138 shares in the company, valued at $2,732,486. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.
AeroVironment, Inc. (NASDAQ:AVAV) opened at $48.94 on Wednesday. AeroVironment, Inc. has a one year low of $25.66 and a one year high of $58.99. The firm has a market cap of $1,170.00, a price-to-earnings ratio of 38.54, a PEG ratio of 4.55 and a beta of 1.06.
AeroVironment (NASDAQ:AVAV) last posted its quarterly earnings results on Tuesday, December 5th. The aerospace company reported $0.29 earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.01) by $0.30. AeroVironment had a net margin of 10.42% and a return on equity of 8.23%. The business had revenue of $73.83 million for the quarter, compared to the consensus estimate of $63.53 million. During the same period in the prior year, the business posted ($0.18) earnings per share. AeroVironment’s revenue for the quarter was up 47.3% compared to the same quarter last year. equities research analysts predict that AeroVironment, Inc. will post 0.7 EPS for the current fiscal year.
Several hedge funds and other institutional investors have recently bought and sold shares of AVAV. LS Investment Advisors LLC increased its stake in shares of AeroVironment by 179.6% in the fourth quarter. LS Investment Advisors LLC now owns 2,069 shares of the aerospace company’s stock worth $116,000 after acquiring an additional 1,329 shares during the last quarter. PNC Financial Services Group Inc. increased its stake in shares of AeroVironment by 1.2% in the second quarter. PNC Financial Services Group Inc. now owns 4,916 shares of the aerospace company’s stock worth $187,000 after acquiring an additional 56 shares during the last quarter. Crossmark Global Holdings Inc. acquired a new position in AeroVironment during the fourth quarter worth $238,000. Piedmont Investment Advisors LLC acquired a new position in AeroVironment during the third quarter worth $250,000. Finally, First Manhattan Co. acquired a new position in AeroVironment during the third quarter worth $270,000. 74.20% of the stock is currently owned by institutional investors and hedge funds.
AeroVironment Company Profile
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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