AeroVironment, Inc. (NASDAQ:AVAV) CFO Sells $110,058.20 in Stock

AeroVironment, Inc. (NASDAQ:AVAV) CFO Kevin Patrick Mcdonnell sold 508 shares of the company’s stock in a transaction that occurred on Friday, November 1st. The shares were sold at an average price of $216.65, for a total value of $110,058.20. Following the transaction, the chief financial officer now directly owns 16,868 shares in the company, valued at approximately $3,654,452.20. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link.

Kevin Patrick Mcdonnell also recently made the following trade(s):

• On Tuesday, October 1st, Kevin Patrick Mcdonnell sold 878 shares of AeroVironment stock. The stock was sold at an average price of $210.54, for a total value of $184,854.12.
• On Tuesday, September 3rd, Kevin Patrick Mcdonnell sold 396 shares of AeroVironment stock. The stock was sold at an average price of $196.22, for a total value of $77,703.12.

AeroVironment Stock Performance

Shares of AVAV stock traded up $0.15 during mid-day trading on Monday, reaching $216.15. The stock had a trading volume of 94,409 shares, compared to its average volume of 334,063. The company has a current ratio of 4.26, a quick ratio of 3.04 and a debt-to-equity ratio of 0.01. AeroVironment, Inc. has a 1-year low of $116.51 and a 1-year high of $227.18. The firm has a market cap of $6.10 billion, a price-to-earnings ratio of 102.19 and a beta of 0.49. The business’s fifty day moving average is $200.78 and its 200-day moving average is $188.76.

AeroVironment (NASDAQ:AVAV) last announced its quarterly earnings data on Wednesday, September 4th. The aerospace company reported $0.89 EPS for the quarter, beating the consensus estimate of $0.61 by $0.28. The business had revenue of $189.48 million during the quarter, compared to analysts’ expectations of $183.18 million. AeroVironment had a net margin of 7.82% and a return on equity of 9.87%. The business’s quarterly revenue was up 24.4% compared to the same quarter last year. During the same period in the previous year, the business posted $1.00 EPS. On average, research analysts forecast that AeroVironment, Inc. will post 3.36 earnings per share for the current year.

Hedge Funds Weigh In On AeroVironment

A number of institutional investors have recently modified their holdings of AVAV. Security National Bank acquired a new stake in AeroVironment during the third quarter worth about $31,000. Canada Pension Plan Investment Board acquired a new stake in shares of AeroVironment during the 2nd quarter worth approximately $36,000. Arcadia Investment Management Corp MI increased its holdings in shares of AeroVironment by 23.1% during the 3rd quarter. Arcadia Investment Management Corp MI now owns 400 shares of the aerospace company’s stock valued at $80,000 after purchasing an additional 75 shares in the last quarter. NBC Securities Inc. lifted its stake in shares of AeroVironment by 47.4% in the 3rd quarter. NBC Securities Inc. now owns 432 shares of the aerospace company’s stock valued at $86,000 after purchasing an additional 139 shares during the period. Finally, DT Investment Partners LLC purchased a new stake in AeroVironment during the second quarter worth $95,000. Hedge funds and other institutional investors own 86.38% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently weighed in on AVAV. Royal Bank of Canada dropped their price objective on AeroVironment from $230.00 to $215.00 and set an “outperform” rating on the stock in a research report on Thursday, September 5th. Raymond James downgraded shares of AeroVironment from an “outperform” rating to a “market perform” rating in a research report on Monday, September 16th. Baird R W upgraded shares of AeroVironment from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, August 28th. Robert W. Baird raised AeroVironment from a “neutral” rating to an “outperform” rating and upped their price target for the stock from $161.00 to $220.00 in a research report on Wednesday, August 28th. Finally, BTIG Research reissued a “buy” rating and issued a $245.00 price objective on shares of AeroVironment in a research report on Tuesday, September 17th. One analyst has rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average target price of $208.20.

About AeroVironment

AeroVironment, Inc designs, develops, produces, delivers, and supports a portfolio of robotic systems and related services for government agencies and businesses in the United States and internationally. It operates through Small Unmanned Aircraft Systems (SUAS), Tactical Missile System (TMS), Medium Unmanned Aircraft Systems (MUAS), and High Altitude Pseudo-Satellite Systems (HAPS) segments.