AeroVironment, Inc. (NASDAQ:AVAV) CFO Sells $184,854.12 in Stock

AeroVironment, Inc. (NASDAQ:AVAV) CFO Kevin Patrick Mcdonnell sold 878 shares of the stock in a transaction 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 $3,658,343.04. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

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 shares were sold at an average price of $174.70, for a total value of $89,621.10.

AeroVironment Stock Performance

Shares of NASDAQ AVAV traded down $2.88 during trading hours on Wednesday, hitting $208.21. 322,035 shares of the company’s stock were exchanged, compared to its average volume of 347,491. The company’s 50-day moving average price is $184.28 and its 200-day moving average price is $178.53. AeroVironment, Inc. has a 1-year low of $104.67 and a 1-year high of $224.00. The stock has a market capitalization of $5.86 billion, a price-to-earnings ratio of 95.09 and a beta of 0.50. The company has a debt-to-equity ratio of 0.01, a current ratio of 4.26 and a quick ratio of 3.04.

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

Institutional Investors Weigh In On AeroVironment

Several hedge funds have recently made changes to their positions in AVAV. Baillie Gifford & Co. lifted its position in shares of AeroVironment by 132.7% in the 2nd quarter. Baillie Gifford & Co. now owns 1,511,676 shares of the aerospace company’s stock worth $275,367,000 after acquiring an additional 861,962 shares during the period. Vanguard Group Inc. lifted its position in AeroVironment by 6.2% in 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 period. Wellington Management Group LLP boosted its stake in 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 buying an additional 144,628 shares in the last quarter. Norges Bank bought a new stake in AeroVironment in the 4th quarter valued at $9,784,000. Finally, Driehaus Capital Management LLC increased its holdings in AeroVironment by 120.6% in the 2nd quarter. Driehaus Capital Management LLC now owns 136,603 shares of the aerospace company’s stock valued at $24,884,000 after buying an additional 74,672 shares during the period. Institutional investors own 86.38% of the company’s stock.

Analyst Ratings Changes

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