Key Points
- Kevin Patrick McDonnell, AeroVironment's CFO, sold 513 shares on Nov. 10 at an average price of $331.46 for about $170,039, leaving him with 18,811 shares (a 2.65% reduction in his holding, valued at roughly $6.24M).
- He also sold 998 shares on Oct. 10 at an average price of $399.74 for about $398,941, signaling multiple recent insider sales.
- AeroVironment shares were trading down ~1.5%; the company has a $16.14B market cap and a 52‑week range of $102.25–$417.86, while analysts hold a consensus "Moderate Buy" with an average price target of $356.07.
AeroVironment, Inc. (NASDAQ:AVAV - Get Free Report) CFO Kevin Patrick Mcdonnell sold 513 shares of AeroVironment stock in a transaction that occurred on Monday, November 10th. The stock was sold at an average price of $331.46, for a total value of $170,038.98. Following the completion of the transaction, the chief financial officer directly owned 18,811 shares in the company, valued at $6,235,094.06. This trade represents a 2.65% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.
Kevin Patrick Mcdonnell also recently made the following trade(s):
- On Friday, October 10th, Kevin Patrick Mcdonnell sold 998 shares of AeroVironment stock. The stock was sold at an average price of $399.74, for a total transaction of $398,940.52.
AeroVironment Trading Down 1.5%
NASDAQ AVAV opened at $323.32 on Thursday. AeroVironment, Inc. has a fifty-two week low of $102.25 and a fifty-two week high of $417.86. The company has a debt-to-equity ratio of 0.16, a quick ratio of 5.12 and a current ratio of 5.96. The stock has a 50 day simple moving average of $330.96 and a two-hundred day simple moving average of $257.88. The stock has a market cap of $16.14 billion, a P/E ratio of -505.18, a price-to-earnings-growth ratio of 5.37 and a beta of 1.09.
AeroVironment (NASDAQ:AVAV - Get Free Report) last announced its earnings results on Monday, August 28th. The aerospace company reported $0.12 EPS for the quarter. The company had revenue of $132.62 million during the quarter. AeroVironment had a positive return on equity of 4.67% and a negative net margin of 4.14%. On average, analysts forecast that AeroVironment, Inc. will post 3.38 earnings per share for the current year.
Wall Street Analyst Weigh In
A number of equities analysts recently issued reports on the stock. BTIG Research increased their price target on shares of AeroVironment from $300.00 to $415.00 and gave the stock a "buy" rating in a research note on Friday, October 3rd. Raymond James Financial upped their price target on AeroVironment from $300.00 to $348.00 and gave the stock a "strong-buy" rating in a research note on Monday, September 29th. New Street Research set a $365.00 target price on shares of AeroVironment in a report on Wednesday, October 1st. JMP Securities increased their price target on shares of AeroVironment from $325.00 to $400.00 and gave the stock a "market outperform" rating in a research note on Friday, October 3rd. Finally, Jefferies Financial Group lifted their price target on shares of AeroVironment from $320.00 to $365.00 and gave the company a "buy" rating in a research report on Wednesday, October 1st. Two research analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating and two have issued a Sell rating to the stock. According to data from MarketBeat, AeroVironment has a consensus rating of "Moderate Buy" and an average price target of $356.07.
Check Out Our Latest Analysis on AVAV
Institutional Trading of AeroVironment
Several institutional investors have recently made changes to their positions in the business. US Bancorp DE grew its holdings in shares of AeroVironment by 13.5% in the second quarter. US Bancorp DE now owns 8,068 shares of the aerospace company's stock worth $2,299,000 after purchasing an additional 961 shares during the last quarter. Stephens Inc. AR increased its holdings in AeroVironment by 94.8% during the 1st quarter. Stephens Inc. AR now owns 4,415 shares of the aerospace company's stock worth $526,000 after purchasing an additional 2,148 shares during the period. Twin Tree Management LP bought a new stake in AeroVironment during the 2nd quarter valued at $697,000. James Investment Research Inc. purchased a new stake in shares of AeroVironment in the 2nd quarter worth $485,000. Finally, Emerald Mutual Fund Advisers Trust increased its stake in shares of AeroVironment by 8.2% during the second quarter. Emerald Mutual Fund Advisers Trust now owns 141,826 shares of the aerospace company's stock valued at $40,413,000 after buying an additional 10,750 shares during the period. Hedge funds and other institutional investors 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.
Further Reading
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