AVAV has been the topic of a number of other reports. Zacks Investment Research lowered shares of AeroVironment from a “buy” rating to a “hold” rating in a research note on Friday, November 8th. William Blair reissued a “buy” rating on shares of AeroVironment in a report on Wednesday, August 21st. Robert W. Baird raised shares of AeroVironment from a “neutral” rating to an “outperform” rating and increased their price target for the company from $65.00 to $81.00 in a report on Monday. Piper Jaffray Companies reissued a “buy” rating and issued a $76.00 price target on shares of AeroVironment in a report on Wednesday, November 20th. Finally, Canaccord Genuity set a $80.00 price target on shares of AeroVironment and gave the company a “buy” rating in a report on Thursday, September 26th. Three research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. AeroVironment presently has an average rating of “Buy” and a consensus target price of $74.92.
NASDAQ:AVAV opened at $61.28 on Thursday. AeroVironment has a 1 year low of $48.61 and a 1 year high of $95.38. The firm’s fifty day simple moving average is $60.10 and its 200 day simple moving average is $58.14. The company has a current ratio of 10.56, a quick ratio of 9.26 and a debt-to-equity ratio of 0.02. The firm has a market capitalization of $1.47 billion, a PE ratio of 41.41 and a beta of 1.18.
AeroVironment (NASDAQ:AVAV) last posted its earnings results on Tuesday, December 3rd. The aerospace company reported $0.34 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.29 by $0.05. AeroVironment had a net margin of 11.52% and a return on equity of 8.55%. The business had revenue of $83.30 million for the quarter, compared to analyst estimates of $80.53 million. During the same period last year, the business posted $0.29 EPS. AeroVironment’s revenue was up 14.1% compared to the same quarter last year. As a group, analysts anticipate that AeroVironment will post 1.65 EPS for the current fiscal year.
In other news, Chairman Timothy E. Conver sold 6,896 shares of the firm’s stock in a transaction dated Wednesday, October 2nd. The shares were sold at an average price of $52.17, for a total transaction of $359,764.32. Following the completion of the transaction, the chairman now directly owns 56,660 shares of the company’s stock, valued at approximately $2,955,952.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders have sold a total of 41,376 shares of company stock valued at $2,437,115 over the last ninety days. 10.50% of the stock is owned by insiders.
Several large investors have recently added to or reduced their stakes in AVAV. Commonwealth Equity Services LLC lifted its holdings in shares of AeroVironment by 20.8% during the 2nd quarter. Commonwealth Equity Services LLC now owns 4,054 shares of the aerospace company’s stock worth $230,000 after acquiring an additional 699 shares during the period. Arizona State Retirement System lifted its holdings in AeroVironment by 0.6% during the 2nd quarter. Arizona State Retirement System now owns 33,040 shares of the aerospace company’s stock valued at $1,876,000 after purchasing an additional 188 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. lifted its holdings in AeroVironment by 21.1% during the 2nd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 455,880 shares of the aerospace company’s stock valued at $25,880,000 after purchasing an additional 79,456 shares during the last quarter. Los Angeles Capital Management & Equity Research Inc. lifted its holdings in AeroVironment by 66.1% during the 2nd quarter. Los Angeles Capital Management & Equity Research Inc. now owns 43,113 shares of the aerospace company’s stock valued at $2,448,000 after purchasing an additional 17,163 shares during the last quarter. Finally, Nikko Asset Management Americas Inc. lifted its holdings in AeroVironment by 21.1% during the 2nd quarter. Nikko Asset Management Americas Inc. now owns 455,880 shares of the aerospace company’s stock valued at $25,880,000 after purchasing an additional 79,279 shares during the last quarter. 85.84% of the stock is owned by institutional investors.
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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