AeroVironment, Inc. (NASDAQ:AVAV) CFO Kevin Patrick Mcdonnell Sells 396 Shares

AeroVironment, Inc. (NASDAQ:AVAV) CFO Kevin Patrick Mcdonnell sold 396 shares of the stock in a transaction on Monday, December 2nd. The shares were sold at an average price of $198.73, for a total value of $78,697.08. Following the sale, the chief financial officer now owns 16,472 shares in the company, valued at $3,273,480.56. The trade was a 2.35 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link.

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

• On Friday, November 1st, Kevin Patrick Mcdonnell sold 508 shares of AeroVironment stock. The stock was sold at an average price of $216.65, for a total value of $110,058.20.
• 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.

AeroVironment Trading Down 5.0 %

Shares of NASDAQ:AVAV opened at $193.10 on Wednesday. AeroVironment, Inc. has a 12-month low of $116.51 and a 12-month high of $236.60. The company has a market capitalization of $5.45 billion, a PE ratio of 90.66 and a beta of 0.45. The business has a 50 day moving average of $208.88 and a two-hundred day moving average of $194.36. 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 (NASDAQ:AVAV) last posted its quarterly earnings data on Wednesday, September 4th. The aerospace company reported $0.89 EPS for the quarter, beating analysts’ consensus estimates 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 return on equity of 9.87% and a net margin of 7.82%. The business’s revenue was up 24.4% compared to the same quarter last year. During the same period in the previous year, the business earned $1.00 earnings per share. As a group, analysts forecast that AeroVironment, Inc. will post 3.36 EPS for the current year.

Analyst Upgrades and Downgrades

AVAV has been the topic of several analyst reports. Jefferies Financial Group upgraded AeroVironment from a “hold” rating to a “buy” rating and cut their target price for the company from $240.00 to $230.00 in a research note on Wednesday, November 20th. Royal Bank of Canada decreased their target price on AeroVironment from $230.00 to $215.00 and set an “outperform” rating for the company in a report on Thursday, September 5th. Baird R W raised AeroVironment from a “hold” rating to a “strong-buy” rating in a report on Wednesday, August 28th. Alembic Global Advisors raised AeroVironment from a “neutral” rating to an “overweight” rating and set a $216.00 target price for the company in a report on Wednesday, August 28th. Finally, BTIG Research reaffirmed a “buy” rating and set a $245.00 target price on shares of AeroVironment in a report on Tuesday, September 17th. One research analyst has rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of “Buy” and a consensus price target of $211.83.

Institutional Trading of AeroVironment

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Radnor Capital Management LLC increased its position in shares of AeroVironment by 1.0% in the third quarter. Radnor Capital Management LLC now owns 5,965 shares of the aerospace company’s stock valued at $1,196,000 after buying an additional 60 shares in the last quarter. Commonwealth Equity Services LLC increased its position in shares of AeroVironment by 1.5% in the second quarter. Commonwealth Equity Services LLC now owns 4,609 shares of the aerospace company’s stock valued at $840,000 after buying an additional 66 shares in the last quarter. Arcadia Investment Management Corp MI increased its position in shares of AeroVironment by 23.1% in the third quarter. Arcadia Investment Management Corp MI now owns 400 shares of the aerospace company’s stock valued at $80,000 after buying an additional 75 shares in the last quarter. First Trust Direct Indexing L.P. increased its position in shares of AeroVironment by 7.2% in the third quarter. First Trust Direct Indexing L.P. now owns 1,434 shares of the aerospace company’s stock valued at $288,000 after buying an additional 96 shares in the last quarter. Finally, Avior Wealth Management LLC increased its position in shares of AeroVironment by 51.0% in the third quarter. Avior Wealth Management LLC now owns 394 shares of the aerospace company’s stock valued at $79,000 after buying an additional 133 shares in the last quarter. 86.38% of the stock is currently owned by hedge funds and other institutional investors.

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.