AeroVironment, Inc. (NASDAQ:AVAV) Shares Acquired by Fmr LLC

Fmr LLC lifted its stake in AeroVironment, Inc. (NASDAQ:AVAV) by 0.1% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 220,586 shares of the aerospace company’s stock after buying an additional 223 shares during the period. Fmr LLC owned approximately 0.78% of AeroVironment worth $44,227,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of AVAV. Truvestments Capital LLC acquired a new position in AeroVironment in the third quarter valued at $62,000. Independent Advisor Alliance acquired a new stake in shares of AeroVironment in the 3rd quarter valued at about $212,000. MGB Wealth Management LLC purchased a new position in AeroVironment during the 3rd quarter worth approximately $206,000. Penserra Capital Management LLC increased its position in AeroVironment by 87.1% during the third quarter. Penserra Capital Management LLC now owns 8,580 shares of the aerospace company’s stock worth $1,720,000 after buying an additional 3,995 shares during the period. Finally, Cerity Partners LLC lifted its stake in AeroVironment by 28.5% in the third quarter. Cerity Partners LLC now owns 2,225 shares of the aerospace company’s stock valued at $446,000 after buying an additional 494 shares during the last quarter. 86.38% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

AVAV has been the topic of a number of research reports. Baird R W upgraded shares of AeroVironment from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, August 28th. Jefferies Financial Group raised shares of AeroVironment from a “hold” rating to a “buy” rating and reduced their target price for the company from $240.00 to $230.00 in a report on Wednesday, November 20th. Royal Bank of Canada decreased their target price on shares of AeroVironment from $230.00 to $215.00 and set an “outperform” rating for the company in a research note on Thursday, September 5th. Alembic Global Advisors upgraded AeroVironment from a “neutral” rating to an “overweight” rating and set a $216.00 price target on the stock in a research report on Wednesday, August 28th. Finally, Robert W. Baird raised AeroVironment from a “neutral” rating to an “outperform” rating and increased their price objective for the stock from $161.00 to $220.00 in a research report on Wednesday, August 28th. One 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 company. Based on data from MarketBeat, AeroVironment has an average rating of “Buy” and a consensus target price of $225.20.

Insiders Place Their Bets

In other news, CFO Kevin Patrick Mcdonnell sold 878 shares of AeroVironment stock in a transaction that occurred on Tuesday, October 1st. The shares were 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 in the company, valued at approximately $3,658,343.04. This trade represents a 4.81 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In the last ninety days, insiders have sold 1,782 shares of company stock worth $373,609. Corporate insiders own 1.27% of the company’s stock.

AeroVironment Trading Down 1.4 %

NASDAQ AVAV opened at $163.33 on Friday. The company has a quick ratio of 3.04, a current ratio of 4.26 and a debt-to-equity ratio of 0.01. The stock has a market capitalization of $4.61 billion, a P/E ratio of 93.87 and a beta of 0.45. AeroVironment, Inc. has a 52-week low of $116.51 and a 52-week high of $236.60. The firm has a 50-day moving average price of $207.48 and a 200 day moving average price of $193.92.

AeroVironment (NASDAQ:AVAV) last issued its earnings results on Wednesday, December 4th. The aerospace company reported $0.47 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.76 by ($0.29). AeroVironment had a return on equity of 8.19% and a net margin of 6.39%. The business had revenue of $188.46 million for the quarter, compared to analysts’ expectations of $181.80 million. During the same period last year, the company posted $0.97 earnings per share. The business’s quarterly revenue was up 4.2% on a year-over-year basis. Equities research analysts expect that AeroVironment, Inc. will post 3.4 EPS for the current year.

AeroVironment Profile

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.