AeroVironment, Inc. (NASDAQ:AVAV) Short Interest Down 5.1% in November

AeroVironment, Inc. (NASDAQ:AVAV) saw a significant drop in short interest during the month of November. As of November 15th, there was short interest totalling 1,290,000 shares, a drop of 5.1% from the October 31st total of 1,360,000 shares. Based on an average daily trading volume, of 363,200 shares, the short-interest ratio is currently 3.6 days.

Insider Activity

In related news, CFO Kevin Patrick Mcdonnell sold 878 shares of AeroVironment stock in a transaction that occurred on Tuesday, October 1st. The stock was sold at an average price of $210.54, for a total transaction of $184,854.12. Following the completion of the sale, the chief financial officer now directly owns 17,376 shares of the company’s stock, valued at approximately $3,658,343.04. This trade represents a 4.81 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders sold a total of 1,782 shares of company stock valued at $373,609 over the last three months. Insiders own 1.27% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of AVAV. Security National Bank acquired a new position in shares of AeroVironment in the 3rd quarter valued at about $31,000. Canada Pension Plan Investment Board acquired a new position in shares of AeroVironment in the 2nd quarter valued at about $36,000. Truvestments Capital LLC acquired a new position in shares of AeroVironment in the 3rd quarter valued at about $62,000. Avior Wealth Management LLC lifted its stake in shares of AeroVironment by 51.0% in the 3rd quarter. Avior Wealth Management LLC now owns 394 shares of the aerospace company’s stock valued at $79,000 after purchasing an additional 133 shares during the period. Finally, Arcadia Investment Management Corp MI lifted its stake in shares of AeroVironment by 23.1% in the 3rd quarter. Arcadia Investment Management Corp MI now owns 400 shares of the aerospace company’s stock valued at $80,000 after purchasing an additional 75 shares during the period. 86.38% of the stock is owned by institutional investors and hedge funds.

AeroVironment Trading Up 2.0 %

NASDAQ AVAV opened at $196.89 on Thursday. The company has a quick ratio of 3.04, a current ratio of 4.26 and a debt-to-equity ratio of 0.01. AeroVironment has a twelve month low of $116.51 and a twelve month high of $236.60. The company has a market cap of $5.55 billion, a price-to-earnings ratio of 90.66 and a beta of 0.45. The business’s fifty day moving average is $208.78 and its 200 day moving average is $194.35.

AeroVironment (NASDAQ:AVAV) last released its quarterly earnings data on Wednesday, December 4th. The aerospace company reported $0.47 earnings per share for the quarter, missing the consensus estimate of $0.76 by ($0.29). The firm had revenue of $188.46 million for the quarter, compared to analyst estimates of $181.80 million. AeroVironment had a net margin of 7.82% and a return on equity of 9.87%. The company’s revenue was up 4.2% compared to the same quarter last year. During the same period last year, the business earned $0.97 EPS. As a group, sell-side analysts expect that AeroVironment will post 3.36 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

AVAV has been the topic of a number of recent research reports. Baird R W upgraded AeroVironment from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, August 28th. Jefferies Financial Group upgraded AeroVironment from a “hold” rating to a “buy” rating and lowered their price objective for the stock from $240.00 to $230.00 in a research note on Wednesday, November 20th. Royal Bank of Canada decreased their price target on AeroVironment from $230.00 to $215.00 and set an “outperform” rating on the stock in a research note on Thursday, September 5th. Robert W. Baird upgraded AeroVironment from a “neutral” rating to an “outperform” rating and lifted their price target for the company from $161.00 to $220.00 in a research note on Wednesday, August 28th. Finally, BTIG Research reiterated a “buy” rating and issued a $245.00 price target on shares of AeroVironment in a research note on Tuesday, September 17th. One equities research analyst has rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Buy” and a consensus price target of $211.83.

About AeroVironment

AeroVironment, Inc designs, develops, produces, delivers, and supports a portfolio of robotic systems and related services for government agencies and businesses in the United States and internationally. It operates through Small Unmanned Aircraft Systems (SUAS), Tactical Missile System (TMS), Medium Unmanned Aircraft Systems (MUAS), and High Altitude Pseudo-Satellite Systems (HAPS) segments.