Insider Selling: AeroVironment, Inc. (NASDAQ:AVAV) CFO Sells 508 Shares of Stock

AeroVironment, Inc. (NASDAQ:AVAV - Get Free Report) CFO Kevin Patrick Mcdonnell sold 508 shares of the company's stock in a transaction that occurred on Friday, November 1st. The stock was sold at an average price of $216.65, for a total value of $110,058.20. Following the transaction, the chief financial officer now directly owns 16,868 shares in the company, valued at approximately $3,654,452.20. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

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

• On Tuesday, October 1st, Kevin Patrick Mcdonnell sold 878 shares of AeroVironment stock. The shares were sold at an average price of $210.54, for a total value of $184,854.12.
• On Tuesday, September 3rd, Kevin Patrick Mcdonnell sold 396 shares of AeroVironment stock. The shares were sold at an average price of $196.22, for a total value of $77,703.12.

AeroVironment Price Performance

AVAV traded down $0.52 on Monday, hitting $215.48. 145,555 shares of the company's stock traded hands, compared to its average volume of 334,317. The company has a current ratio of 4.26, a quick ratio of 3.04 and a debt-to-equity ratio of 0.01. The firm has a market cap of $6.08 billion, a price-to-earnings ratio of 101.16 and a beta of 0.49. The company's 50 day simple moving average is $200.78 and its 200-day simple moving average is $189.06. AeroVironment, Inc. has a one year low of $116.51 and a one year high of $227.18.

AeroVironment (NASDAQ:AVAV - Get Free Report) last announced its earnings results on Wednesday, September 4th. The aerospace company reported $0.89 EPS for the quarter, topping analysts' consensus estimates of $0.61 by $0.28. The firm 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 company's quarterly revenue was up 24.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.00 EPS. As a group, research analysts anticipate that AeroVironment, Inc. will post 3.36 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. UniSuper Management Pty Ltd acquired a new stake in shares of AeroVironment in the first quarter worth $854,000. Vanguard Group Inc. lifted its holdings in shares of AeroVironment by 6.2% in the 1st quarter. Vanguard Group Inc. now owns 3,094,831 shares of the aerospace company's stock valued at $474,376,000 after buying an additional 179,395 shares during the period. Natixis purchased a new stake in shares of AeroVironment in the first quarter worth about $924,000. Comerica Bank grew its holdings in AeroVironment by 53.9% during the first quarter. Comerica Bank now owns 18,991 shares of the aerospace company's stock worth $2,911,000 after acquiring an additional 6,648 shares during the period. Finally, Advisors Asset Management Inc. raised its position in AeroVironment by 37.1% during the first quarter. Advisors Asset Management Inc. now owns 14,636 shares of the aerospace company's stock valued at $2,243,000 after acquiring an additional 3,958 shares in the last quarter. 86.38% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on AVAV. 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 research note on Wednesday, August 28th. BTIG Research reissued a "buy" rating and set a $245.00 price objective on shares of AeroVironment in a research note on Tuesday, September 17th. Baird R W raised AeroVironment from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, August 28th. Royal Bank of Canada decreased their price objective on shares of AeroVironment from $230.00 to $215.00 and set an "outperform" rating for the company in a report on Thursday, September 5th. Finally, Robert W. Baird upgraded shares of AeroVironment from a "neutral" rating to an "outperform" rating and increased their price objective for the company from $161.00 to $220.00 in a research report on Wednesday, August 28th. One equities research analyst has rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of "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.