AeroVironment, Inc. (NASDAQ:AVAV) – Research analysts at William Blair decreased their FY2020 earnings per share estimates for shares of AeroVironment in a report issued on Wednesday, December 4th. William Blair analyst L. Dipalma now forecasts that the aerospace company will post earnings per share of $1.55 for the year, down from their previous forecast of $1.61. William Blair currently has a “Buy” rating on the stock. William Blair also issued estimates for AeroVironment’s FY2021 earnings at $1.91 EPS.
A number of other analysts have also recently commented on the stock. Stifel Nicolaus reiterated a “hold” rating on shares of AeroVironment in a research note on Thursday, September 26th. Robert W. Baird raised shares of AeroVironment from a “neutral” rating to an “outperform” rating and increased their price objective for the stock from $65.00 to $81.00 in a research report on Monday. Canaccord Genuity set a $80.00 target price on AeroVironment and gave the company a “buy” rating in a report on Thursday, September 26th. Piper Jaffray Companies reissued a “buy” rating and set a $76.00 price target on shares of AeroVironment in a report on Wednesday, November 20th. Finally, Zacks Investment Research cut AeroVironment from a “buy” rating to a “hold” rating in a report on Friday, November 8th. Three investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of $74.92.
AeroVironment (NASDAQ:AVAV) last announced its quarterly earnings data on Tuesday, December 3rd. The aerospace company reported $0.34 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.29 by $0.05. The company had revenue of $83.30 million during the quarter, compared to analysts’ expectations of $80.53 million. AeroVironment had a net margin of 11.52% and a return on equity of 8.55%. The firm’s revenue was up 14.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.29 EPS.
In other AeroVironment news, Chairman Timothy E. Conver sold 6,896 shares of the company’s stock in a transaction on Wednesday, October 2nd. The shares were sold at an average price of $52.17, for a total transaction of $359,764.32. Following the sale, the chairman now directly owns 56,660 shares of the company’s stock, valued at $2,955,952.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders have sold 41,376 shares of company stock worth $2,437,115 over the last ninety days. Insiders own 10.50% of the company’s stock.
Hedge funds and other institutional investors have recently made changes to their positions in the business. California State Teachers Retirement System lifted its position in shares of AeroVironment by 1.2% in the third quarter. California State Teachers Retirement System now owns 33,179 shares of the aerospace company’s stock valued at $1,777,000 after buying an additional 396 shares during the last quarter. Mason Street Advisors LLC raised its stake in AeroVironment by 3.1% in the 3rd quarter. Mason Street Advisors LLC now owns 7,328 shares of the aerospace company’s stock valued at $392,000 after acquiring an additional 218 shares during the period. SG Americas Securities LLC raised its stake in AeroVironment by 7.1% in the 3rd quarter. SG Americas Securities LLC now owns 19,940 shares of the aerospace company’s stock valued at $1,068,000 after acquiring an additional 1,317 shares during the period. First Trust Advisors LP lifted its holdings in AeroVironment by 15.3% during the 3rd quarter. First Trust Advisors LP now owns 23,752 shares of the aerospace company’s stock valued at $1,272,000 after purchasing an additional 3,154 shares during the last quarter. Finally, Tibra Equities Europe Ltd acquired a new stake in AeroVironment during the 3rd quarter valued at $584,000. 85.84% of the stock is currently owned by hedge funds and other institutional investors.
AeroVironment Company Profile
AeroVironment, Inc designs, develops, produces, supports, and operates a portfolio of products and services for government agencies and businesses. The company offers unmanned aircraft systems (UAS) and related services primarily to organizations within the U.S. Department of Defense and to international allied governments; and tactical missile systems and related services to organizations within the U.S.
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