Yousif Capital Management LLC Sells 242 Shares of AeroVironment, Inc. (NASDAQ:AVAV)

Yousif Capital Management LLC decreased its stake in shares of AeroVironment, Inc. (NASDAQ:AVAV) by 2.2% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 10,620 shares of the aerospace company’s stock after selling 242 shares during the quarter. Yousif Capital Management LLC’s holdings in AeroVironment were worth $1,634,000 as of its most recent filing with the SEC.

A number of other large investors have also made changes to their positions in AVAV. Franklin Resources Inc. raised its stake in shares of AeroVironment by 299.4% in the 3rd quarter. Franklin Resources Inc. now owns 4,821 shares of the aerospace company’s stock valued at $1,037,000 after buying an additional 3,614 shares in the last quarter. Hennion & Walsh Asset Management Inc. lifted its stake in AeroVironment by 22.7% during the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 3,893 shares of the aerospace company’s stock worth $599,000 after purchasing an additional 721 shares during the period. KBC Group NV boosted its holdings in AeroVironment by 63.3% during the fourth quarter. KBC Group NV now owns 1,231 shares of the aerospace company’s stock valued at $189,000 after purchasing an additional 477 shares in the last quarter. Assenagon Asset Management S.A. grew its stake in shares of AeroVironment by 740.9% in the 4th quarter. Assenagon Asset Management S.A. now owns 63,919 shares of the aerospace company’s stock valued at $9,836,000 after purchasing an additional 56,318 shares during the period. Finally, Janney Montgomery Scott LLC lifted its position in shares of AeroVironment by 14.6% during the 4th quarter. Janney Montgomery Scott LLC now owns 20,409 shares of the aerospace company’s stock worth $3,141,000 after buying an additional 2,601 shares during the period. Institutional investors and hedge funds own 86.38% of the company’s stock.

AeroVironment Price Performance

AVAV stock opened at $167.70 on Thursday. The stock has a 50-day moving average price of $166.84 and a two-hundred day moving average price of $186.54. AeroVironment, Inc. has a 1 year low of $121.38 and a 1 year high of $236.60. The stock has a market cap of $4.73 billion, a PE ratio of 96.38 and a beta of 0.52. The company has a current ratio of 4.61, a quick ratio of 3.36 and a debt-to-equity ratio of 0.02.

AeroVironment (NASDAQ:AVAV) last posted its quarterly earnings data 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). The business had revenue of $188.46 million during the quarter, compared to analyst estimates of $181.80 million. AeroVironment had a net margin of 6.39% and a return on equity of 8.12%. AeroVironment’s revenue for the quarter was up 4.2% on a year-over-year basis. During the same quarter last year, the business earned $0.97 earnings per share. Equities analysts forecast that AeroVironment, Inc. will post 3.38 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages have issued reports on AVAV. William Blair reiterated an “outperform” rating on shares of AeroVironment in a research report on Thursday, December 5th. Jefferies Financial Group upgraded AeroVironment from a “hold” rating to a “buy” rating and lowered their target price for the company from $240.00 to $230.00 in a research note on Wednesday, November 20th. One investment 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 company. According to MarketBeat.com, AeroVironment has a consensus rating of “Buy” and an average price target of $225.20.

Insider Transactions at AeroVironment

In other AeroVironment news, CFO Kevin Patrick Mcdonnell sold 396 shares of the company’s stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $198.73, for a total value of $78,697.08. Following the sale, the chief financial officer now owns 16,472 shares in the company, valued at $3,273,480.56. This represents a 2.35 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Company insiders own 1.27% of the company’s stock.

AeroVironment Company 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.