Kevin Patrick Mcdonnell Sells 513 Shares of AeroVironment (NASDAQ:AVAV) Stock

AeroVironment, Inc. (NASDAQ:AVAV) CFO Kevin Patrick Mcdonnell sold 513 shares of the business’s 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 owned 18,811 shares in the company, valued at $6,235,094.06. The trade was a 2.65% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

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

• On Friday, October 10th, Kevin Patrick Mcdonnell sold 998 shares of AeroVironment stock. The shares were sold at an average price of $399.74, for a total value of $398,940.52.

AeroVironment Stock Performance

Shares of AeroVironment stock opened at $295.49 on Friday. The business’s fifty day simple moving average is $332.33 and its 200 day simple moving average is $258.14. The company has a current ratio of 5.96, a quick ratio of 5.12 and a debt-to-equity ratio of 0.16. AeroVironment, Inc. has a 12 month low of $102.25 and a 12 month high of $417.86. The firm has a market capitalization of $14.75 billion, a P/E ratio of -461.70, a price-to-earnings-growth ratio of 5.37 and a beta of 1.09.

AeroVironment (NASDAQ:AVAV) last announced its quarterly earnings data on Monday, August 28th. The aerospace company reported $0.12 earnings per share (EPS) for the quarter. AeroVironment had a positive return on equity of 4.67% and a negative net margin of 4.14%.The firm had revenue of $132.62 million during the quarter. As a group, analysts anticipate that AeroVironment, Inc. will post 3.38 EPS for the current year.

Institutional Investors Weigh In On AeroVironment

Institutional investors have recently made changes to their positions in the stock. N.E.W. Advisory Services LLC boosted its holdings in shares of AeroVironment by 60.0% in the third quarter. N.E.W. Advisory Services LLC now owns 80 shares of the aerospace company’s stock worth $25,000 after acquiring an additional 30 shares during the period. AlphaQuest LLC purchased a new stake in AeroVironment during the 3rd quarter worth about $25,000. ORG Partners LLC boosted its stake in AeroVironment by 296.0% in the 2nd quarter. ORG Partners LLC now owns 99 shares of the aerospace company’s stock worth $27,000 after purchasing an additional 74 shares during the period. RMG Wealth Management LLC purchased a new position in AeroVironment during the 2nd quarter valued at about $28,000. Finally, TD Waterhouse Canada Inc. increased its position in shares of AeroVironment by 100.0% during the third quarter. TD Waterhouse Canada Inc. now owns 80 shares of the aerospace company’s stock valued at $28,000 after buying an additional 40 shares during the period. Hedge funds and other institutional investors own 86.38% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on AVAV shares. Jefferies Financial Group raised their price objective on shares of AeroVironment from $320.00 to $365.00 and gave the stock a “buy” rating in a report on Wednesday, October 1st. New Street Research set a $365.00 price target on shares of AeroVironment in a research note on Wednesday, October 1st. Canaccord Genuity Group upped their price objective on AeroVironment from $305.00 to $430.00 and gave the company a “buy” rating in a research note on Tuesday, October 7th. William Blair reissued an “outperform” rating on shares of AeroVironment in a report on Tuesday, September 16th. Finally, The Goldman Sachs Group raised their target price on AeroVironment from $300.00 to $333.00 and gave the stock a “buy” rating in a research report on Thursday, October 2nd. Two research analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $356.07.

About AeroVironment

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.