The stock of AeroVironment, Inc. (NASDAQ:AVAV) is a huge mover today! About 184,634 shares traded hands or 33.19% up from the average. AeroVironment, Inc. (NASDAQ:AVAV) has risen 1.34% since April 13, 2016 and is uptrending. It has underperformed by 2.59% the S&P500.
The move comes after 7 months negative chart setup for the $666.14 million company. It was reported on Nov, 15 by Barchart.com. We have $25.88 PT which if reached, will make NASDAQ:AVAV worth $46.63M less.
AeroVironment, Inc. (NASDAQ:AVAV) Ratings Coverage
Out of 5 analysts covering AeroVironment (NASDAQ:AVAV), 1 rate it a “Buy”, 1 “Sell”, while 3 “Hold”. This means 20% are positive. AeroVironment has been the topic of 8 analyst reports since August 21, 2015 according to StockzIntelligence Inc. Piper Jaffray maintained it with “Overweight” rating and $35 target price in Wednesday, December 9 report. Zacks upgraded the stock to “Sell” rating in Friday, August 21 report. Canaccord Genuity maintained AeroVironment, Inc. (NASDAQ:AVAV) rating on Wednesday, September 2. Canaccord Genuity has “Hold” rating and $24 price target. On Thursday, October 6 the stock rating was initiated by Robert W. Baird with “Neutral”. As per Thursday, September 3, the company rating was downgraded by TheStreet. The firm earned “Overweight” rating on Monday, September 14 by Piper Jaffray. The company was upgraded on Monday, August 31 by Zacks.
According to Zacks Investment Research, “Building on a history of technological innovation, AEROVIRONMENT INC., designs, develops, produces, and supports an advanced portfolio of Unmanned Aircraft Systems and efficient electric energy systems. The company’s small UAS are used extensively by agencies of the U.S. Department of Defense and increasingly by allied military services to provide situational awareness to tactical operating units through real-time, airborne reconnaissance, surveillance, and target acquisition. AV’s PosiCharge fast charge systems eliminate battery changing for electric industrial vehicles in factories, airports, and distribution centers.”
Insitutional Activity: The institutional sentiment decreased to 1.25 in Q2 2016. Its down 0.17, from 1.42 in 2016Q1. The ratio is negative, as 6 funds sold all AeroVironment, Inc. shares owned while 34 reduced positions. 10 funds bought stakes while 40 increased positions. They now own 14.57 million shares or 23.41% less from 19.02 million shares in 2016Q1.
Dimensional Fund Lp, a Texas-based fund reported 1.19M shares. Goldman Sachs has invested 0.01% of its portfolio in AeroVironment, Inc. (NASDAQ:AVAV). Principal Fin Group last reported 144,388 shares in the company. The Maryland-based Price T Rowe Associate Md has invested 0% in AeroVironment, Inc. (NASDAQ:AVAV). Ny State Teachers Retirement Sys has 10,557 shares for 0% of their US portfolio. Commercial Bank Of Montreal Can has invested 0% of its portfolio in AeroVironment, Inc. (NASDAQ:AVAV). Sei Investments Company last reported 0% of its portfolio in the stock. Hcsf Mgmt Ltd Liability Company holds 10.88% or 510,000 shares in its portfolio. State Board Of Administration Of Florida Retirement owns 17,051 shares or 0% of their US portfolio. Moreover, Swiss Comml Bank has 0% invested in AeroVironment, Inc. (NASDAQ:AVAV) for 38,100 shares. Deutsche Financial Bank Ag last reported 0% of its portfolio in the stock. The Colorado-based Janus Capital Management Lc has invested 0.03% in AeroVironment, Inc. (NASDAQ:AVAV). Bancshares Of Ny Mellon has 905,531 shares for 0.01% of their US portfolio. Awm Investment Comm reported 467,909 shares or 2.78% of all its holdings. The Delaware-based Blackrock Ltd Com has invested 0% in AeroVironment, Inc. (NASDAQ:AVAV).
Insider Transactions: Since May 24, 2016, the stock had 0 insider buys, and 12 insider sales for $3.40 million net activity. Another trade for 2,634 shares valued at $72,409 was made by Nawabi Wahid on Tuesday, July 12. Cook Raymond D sold $30,816 worth of stock or 1,121 shares. $126,679 worth of AeroVironment, Inc. (NASDAQ:AVAV) shares were sold by Conver Timothy E. $4,770 worth of shares were sold by Karklin Kenneth D. on Thursday, October 6. SCOTT DOUGLAS E sold $10,116 worth of stock or 368 shares.
More important recent AeroVironment, Inc. (NASDAQ:AVAV) news were published by: Fool.com which released: “Why Shares of AeroVironment, Inc. Plunged 19% Today” on August 31, 2016, also Fool.com published article titled: “Why Shares of AeroVironment, Inc. Plunged 13% in August”, Fool.com published: “Why Aerovironment, Inc. Shares Plunged in January” on February 08, 2016. More interesting news about AeroVironment, Inc. (NASDAQ:AVAV) was released by: Businesswire.com and their article: “AeroVironment, Inc. Announces Fiscal 2016 Fourth Quarter and Full Year Results” with publication date: June 28, 2016.
AVAV Company Profile
AeroVironment, Inc., incorporated on June 27, 2006, designs, develops, produces, supports and operates a portfolio of services and products for government agencies, businesses and consumers. The Firm operates through two divisions: 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. The Firm supplies UAS, tactical missile systems and related services primarily to organizations within the United States Department of Defense (DoD), including the United States Army, Marine Corps, Special Operations Command and Air Force. The Firm also supplies charging systems and services for electric vehicles (EVs), and power cycling and test systems to commercial, consumer and government customers. The Company’s core technological capabilities include lightweight aerostructures; power electronics; electric propulsion systems; electric power generation, conversion and storage systems; high-density energy packaging; miniaturization; digital data links (DDL); aircraft sensors; controls integration, and systems integration and engineering optimization, hybrid propulsion, vertical takeoff fixed wing flight and autonomy.
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