BidaskClub upgraded shares of AeroVironment (NASDAQ:AVAV) from a strong sell rating to a sell rating in a research report sent to investors on Tuesday morning.
AVAV has been the subject of a number of other reports. TheStreet upgraded AeroVironment from a c+ rating to a b rating in a research note on Friday, December 8th. Canaccord Genuity reiterated a hold rating and issued a $50.00 price target on shares of AeroVironment in a research note on Thursday, December 14th. ValuEngine cut AeroVironment from a buy rating to a hold rating in a research note on Wednesday, November 15th. Finally, Zacks Investment Research upgraded AeroVironment from a hold rating to a strong-buy rating and set a $64.00 price target for the company in a research note on Friday, December 8th. One investment analyst has rated the stock with a sell rating and six have issued a hold rating to the stock. AeroVironment presently has a consensus rating of Hold and a consensus target price of $42.40.
Shares of AeroVironment (NASDAQ AVAV) opened at $47.65 on Tuesday. AeroVironment has a 12 month low of $26.42 and a 12 month high of $58.99. The firm has a market capitalization of $1,140.00, a price-to-earnings ratio of 32.64, a price-to-earnings-growth ratio of 4.50 and a beta of 1.06.
In other news, Chairman Timothy E. Conver sold 3,800 shares of the stock in a transaction on Wednesday, December 27th. The stock was sold at an average price of $56.90, for a total value of $216,220.00. Following the completion of the transaction, the chairman now directly owns 58,138 shares in the company, valued at approximately $3,308,052.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Chairman Timothy E. Conver sold 7,600 shares of the stock in a transaction on Friday, December 15th. The shares were sold at an average price of $55.27, for a total value of $420,052.00. Following the completion of the transaction, the chairman now owns 58,138 shares of the company’s stock, valued at $3,213,287.26. The disclosure for this sale can be found here. Insiders sold a total of 49,400 shares of company stock valued at $2,622,988 over the last quarter. 11.00% of the stock is owned by corporate insiders.
A number of large investors have recently made changes to their positions in AVAV. Fuller & Thaler Asset Management Inc. bought a new position in AeroVironment during the 4th quarter worth $9,601,000. Global X Management Co. LLC raised its position in AeroVironment by 122.8% during the 4th quarter. Global X Management Co. LLC now owns 254,301 shares of the aerospace company’s stock worth $14,282,000 after purchasing an additional 140,178 shares during the last quarter. American Capital Management Inc. raised its position in AeroVironment by 9.7% during the 4th quarter. American Capital Management Inc. now owns 1,441,771 shares of the aerospace company’s stock worth $80,970,000 after purchasing an additional 127,619 shares during the last quarter. Robeco Institutional Asset Management B.V. bought a new position in AeroVironment during the 4th quarter worth $7,137,000. Finally, Vident Investment Advisory LLC raised its position in AeroVironment by 31.1% during the 3rd quarter. Vident Investment Advisory LLC now owns 474,428 shares of the aerospace company’s stock worth $25,676,000 after purchasing an additional 112,487 shares during the last quarter. 75.51% of the stock is owned by institutional investors and hedge funds.
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.