Freemont Management S.A. Acquires Shares of 9,200 AeroVironment, Inc. (NASDAQ:AVAV)

Freemont Management S.A. acquired a new position in shares of AeroVironment, Inc. (NASDAQ:AVAV - Free Report) in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 9,200 shares of the aerospace company's stock, valued at approximately $1,845,000.

Several other large investors have also modified their holdings of the stock. Security National Bank acquired a new stake in shares of AeroVironment in the third quarter worth $31,000. Canada Pension Plan Investment Board acquired a new stake in shares of AeroVironment in the second quarter worth $36,000. Arcadia Investment Management Corp MI boosted its position in shares of AeroVironment by 23.1% in the third quarter. Arcadia Investment Management Corp MI now owns 400 shares of the aerospace company's stock worth $80,000 after buying an additional 75 shares during the period. NBC Securities Inc. boosted its position in shares of AeroVironment by 47.4% in the third quarter. NBC Securities Inc. now owns 432 shares of the aerospace company's stock worth $86,000 after buying an additional 139 shares during the period. Finally, DT Investment Partners LLC acquired a new stake in shares of AeroVironment in the second quarter worth $95,000. 86.38% of the stock is owned by institutional investors.

AeroVironment Stock Performance

AVAV stock traded down $13.31 during trading on Thursday, reaching $204.25. 430,673 shares of the stock were exchanged, compared to its average volume of 336,736. AeroVironment, Inc. has a twelve month low of $116.51 and a twelve month high of $236.60. The company has a market capitalization of $5.76 billion, a P/E ratio of 95.89 and a beta of 0.49. The stock has a 50 day simple moving average of $205.74 and a 200-day simple moving average of $192.69. 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 (NASDAQ:AVAV - Get Free Report) last released its earnings results on Wednesday, September 4th. The aerospace company reported $0.89 earnings per share for the quarter, topping analysts' consensus estimates of $0.61 by $0.28. AeroVironment had a return on equity of 9.87% and a net margin of 7.82%. The business had revenue of $189.48 million for the quarter, compared to the consensus estimate of $183.18 million. During the same period last year, the business earned $1.00 earnings per share. The firm's revenue for the quarter was up 24.4% compared to the same quarter last year. As a group, sell-side analysts anticipate that AeroVironment, Inc. will post 3.36 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the company. Alembic Global Advisors raised AeroVironment from a "neutral" rating to an "overweight" rating and set a $216.00 price objective for the company in a research report on Wednesday, August 28th. Robert W. Baird raised AeroVironment from a "neutral" rating to an "outperform" rating and lifted their price objective for the company from $161.00 to $220.00 in a research report on Wednesday, August 28th. Royal Bank of Canada reduced their price objective on AeroVironment from $230.00 to $215.00 and set an "outperform" rating for the company in a research report on Thursday, September 5th. BTIG Research reissued a "buy" rating and set a $245.00 price objective on shares of AeroVironment in a research report on Tuesday, September 17th. Finally, Jefferies Financial Group cut AeroVironment from a "buy" rating to a "hold" rating and set a $240.00 price objective for the company. in a research report on Tuesday. Two equities research analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, AeroVironment presently has an average rating of "Moderate Buy" and a consensus price target of $213.50.

Insider Buying and Selling

In other AeroVironment news, CFO Kevin Patrick Mcdonnell sold 508 shares of AeroVironment stock in a transaction that occurred on Friday, November 1st. The stock was sold at an average price of $216.65, for a total transaction of $110,058.20. Following the sale, the chief financial officer now directly owns 16,868 shares of the company's stock, valued at approximately $3,654,452.20. The trade was a 2.92 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders have sold a total of 1,782 shares of company stock valued at $372,615 over the last three months. 1.27% of the stock is owned by corporate insiders.

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.