Insider Selling: AeroVironment, Inc. (NASDAQ:AVAV) CFO Sells 878 Shares of Stock

AeroVironment, Inc. (NASDAQ:AVAV) CFO Kevin Patrick Mcdonnell sold 878 shares of the business’s stock in a transaction that occurred on Tuesday, October 1st. The stock was sold at an average price of $210.54, for a total value of $184,854.12. Following the sale, the chief financial officer now owns 17,376 shares of the company’s stock, valued at approximately $3,658,343.04. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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

• 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.
• On Thursday, August 1st, Kevin Patrick Mcdonnell sold 513 shares of AeroVironment stock. The stock was sold at an average price of $174.70, for a total value of $89,621.10.

AeroVironment Price Performance

Shares of NASDAQ AVAV opened at $207.95 on Friday. 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 twelve month low of $104.67 and a twelve month high of $224.00. The stock has a 50 day moving average of $185.58 and a two-hundred day moving average of $178.86. The stock has a market cap of $5.85 billion, a P/E ratio of 93.67 and a beta of 0.50.

AeroVironment (NASDAQ:AVAV) last released its quarterly earnings results on Wednesday, September 4th. The aerospace company reported $0.89 EPS for the quarter, topping the consensus estimate of $0.61 by $0.28. AeroVironment had a return on equity of 9.87% and a net margin of 7.82%. The business had revenue of $189.48 million during the quarter, compared to analysts’ expectations of $183.18 million. During the same quarter in the prior year, the business earned $1.00 earnings per share. The company’s quarterly revenue was up 24.4% compared to the same quarter last year. On average, research analysts forecast that AeroVironment, Inc. will post 3.29 earnings per share for the current year.

Institutional Investors Weigh In On AeroVironment

Several large investors have recently modified their holdings of AVAV. Baillie Gifford & Co. raised its stake in shares of AeroVironment by 132.7% during the second quarter. Baillie Gifford & Co. now owns 1,511,676 shares of the aerospace company’s stock worth $275,367,000 after purchasing an additional 861,962 shares during the last quarter. Vanguard Group Inc. raised its stake in shares of AeroVironment by 6.2% during the first quarter. Vanguard Group Inc. now owns 3,094,831 shares of the aerospace company’s stock worth $474,376,000 after purchasing an additional 179,395 shares during the last quarter. Wellington Management Group LLP raised its stake in shares of AeroVironment by 187.5% during the fourth quarter. Wellington Management Group LLP now owns 221,749 shares of the aerospace company’s stock worth $27,949,000 after purchasing an additional 144,628 shares during the last quarter. Norges Bank purchased a new stake in shares of AeroVironment during the fourth quarter worth approximately $9,784,000. Finally, Driehaus Capital Management LLC grew its holdings in AeroVironment by 120.6% during the second quarter. Driehaus Capital Management LLC now owns 136,603 shares of the aerospace company’s stock worth $24,884,000 after acquiring an additional 74,672 shares during the period. Hedge funds and other institutional investors own 86.38% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on AVAV. BTIG Research restated a “buy” rating and set a $245.00 target price on shares of AeroVironment in a research note on Tuesday, September 17th. Baird R W upgraded AeroVironment from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, August 28th. Robert W. Baird upgraded AeroVironment from a “neutral” rating to an “outperform” rating and boosted their target price for the stock from $161.00 to $220.00 in a research note on Wednesday, August 28th. Royal Bank of Canada reduced their price objective on AeroVironment from $230.00 to $215.00 and set an “outperform” rating for the company in a research note on Thursday, September 5th. Finally, Raymond James cut AeroVironment from an “outperform” rating to a “market perform” rating in a research note on Monday, September 16th. Two investment analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, AeroVironment has an average rating of “Moderate Buy” and a consensus target price of $208.20.

AeroVironment Company Profile

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.