1 day Ago By ABMN Staff
AeroVironment ( NASDAQ:AVAV – Get Free Report ) was downgraded by research analysts at Raymond James from an “outperform” rating to a “market perform” rating in a research note issued to investors on Monday, Marketbeat reports. Several other analysts have also commented on the company. Royal Bank of Canada dropped their price objective on AeroVironment from $230.
00 to $215.00 and set an “outperform” rating on the stock in a report on Thursday, September 5th. Baird R W raised shares of AeroVironment from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, August 28th.
Alembic Global Advisors upgraded shares of AeroVironment from a “neutral” rating to an “overweight” rating and set a $216.00 price objective for the company in a research report on Wednesday, August 28th. BTIG Research initiated coverage on shares of AeroVironment in a research report on Wednesday, June 26th.
They issued a “buy” rating and a $255.00 target price on the stock. Finally, Robert W.
Baird upgraded shares of AeroVironment from a “neutral” rating to an “outperform” rating and upped their price target for the stock from $161.00 to $220.00 in a research report on Wednesday, August 28th.
Two research analysts have rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $208.
20. Get Our Latest Report on AeroVironment AeroVironment Price Performance AeroVironment ( NASDAQ:AVAV – Get Free Report ) last issued its quarterly earnings results on Wednesday, September 4th. The aerospace company reported $0.
89 earnings per share for the quarter, topping the consensus estimate of $0.61 by $0.28.
The company had revenue of $189.48 million for the quarter, compared to the consensus estimate of $183.18 million.
AeroVironment had a net margin of 7.82% and a return on equity of 9.87%.
AeroVironment’s quarterly revenue was up 24.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.
00 EPS. As a group, equities analysts forecast that AeroVironment will post 3.4 earnings per share for the current fiscal year.
Insiders Place Their Bets In other news, CFO Kevin Patrick Mcdonnell sold 511 shares of the business’s stock in a transaction dated Monday, July 1st. The stock was sold at an average price of $178.45, for a total transaction of $91,187.
95. Following the completion of the transaction, the chief financial officer now directly owns 21,334 shares of the company’s stock, valued at $3,807,052.30.
The sale was disclosed in a filing with the SEC, which is accessible through this link . In other news, CFO Kevin Patrick Mcdonnell sold 511 shares of the business’s stock in a transaction dated Monday, July 1st. The stock was sold at an average price of $178.
45, for a total value of $91,187.95. Following the completion of the sale, the chief financial officer now directly owns 21,334 shares of the company’s stock, valued at approximately $3,807,052.
30. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website . Also, CEO Wahid Nawabi sold 9,867 shares of the company’s stock in a transaction on Friday, July 5th.
The shares were sold at an average price of $169.23, for a total transaction of $1,669,792.41.
Following the completion of the sale, the chief executive officer now owns 99,892 shares of the company’s stock, valued at approximately $16,904,723.16. The disclosure for this sale can be found here .
Insiders have sold a total of 11,287 shares of company stock worth $1,928,305 in the last quarter. 1.40% of the stock is owned by company insiders.
Institutional Trading of AeroVironment Hedge funds have recently made changes to their positions in the company. NBC Securities Inc. acquired a new position in shares of AeroVironment during the first quarter worth about $26,000.
Canada Pension Plan Investment Board acquired a new position in AeroVironment during the 2nd quarter worth approximately $36,000. Harel Insurance Investments & Financial Services Ltd. purchased a new position in shares of AeroVironment during the 1st quarter worth approximately $38,000.
Russell Investments Group Ltd. acquired a new stake in shares of AeroVironment in the 4th quarter valued at approximately $39,000. Finally, Register Financial Advisors LLC purchased a new stake in shares of AeroVironment in the first quarter valued at approximately $61,000.
Institutional investors and hedge funds own 86.38% of the company’s stock. AeroVironment Company Profile ( Get Free Report ) 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. Featured Articles Receive News & Ratings for AeroVironment Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for AeroVironment and related companies with MarketBeat.com's FREE daily email newsletter .
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