Zacks Investment Research downgraded shares of AeroVironment (NASDAQ:AVAV) from a buy rating to a hold rating in a research note released on Tuesday.

According to Zacks, “AeroVironment, Inc. designs, develops, produces, operates a portfolio of products and services for government agencies, businesses and consumers. It operates through two segments: Unmanned Aircraft Systems, 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, which focuses primarily on the design, development, production, support and operation of electric energy systems. The Company supplies UAS, tactical missile systems and related services primarily to organizations within the United States Department of Defense. The Company also supplies charging systems and services for electric vehicles, and power cycling and test systems to commercial, consumer and government customers. It serves the U.S. Department of Defense, including the U.S. Army, Marine Corps, Special Operations Command, Air Force, and Navy. “

A number of other equities analysts also recently weighed in on AVAV. TheStreet raised shares of AeroVironment from a c+ rating to a b rating in a research note on Friday, December 8th. BidaskClub downgraded shares of AeroVironment from a buy rating to a hold rating in a research note on Wednesday, August 16th. Canaccord Genuity raised their target price on shares of AeroVironment from $40.00 to $48.00 and gave the company a hold rating in a research note on Wednesday, October 4th. Robert W. Baird reaffirmed a hold rating and set a $35.00 target price on shares of AeroVironment in a research note on Tuesday, October 24th. Finally, ValuEngine downgraded shares of AeroVironment from a buy rating to a hold rating in a research note on Wednesday, November 15th. Seven analysts have rated the stock with a hold rating, The company presently has a consensus rating of Hold and a consensus price target of $44.40.

AeroVironment (NASDAQ:AVAV) traded down $0.39 during mid-day trading on Tuesday, reaching $54.50. 576,200 shares of the company were exchanged, compared to its average volume of 266,218. AeroVironment has a 12 month low of $24.70 and a 12 month high of $58.23. The company has a market capitalization of $1,300.00, a P/E ratio of 41.90, a P/E/G ratio of 5.72 and a beta of 1.16.

AeroVironment (NASDAQ:AVAV) last released its quarterly earnings results on Tuesday, December 5th. The aerospace company reported $0.29 earnings per share (EPS) for the quarter, topping the Zacks’ 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 company had revenue of $73.83 million during the quarter, compared to the consensus estimate of $63.53 million. During the same period in the prior year, the firm earned ($0.18) earnings per share. AeroVironment’s revenue was up 47.3% on a year-over-year basis. equities research analysts anticipate that AeroVironment will post 0.64 EPS for the current year.

In other AeroVironment news, Chairman Timothy E. Conver sold 7,600 shares of the firm’s stock in a transaction that occurred on Wednesday, October 4th. The shares were sold at an average price of $54.00, for a total transaction of $410,400.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Chairman Timothy E. Conver sold 3,800 shares of the firm’s stock in a transaction that occurred on Wednesday, November 8th. The shares were sold at an average price of $44.14, for a total transaction of $167,732.00. Following the sale, the chairman now directly owns 58,138 shares of the company’s stock, valued at approximately $2,566,211.32. The disclosure for this sale can be found here. Insiders have sold 36,200 shares of company stock valued at $1,806,496 in the last ninety days. Insiders own 11.00% of the company’s stock.

Institutional investors and hedge funds have recently made changes to their positions in the stock. Sei Investments Co. increased its position in shares of AeroVironment by 1.8% during the second quarter. Sei Investments Co. now owns 3,450 shares of the aerospace company’s stock valued at $132,000 after acquiring an additional 61 shares in the last quarter. Piedmont Investment Advisors LLC bought a new stake in shares of AeroVironment during the third quarter valued at approximately $250,000. Municipal Employees Retirement System of Michigan increased its position in shares of AeroVironment by 3.2% during the second quarter. Municipal Employees Retirement System of Michigan now owns 4,850 shares of the aerospace company’s stock valued at $185,000 after acquiring an additional 150 shares in the last quarter. PNC Financial Services Group Inc. increased its position in shares of AeroVironment by 1.2% during the second 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 in the last quarter. Finally, First Manhattan Co. bought a new stake in shares of AeroVironment during the third quarter valued at approximately $270,000. 74.79% of the stock is owned by institutional investors.

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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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