Crescent Grove Advisors LLC Buys New Position in AeroVironment, Inc. (NASDAQ:AVAV)

Crescent Grove Advisors LLC acquired a new position in shares of AeroVironment, Inc. (NASDAQ:AVAV - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 1,508 shares of the aerospace company's stock, valued at approximately $232,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in AVAV. Security National Bank acquired a new position in shares of AeroVironment in the 3rd quarter valued at $31,000. Modus Advisors LLC acquired a new position in shares of AeroVironment in the 4th quarter valued at $31,000. Canada Pension Plan Investment Board acquired a new position in shares of AeroVironment in the 2nd quarter valued at $36,000. Truvestments Capital LLC acquired a new position in shares of AeroVironment in the 3rd quarter valued at $62,000. Finally, Avior Wealth Management LLC increased its holdings 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 acquiring an additional 133 shares during the period. Institutional investors and hedge funds own 86.38% of the company's stock.

Insider Buying and Selling

In related news, CFO Kevin Patrick Mcdonnell sold 508 shares of the business's stock in a transaction dated Friday, November 1st. The shares were sold at an average price of $216.65, for a total value of $110,058.20. Following the sale, the chief financial officer now directly owns 16,868 shares in the company, valued at $3,654,452.20. The trade was a 2.92 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 1.27% of the company's stock.

AeroVironment Price Performance

Shares of NASDAQ AVAV traded down $3.82 during trading on Monday, hitting $176.54. 387,370 shares of the company were exchanged, compared to its average volume of 348,310. The company has a market cap of $4.98 billion, a price-to-earnings ratio of 101.46 and a beta of 0.50. AeroVironment, Inc. has a 1 year low of $119.46 and a 1 year high of $236.60. The firm's fifty day moving average price is $171.11 and its 200 day moving average price is $186.01. The company has a debt-to-equity ratio of 0.02, a current ratio of 4.61 and a quick ratio of 3.36.

AeroVironment (NASDAQ:AVAV - Get Free Report) last issued its earnings results on Wednesday, December 4th. The aerospace company reported $0.47 EPS for the quarter, missing the consensus estimate of $0.76 by ($0.29). The company had revenue of $188.46 million for the quarter, compared to analysts' expectations of $181.80 million. AeroVironment had a return on equity of 8.12% and a net margin of 6.39%. AeroVironment's revenue for the quarter was up 4.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.97 earnings per share. On average, sell-side analysts expect that AeroVironment, Inc. will post 3.38 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

AVAV has been the topic of several recent research reports. Jefferies Financial Group raised shares of AeroVironment from a "hold" rating to a "buy" rating and dropped their price objective for the company from $240.00 to $230.00 in a research note on Wednesday, November 20th. William Blair reissued an "outperform" rating on shares of AeroVironment in a research note on Thursday, December 5th. 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 company's stock. According to MarketBeat, AeroVironment has an average rating of "Buy" and an average target price of $225.20.

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.