ValuEngine upgraded shares of AeroVironment (NASDAQ:AVAV) from a buy rating to a strong-buy rating in a report released on Wednesday.
Other analysts have also issued reports about the company. BidaskClub raised AeroVironment from a strong sell rating to a sell rating in a research note on Tuesday, March 13th. Stifel Nicolaus raised AeroVironment from a hold rating to a buy rating and lifted their price target for the company from $45.00 to $65.00 in a research note on Wednesday, April 11th. Finally, Zacks Investment Research raised AeroVironment from a sell rating to a buy rating and set a $54.00 price target on the stock in a research note on Thursday, February 8th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating, one has assigned a buy rating and two have assigned a strong buy rating to the company’s stock. AeroVironment currently has a consensus rating of Buy and a consensus target price of $47.50.
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NASDAQ:AVAV opened at $56.48 on Wednesday. The stock has a market capitalization of $1,350.21, a P/E ratio of 104.59, a price-to-earnings-growth ratio of 2.82 and a beta of 1.20. AeroVironment has a twelve month low of $28.54 and a twelve month high of $58.99.
AeroVironment (NASDAQ:AVAV) last released its quarterly earnings data on Tuesday, March 6th. The aerospace company reported $0.09 earnings per share for the quarter, beating the consensus estimate of $0.07 by $0.02. AeroVironment had a return on equity of 9.15% and a net margin of 10.50%. The business had revenue of $63.90 million for the quarter, compared to analyst estimates of $58.18 million. During the same period last year, the firm posted ($0.09) earnings per share. AeroVironment’s revenue was up 20.1% compared to the same quarter last year. equities analysts predict that AeroVironment will post 0.7 EPS for the current fiscal year.
In other news, Chairman Timothy E. Conver sold 3,800 shares of AeroVironment stock in a transaction dated Wednesday, March 14th. The stock was sold at an average price of $47.72, for a total transaction of $181,336.00. Following the sale, the chairman now directly owns 58,138 shares of the company’s stock, valued at $2,774,345.36. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Chairman Timothy E. Conver sold 7,600 shares of AeroVironment stock in a transaction that occurred on Tuesday, February 27th. The stock was sold at an average price of $50.73, for a total value of $385,548.00. Following the completion of the transaction, the chairman now directly owns 58,138 shares in the company, valued at $2,949,340.74. The disclosure for this sale can be found here. Insiders have sold 26,600 shares of company stock worth $1,272,012 over the last three months. Insiders own 11.00% of the company’s stock.
Institutional investors have recently bought and sold shares of the stock. American Capital Management Inc. lifted its stake in shares of AeroVironment by 9.7% in the fourth quarter. American Capital Management Inc. now owns 1,441,771 shares of the aerospace company’s stock worth $80,970,000 after acquiring an additional 127,619 shares during the period. Schwab Charles Investment Management Inc. lifted its stake in shares of AeroVironment by 5.7% in the third quarter. Schwab Charles Investment Management Inc. now owns 103,968 shares of the aerospace company’s stock worth $5,627,000 after acquiring an additional 5,572 shares during the period. Mutual of America Capital Management LLC acquired a new position in shares of AeroVironment in the fourth quarter worth approximately $2,055,000. BlackRock Inc. lifted its stake in shares of AeroVironment by 3.0% in the fourth quarter. BlackRock Inc. now owns 3,528,072 shares of the aerospace company’s stock worth $198,137,000 after acquiring an additional 102,401 shares during the period. Finally, US Bancorp DE lifted its stake in shares of AeroVironment by 33.2% in the fourth quarter. US Bancorp DE now owns 25,381 shares of the aerospace company’s stock worth $1,425,000 after acquiring an additional 6,325 shares during the period. 76.16% of the stock is currently owned by institutional investors.
AeroVironment Company Profile
AeroVironment, Inc designs, develops, produces, supports, and operates unmanned aircraft systems (UAS) and efficient energy systems (EES) in the United States and internationally. The company offers small UAS products to deliver intelligence, surveillance, and reconnaissance; and communications, such as real-time tactical reconnaissance, tracking, combat assessment, and geographic data to the small tactical unit or individual operator.
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