AeroVironment, Inc. (NASDAQ:AVAV) VP Kirk J. Flittie sold 12,938 shares of AeroVironment stock in a transaction on Tuesday, March 21st. The shares were sold at an average price of $28.95, for a total transaction of $374,555.10. Following the transaction, the vice president now owns 29,462 shares in the company, valued at approximately $852,924.90. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.
AeroVironment, Inc. (NASDAQ:AVAV) opened at 26.97 on Monday. AeroVironment, Inc. has a 1-year low of $22.16 and a 1-year high of $32.44. The company’s 50 day moving average is $27.07 and its 200-day moving average is $25.97. The stock’s market cap is $622.52 million.
AeroVironment (NASDAQ:AVAV) last issued its quarterly earnings results on Tuesday, March 7th. The company reported ($0.09) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.34) by $0.25. AeroVironment had a negative net margin of 1.80% and a negative return on equity of 1.21%. The business had revenue of $53.20 million for the quarter, compared to analyst estimates of $50.66 million. During the same quarter in the prior year, the business posted $0.27 EPS. AeroVironment’s revenue for the quarter was down 21.3% compared to the same quarter last year. Equities research analysts forecast that AeroVironment, Inc. will post $0.21 earnings per share for the current fiscal year.
A number of research firms recently weighed in on AVAV. Zacks Investment Research upgraded shares of AeroVironment from a “sell” rating to a “hold” rating in a research note on Wednesday, March 8th. Jefferies Group LLC set a $27.00 target price on shares of AeroVironment and gave the company a “hold” rating in a research note on Thursday, March 16th. Six equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $28.60.
A number of hedge funds and other institutional investors have recently modified their holdings of the stock. American Capital Management Inc. acquired a new position in shares of AeroVironment during the third quarter valued at approximately $24,622,000. CWM LLC acquired a new position in shares of AeroVironment during the third quarter valued at approximately $5,015,000. BlackRock Fund Advisors increased its position in shares of AeroVironment by 10.9% in the third quarter. BlackRock Fund Advisors now owns 1,772,339 shares of the company’s stock valued at $43,263,000 after buying an additional 174,814 shares in the last quarter. FMR LLC acquired a new position in shares of AeroVironment during the fourth quarter valued at approximately $3,652,000. Finally, ARK Investment Management LLC acquired a new position in shares of AeroVironment during the fourth quarter valued at approximately $3,225,000. Institutional investors and hedge funds own 72.97% of the company’s stock.
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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