AeroVironment, Inc. (NASDAQ:AVAV) CFO Kevin Patrick Mcdonnell Sells 511 Shares of Stock

AeroVironment, Inc. (NASDAQ:AVAVGet Free Report) CFO Kevin Patrick Mcdonnell sold 511 shares of the company’s stock in a transaction dated Monday, July 1st. The stock was sold at an average price of $178.45, for a total transaction of $91,187.95. Following the transaction, the chief financial officer now owns 21,334 shares in the company, valued at approximately $3,807,052.30. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

AeroVironment Stock Performance

Shares of AVAV stock opened at $171.20 on Wednesday. The company has a debt-to-equity ratio of 0.02, a current ratio of 3.56 and a quick ratio of 2.52. The stock has a market cap of $4.82 billion, a PE ratio of 77.12 and a beta of 0.51. The stock has a 50-day moving average of $191.21 and a 200-day moving average of $155.22. AeroVironment, Inc. has a one year low of $91.00 and a one year high of $224.00.

AeroVironment (NASDAQ:AVAVGet Free Report) last announced its quarterly earnings results on Wednesday, June 26th. The aerospace company reported $0.43 EPS for the quarter, beating analysts’ consensus estimates of $0.22 by $0.21. The company had revenue of $197.00 million during the quarter, compared to analysts’ expectations of $188.48 million. AeroVironment had a return on equity of 10.89% and a net margin of 8.32%. AeroVironment’s revenue was up 5.9% on a year-over-year basis. During the same period in the prior year, the business posted $0.99 EPS. As a group, sell-side analysts expect that AeroVironment, Inc. will post 3.36 earnings per share for the current year.

Institutional Trading of AeroVironment

Institutional investors and hedge funds have recently modified their holdings of the stock. Corient Private Wealth LLC increased its stake in AeroVironment by 1.7% during the 4th quarter. Corient Private Wealth LLC now owns 4,882 shares of the aerospace company’s stock worth $615,000 after purchasing an additional 80 shares in the last quarter. Avantax Advisory Services Inc. increased its stake in AeroVironment by 2.6% during the 4th quarter. Avantax Advisory Services Inc. now owns 3,813 shares of the aerospace company’s stock worth $481,000 after purchasing an additional 95 shares in the last quarter. Arcadia Investment Management Corp MI increased its stake in AeroVironment by 44.1% during the 4th quarter. Arcadia Investment Management Corp MI now owns 327 shares of the aerospace company’s stock worth $41,000 after purchasing an additional 100 shares in the last quarter. New York State Teachers Retirement System increased its stake in AeroVironment by 0.6% during the 1st quarter. New York State Teachers Retirement System now owns 17,667 shares of the aerospace company’s stock worth $2,708,000 after purchasing an additional 100 shares in the last quarter. Finally, North Star Investment Management Corp. increased its stake in AeroVironment by 8.8% during the 1st quarter. North Star Investment Management Corp. now owns 1,268 shares of the aerospace company’s stock worth $194,000 after purchasing an additional 103 shares in the last quarter. 86.38% of the stock is owned by institutional investors.

Analysts Set New Price Targets

AVAV has been the topic of a number of research reports. Royal Bank of Canada restated an “outperform” rating and set a $200.00 target price on shares of AeroVironment in a research report on Thursday, June 27th. William Blair restated an “outperform” rating on shares of AeroVironment in a research report on Tuesday, March 5th. BTIG Research initiated coverage on shares of AeroVironment in a research report on Wednesday, June 26th. They set a “buy” rating and a $255.00 target price on the stock. Finally, Robert W. Baird restated a “neutral” rating and set a $161.00 target price on shares of AeroVironment in a research report on Friday, March 8th. Three research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $175.20.

Read Our Latest Report on AVAV

AeroVironment Company Profile

(Get Free Report)

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.

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