Cypress Capital Group Purchases Shares of 2,208 AeroVironment, Inc. (NASDAQ:AVAV)

Cypress Capital Group purchased a new stake in AeroVironment, Inc. (NASDAQ:AVAV - Free Report) during the fourth quarter, according to its most recent disclosure with the SEC. The firm purchased 2,208 shares of the aerospace company's stock, valued at approximately $340,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Modus Advisors LLC acquired a new stake in AeroVironment in the 4th quarter valued at about $31,000. Golden State Wealth Management LLC acquired a new stake in AeroVironment in the 4th quarter valued at about $31,000. Wilmington Savings Fund Society FSB raised its holdings in AeroVironment by 1,515.4% in the 4th quarter. Wilmington Savings Fund Society FSB now owns 210 shares of the aerospace company's stock valued at $32,000 after acquiring an additional 197 shares during the last quarter. Bogart Wealth LLC acquired a new stake in AeroVironment in the 4th quarter valued at about $38,000. Finally, Blue Trust Inc. raised its holdings in AeroVironment by 2,950.0% in the 4th quarter. Blue Trust Inc. now owns 305 shares of the aerospace company's stock valued at $47,000 after acquiring an additional 295 shares during the last quarter. 86.38% of the stock is owned by hedge funds and other institutional investors.

AeroVironment Trading Down 2.0 %

Shares of NASDAQ AVAV traded down $2.74 during midday trading on Friday, reaching $132.33. 668,299 shares of the stock were exchanged, compared to its average volume of 390,564. The company has a 50 day simple moving average of $163.37 and a 200 day simple moving average of $183.26. The stock has a market capitalization of $3.73 billion, a P/E ratio of 76.05 and a beta of 0.42. The company has a debt-to-equity ratio of 0.02, a quick ratio of 3.36 and a current ratio of 4.61. AeroVironment, Inc. has a twelve month low of $110.07 and a twelve month high of $236.60.

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AeroVironment (NASDAQ:AVAV - Get Free Report) last announced its quarterly 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 8.12% and a net margin of 6.39%. The firm had revenue of $188.46 million for the quarter, compared to analyst estimates of $181.80 million. During the same quarter in the prior year, the business earned $0.97 EPS. The firm's quarterly revenue was up 4.2% on a year-over-year basis. As a group, equities analysts expect that AeroVironment, Inc. will post 3.38 earnings per share for the current year.

Analyst Upgrades and Downgrades

AVAV has been the subject of a number of recent research reports. Robert W. Baird cut their price objective on shares of AeroVironment from $220.00 to $146.00 and set an "outperform" rating for the company in a report on Wednesday. Jefferies Financial Group cut their price objective on shares of AeroVironment from $230.00 to $190.00 and set a "buy" rating for the company in a report on Wednesday. Finally, William Blair restated an "outperform" rating on shares of AeroVironment in a report on Wednesday. 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. According to MarketBeat, the company currently has a consensus rating of "Buy" and a consensus target price of $202.40.

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.