International Assets Investment Management LLC reduced its stake in shares of AeroVironment, Inc. (NASDAQ:AVAV - Free Report) by 99.5% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,332 shares of the aerospace company's stock after selling 265,734 shares during the period. International Assets Investment Management LLC's holdings in AeroVironment were worth $208,000 as of its most recent SEC filing.
Other hedge funds have also modified their holdings of the company. Security National Bank acquired a new position in shares of AeroVironment during the 3rd quarter worth $31,000. Canada Pension Plan Investment Board acquired a new position in AeroVironment during the second quarter worth $36,000. Modus Advisors LLC bought a new position in AeroVironment during the fourth quarter valued at about $31,000. Truvestments Capital LLC acquired a new stake in shares of AeroVironment in the third quarter worth about $62,000. Finally, Avior Wealth Management LLC lifted its position in shares of AeroVironment by 51.0% in the third quarter. Avior Wealth Management LLC now owns 394 shares of the aerospace company's stock worth $79,000 after buying an additional 133 shares during the last quarter. 86.38% of the stock is owned by institutional investors and hedge funds.
Insiders Place Their Bets
In other news, CFO Kevin Patrick Mcdonnell sold 508 shares of the firm's stock in a transaction that occurred on Friday, November 1st. The shares were sold at an average price of $216.65, for a total transaction of $110,058.20. Following the completion of the transaction, the chief financial officer now directly owns 16,868 shares of the company's stock, valued at $3,654,452.20. This trade represents a 2.92 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 1.27% of the company's stock.
Analyst Ratings Changes
AVAV has been the subject of a number of analyst reports. William Blair restated an "outperform" rating on shares of AeroVironment in a research note on Thursday, December 5th. Jefferies Financial Group upgraded shares of AeroVironment from a "hold" rating to a "buy" rating and dropped their target price for the stock from $240.00 to $230.00 in a report on Wednesday, November 20th. BTIG Research restated a "buy" rating and set a $245.00 price target on shares of AeroVironment in a report on Tuesday, September 17th. Finally, Raymond James lowered AeroVironment from an "outperform" rating to a "market perform" rating in a research note on Monday, September 16th. One equities research 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's stock. Based on data from MarketBeat, AeroVironment currently has a consensus rating of "Buy" and an average target price of $225.20.
Get Our Latest Analysis on AeroVironment
AeroVironment Trading Up 1.6 %
NASDAQ:AVAV traded up $2.55 during trading hours on Tuesday, hitting $164.66. 283,022 shares of the stock were exchanged, compared to its average volume of 336,100. The company has a market capitalization of $4.64 billion, a P/E ratio of 94.63 and a beta of 0.50. The company has a quick ratio of 3.36, a current ratio of 4.61 and a debt-to-equity ratio of 0.02. The company's 50 day moving average is $179.73 and its two-hundred day moving average is $186.00. AeroVironment, Inc. has a twelve month low of $119.46 and a twelve month high of $236.60.
AeroVironment (NASDAQ:AVAV - Get Free Report) last issued its quarterly 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 business had revenue of $188.46 million for the quarter, compared to analyst estimates of $181.80 million. AeroVironment had a return on equity of 8.12% and a net margin of 6.39%. The firm's quarterly revenue was up 4.2% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.97 EPS. On average, sell-side analysts anticipate that AeroVironment, Inc. will post 3.38 earnings per share for the current fiscal year.
AeroVironment Profile
(
Free Report)
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.
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