Mutual of America Capital Management LLC Has $845,000 Stake in AeroVironment, Inc. (NASDAQ:AVAV)

Mutual of America Capital Management LLC reduced its holdings in shares of AeroVironment, Inc. (NASDAQ:AVAV) by 8.3% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 4,214 shares of the aerospace company’s stock after selling 381 shares during the period. Mutual of America Capital Management LLC’s holdings in AeroVironment were worth $845,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in the business. Comerica Bank raised its holdings in shares of AeroVironment by 53.9% during the first quarter. Comerica Bank now owns 18,991 shares of the aerospace company’s stock valued at $2,911,000 after purchasing an additional 6,648 shares during the period. American International Group Inc. raised its stake in AeroVironment by 3.1% during the 1st quarter. American International Group Inc. now owns 14,617 shares of the aerospace company’s stock worth $2,240,000 after buying an additional 444 shares during the period. TD Asset Management Inc bought a new position in AeroVironment in the second quarter worth approximately $565,000. Driehaus Capital Management LLC boosted its holdings in AeroVironment by 120.6% in the second quarter. Driehaus Capital Management LLC now owns 136,603 shares of the aerospace company’s stock worth $24,884,000 after acquiring an additional 74,672 shares in the last quarter. Finally, CANADA LIFE ASSURANCE Co grew its stake in AeroVironment by 14.1% in the first quarter. CANADA LIFE ASSURANCE Co now owns 24,262 shares of the aerospace company’s stock valued at $3,713,000 after acquiring an additional 2,993 shares during the period. 86.38% of the stock is owned by institutional investors.

Insider Buying and Selling

In other news, CFO Kevin Patrick Mcdonnell sold 878 shares of the firm’s stock in a transaction on Tuesday, October 1st. The stock was sold at an average price of $210.54, for a total value of $184,854.12. Following the transaction, the chief financial officer now directly owns 17,376 shares in the company, valued at $3,658,343.04. This trade represents a 4.81 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. Insiders sold a total of 1,782 shares of company stock worth $372,615 in the last three months. Insiders own 1.27% of the company’s stock.

AeroVironment Price Performance

AVAV stock opened at $196.50 on Wednesday. The stock has a market capitalization of $5.54 billion, a price-to-earnings ratio of 92.25 and a beta of 0.49. The firm’s 50-day moving average price is $207.68 and its two-hundred day moving average price is $194.20. The company has a current ratio of 4.26, a quick ratio of 3.04 and a debt-to-equity ratio of 0.01. AeroVironment, Inc. has a 12-month low of $116.51 and a 12-month high of $236.60.

AeroVironment (NASDAQ:AVAV) last announced its quarterly earnings results on Wednesday, September 4th. The aerospace company reported $0.89 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.61 by $0.28. The company had revenue of $189.48 million for the quarter, compared to analysts’ expectations of $183.18 million. AeroVironment had a net margin of 7.82% and a return on equity of 9.87%. AeroVironment’s quarterly revenue was up 24.4% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.00 earnings per share. As a group, equities analysts predict that AeroVironment, Inc. will post 3.36 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the company. Robert W. Baird upgraded AeroVironment from a “neutral” rating to an “outperform” rating and increased their target price for the stock from $161.00 to $220.00 in a report on Wednesday, August 28th. Jefferies Financial Group upgraded shares of AeroVironment from a “hold” rating to a “buy” rating and reduced their price objective for the company from $240.00 to $230.00 in a report on Wednesday, November 20th. Alembic Global Advisors raised shares of AeroVironment from a “neutral” rating to an “overweight” rating and set a $216.00 target price for the company in a research report on Wednesday, August 28th. Baird R W raised shares of AeroVironment from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, August 28th. Finally, BTIG Research reissued a “buy” rating and set a $245.00 price objective on shares of AeroVironment in a report on Tuesday, September 17th. One analyst has rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, AeroVironment has a consensus rating of “Buy” and an average target price of $211.83.

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.