A number of other analysts have also weighed in on the stock. ValuEngine lowered shares of AeroVironment from a buy rating to a hold rating in a report on Monday, June 17th. Zacks Investment Research upgraded shares of AeroVironment from a hold rating to a strong-buy rating and set a $64.00 price objective for the company in a report on Friday, September 6th. Robert W. Baird restated a neutral rating and issued a $65.00 price objective (down from $83.00) on shares of AeroVironment in a report on Wednesday, June 26th. William Blair restated a buy rating on shares of AeroVironment in a report on Wednesday, August 21st. Finally, Piper Jaffray Companies lowered their price objective on shares of AeroVironment from $79.00 to $74.00 and set a neutral rating for the company in a report on Tuesday, June 4th. Five analysts have rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock has a consensus rating of Buy and a consensus price target of $71.32.
Shares of AeroVironment stock traded down $0.77 during trading on Thursday, hitting $60.86. The stock had a trading volume of 4,164 shares, compared to its average volume of 202,299. The firm has a market cap of $1.43 billion, a price-to-earnings ratio of 40.74, a P/E/G ratio of 1.45 and a beta of 1.14. AeroVironment has a 12 month low of $48.61 and a 12 month high of $121.32. The business’s 50-day moving average is $53.04 and its 200 day moving average is $63.05. The company has a current ratio of 10.56, a quick ratio of 9.26 and a debt-to-equity ratio of 0.02.
AeroVironment (NASDAQ:AVAV) last announced its quarterly earnings data on Wednesday, September 4th. The aerospace company reported $0.74 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.35 by $0.39. The firm had revenue of $86.91 million for the quarter, compared to analysts’ expectations of $85.25 million. AeroVironment had a return on equity of 8.55% and a net margin of 11.52%. As a group, equities analysts expect that AeroVironment will post 1.65 EPS for the current year.
In other AeroVironment news, Chairman Timothy E. Conver sold 13,792 shares of the firm’s stock in a transaction dated Wednesday, August 21st. The shares were sold at an average price of $52.53, for a total value of $724,493.76. Following the completion of the sale, the chairman now directly owns 56,660 shares in the company, valued at $2,976,349.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Chairman Timothy E. Conver sold 6,896 shares of the firm’s stock in a transaction dated Tuesday, August 6th. The stock was sold at an average price of $50.93, for a total transaction of $351,213.28. Following the completion of the sale, the chairman now owns 56,660 shares of the company’s stock, valued at $2,885,693.80. The disclosure for this sale can be found here. Insiders sold 68,960 shares of company stock valued at $3,786,456 over the last 90 days. 10.50% of the stock is currently owned by company insiders.
A number of institutional investors and hedge funds have recently modified their holdings of the business. Victory Capital Management Inc. purchased a new position in shares of AeroVironment during the first quarter valued at approximately $185,000. Tyers Asset Management LLC lifted its holdings in shares of AeroVironment by 18.4% during the second quarter. Tyers Asset Management LLC now owns 2,880 shares of the aerospace company’s stock valued at $164,000 after purchasing an additional 448 shares during the last quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. lifted its holdings in shares of AeroVironment by 49.0% during the second quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 3,096 shares of the aerospace company’s stock valued at $176,000 after purchasing an additional 1,018 shares during the last quarter. Bank of Montreal Can lifted its holdings in shares of AeroVironment by 134.2% during the second quarter. Bank of Montreal Can now owns 3,096 shares of the aerospace company’s stock valued at $176,000 after purchasing an additional 1,774 shares during the last quarter. Finally, Acadian Asset Management LLC lifted its holdings in shares of AeroVironment by 2,439.2% during the first quarter. Acadian Asset Management LLC now owns 3,631 shares of the aerospace company’s stock valued at $249,000 after purchasing an additional 3,488 shares during the last quarter. Institutional investors and hedge funds own 83.33% 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 and businesses. The company offers unmanned aircraft systems (UAS) and related services primarily to organizations within the U.S. Department of Defense and to international allied governments; and tactical missile systems and related services to organizations within the U.S.
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