AeroVironment, Inc. (NASDAQ:AVAV) has earned an average rating of “Hold” from the eight brokerages that are presently covering the company, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation, five have given a hold recommendation and one has given a buy recommendation to the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is $42.40.

AVAV has been the topic of several recent research reports. TheStreet raised AeroVironment from a “c+” rating to a “b” rating in a research report on Friday, December 8th. Zacks Investment Research upgraded AeroVironment from a “sell” rating to a “buy” rating and set a $54.00 price objective on the stock in a report on Thursday, February 8th. ValuEngine downgraded AeroVironment from a “buy” rating to a “hold” rating in a report on Wednesday, November 15th. Robert W. Baird restated a “hold” rating and set a $35.00 price objective on shares of AeroVironment in a report on Tuesday, October 24th. Finally, Canaccord Genuity restated a “hold” rating and set a $50.00 price objective on shares of AeroVironment in a report on Thursday, December 14th.

In other AeroVironment news, Chairman Timothy E. Conver sold 7,600 shares of AeroVironment stock in a transaction that occurred on Friday, December 15th. The stock was sold at an average price of $55.27, for a total transaction of $420,052.00. Following the sale, the chairman now directly owns 58,138 shares in the company, valued at approximately $3,213,287.26. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Chairman Timothy E. Conver sold 3,800 shares of AeroVironment stock in a transaction that occurred 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 sale, the chairman now owns 58,138 shares in the company, valued at $3,308,052.20. The disclosure for this sale can be found here. Insiders have sold a total of 49,400 shares of company stock worth $2,578,300 over the last 90 days. 11.00% of the stock is owned by company insiders.

A number of hedge funds have recently bought and sold shares of AVAV. LS Investment Advisors LLC increased its holdings in AeroVironment by 179.6% during the 4th quarter. LS Investment Advisors LLC now owns 2,069 shares of the aerospace company’s stock worth $116,000 after purchasing an additional 1,329 shares during the last quarter. PNC Financial Services Group Inc. increased its holdings in shares of AeroVironment by 1.2% in the 2nd quarter. PNC Financial Services Group Inc. now owns 4,916 shares of the aerospace company’s stock valued at $187,000 after acquiring an additional 56 shares during the last quarter. Crossmark Global Holdings Inc. bought a new stake in shares of AeroVironment in the 4th quarter valued at approximately $238,000. Piedmont Investment Advisors LLC bought a new stake in shares of AeroVironment in the 3rd quarter valued at approximately $250,000. Finally, First Manhattan Co. bought a new stake in shares of AeroVironment in the 3rd quarter valued at approximately $270,000. Institutional investors own 74.20% of the company’s stock.

AeroVironment (NASDAQ AVAV) opened at $49.25 on Tuesday. The company has a market capitalization of $1,145.29, a P/E ratio of 37.60, a P/E/G ratio of 4.55 and a beta of 1.06. AeroVironment has a 52-week low of $25.66 and a 52-week high of $58.99.

AeroVironment (NASDAQ:AVAV) last released its quarterly earnings results on Tuesday, December 5th. The aerospace company reported $0.29 EPS for the quarter, topping the consensus estimate of ($0.01) by $0.30. The firm had revenue of $73.83 million for the quarter, compared to analyst estimates of $63.53 million. AeroVironment had a return on equity of 8.23% and a net margin of 10.42%. AeroVironment’s revenue for the quarter was up 47.3% on a year-over-year basis. During the same period in the previous year, the company posted ($0.18) EPS. research analysts anticipate that AeroVironment will post 0.7 EPS for the current year.

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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.

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