AeroVironment Inc. (NASDAQ:AVAV) has been given an average recommendation of “Hold” by the eight research firms that are currently covering the stock. Seven equities research analysts have rated the stock with a hold recommendation and one has given a buy recommendation to the company. The average twelve-month price target among analysts that have covered the stock in the last year is $27.50.
Several research analysts have recently issued reports on AVAV shares. Robert W. Baird started coverage on shares of AeroVironment in a report on Wednesday. They issued a “neutral” rating and a $24.00 target price for the company. Raymond James Financial Inc. reiterated a “hold” rating on shares of AeroVironment in a research note on Wednesday, August 31st. Stifel Nicolaus reiterated a “hold” rating on shares of AeroVironment in a research note on Thursday, September 1st. Zacks Investment Research cut shares of AeroVironment from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, August 31st. Finally, Piper Jaffray Cos. decreased their price target on shares of AeroVironment from $37.00 to $31.00 and set an “overweight” rating for the company in a research note on Wednesday, August 31st.
AeroVironment (NASDAQ:AVAV) traded down 2.4341% on Friday, reaching $23.5524. 75,346 shares of the company’s stock were exchanged. The firm has a 50-day moving average price of $25.58 and a 200-day moving average price of $27.82. The company has a market capitalization of $540.67 million, a P/E ratio of 129.4088 and a beta of 1.34. AeroVironment has a 1-year low of $20.79 and a 1-year high of $32.44.
AeroVironment (NASDAQ:AVAV) last announced its quarterly earnings data on Tuesday, August 30th. The company reported ($0.51) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.17) by $0.34. AeroVironment had a net margin of 1.70% and a return on equity of 1.22%. The firm earned $36.20 million during the quarter, compared to analysts’ expectations of $37.81 million. During the same period in the prior year, the company posted ($0.24) earnings per share. The company’s revenue for the quarter was down 23.1% on a year-over-year basis. Equities research analysts expect that AeroVironment will post $0.20 earnings per share for the current year.
In other AeroVironment news, CEO Wahid Nawabi sold 2,634 shares of the company’s stock in a transaction on Tuesday, July 12th. The shares were sold at an average price of $27.49, for a total transaction of $72,408.66. Following the completion of the transaction, the chief executive officer now owns 36,760 shares in the company, valued at approximately $1,010,532.40. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Chairman Timothy E. Conver sold 4,250 shares of the company’s stock in a transaction on Tuesday, August 30th. The stock was sold at an average price of $29.81, for a total transaction of $126,692.50. Following the transaction, the chairman now owns 51,803 shares of the company’s stock, valued at approximately $1,544,247.43. The disclosure for this sale can be found here. Company insiders own 12.50% of the company’s stock.
A number of institutional investors have recently made changes to their positions in the company. Aperio Group LLC increased its position in shares of AeroVironment by 6.3% in the first quarter. Aperio Group LLC now owns 10,321 shares of the company’s stock worth $292,000 after buying an additional 608 shares during the last quarter. Huntington Asset Advisors Inc. bought a new position in shares of AeroVironment during the first quarter worth about $510,000. BlackRock Institutional Trust Company N.A. increased its position in shares of AeroVironment by 0.9% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 539,784 shares of the company’s stock worth $15,287,000 after buying an additional 4,936 shares in the last quarter. UBS Group AG increased its position in shares of AeroVironment by 15.2% in the first quarter. UBS Group AG now owns 45,616 shares of the company’s stock worth $1,291,000 after buying an additional 6,007 shares in the last quarter. Finally, Prudential Financial Inc. increased its position in shares of AeroVironment by 3.4% in the first quarter. Prudential Financial Inc. now owns 49,306 shares of the company’s stock worth $1,396,000 after buying an additional 1,600 shares in the last quarter. Institutional investors own 62.74% of the company’s stock.
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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