Timothy E. Conver Sells 3,800 Shares of AeroVironment, Inc. (AVAV) Stock
AeroVironment, Inc. (NASDAQ:AVAV) Chairman Timothy E. Conver sold 3,800 shares of the firm’s stock in a transaction dated Thursday, December 27th. The stock was sold at an average price of $56.90, for a total transaction of $216,220.00. Following the sale, the chairman now owns 58,138 shares of the company’s stock, valued at approximately $3,308,052.20. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.
Shares of AeroVironment, Inc. (NASDAQ:AVAV) opened at $54.85 on Wednesday. AeroVironment, Inc. has a 12 month low of $24.70 and a 12 month high of $58.99. The firm has a market cap of $1,310.00, a PE ratio of 43.19, a price-to-earnings-growth ratio of 5.59 and a beta of 1.16.
AeroVironment (NASDAQ:AVAV) last issued its quarterly earnings data on Tuesday, December 5th. The aerospace company reported $0.29 earnings per share for the quarter, topping the consensus estimate of ($0.01) by $0.30. AeroVironment had a net margin of 10.42% and a return on equity of 8.23%. The business had revenue of $73.83 million during the quarter, compared to analysts’ expectations of $63.53 million. During the same quarter in the previous year, the company earned ($0.18) EPS. The business’s revenue was up 47.3% on a year-over-year basis. equities research analysts expect that AeroVironment, Inc. will post 0.67 earnings per share for the current year.
A number of analysts have recently issued reports on the stock. BidaskClub cut shares of AeroVironment from a “sell” rating to a “strong sell” rating in a research note on Wednesday, December 27th. Canaccord Genuity restated a “hold” rating and set a $50.00 target price on shares of AeroVironment in a research note on Thursday, December 14th. Zacks Investment Research cut shares of AeroVironment from a “buy” rating to a “hold” rating in a research note on Tuesday, December 12th. TheStreet upgraded shares of AeroVironment from a “c+” rating to a “b” rating in a research note on Friday, December 8th. Finally, ValuEngine cut shares of AeroVironment from a “buy” rating to a “hold” rating in a research note on Wednesday, November 15th. One equities research analyst has rated the stock with a sell rating and six have issued a hold rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $44.40.
TRADEMARK VIOLATION WARNING: “Timothy E. Conver Sells 3,800 Shares of AeroVironment, Inc. (AVAV) Stock” was reported by Marea Informative and is owned by of Marea Informative. If you are accessing this report on another website, it was copied illegally and republished in violation of international trademark and copyright legislation. The legal version of this report can be read at https://www.mareainformativa.com/2018/01/03/timothy-e-conver-sells-3800-shares-of-aerovironment-inc-avav-stock.html.
AeroVironment Company Profile
AeroVironment, Inc designs, develops, produces, supports and operates a portfolio of products and services for government agencies, businesses and consumers. The Company operates through two segments: Unmanned Aircraft Systems (UAS), which focuses primarily on the design, development, production, support and operation of UAS and tactical missile systems that provide situational awareness, multi-band communications, force protection and other mission effects, and Efficient Energy Systems (EES), which focuses primarily on the design, development, production, marketing, support and operation of electric energy systems.
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.