Angeles Wealth Management LLC Decreases Holdings in AeroVironment, Inc. (NASDAQ:AVAV)

Angeles Wealth Management LLC decreased its stake in AeroVironment, Inc. (NASDAQ:AVAV - Free Report) by 36.7% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 2,465 shares of the aerospace company's stock after selling 1,427 shares during the period. Angeles Wealth Management LLC's holdings in AeroVironment were worth $379,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Modus Advisors LLC bought a new stake in AeroVironment in the 4th quarter valued at about $31,000. Golden State Wealth Management LLC purchased a new position in shares of AeroVironment in the fourth quarter worth about $31,000. Wilmington Savings Fund Society FSB raised its position in shares of AeroVironment by 1,515.4% in the fourth quarter. Wilmington Savings Fund Society FSB now owns 210 shares of the aerospace company's stock valued at $32,000 after purchasing an additional 197 shares during the period. Truvestments Capital LLC purchased a new stake in shares of AeroVironment during the 3rd quarter valued at approximately $62,000. Finally, Blue Trust Inc. boosted its holdings in AeroVironment by 3,080.0% in the 4th quarter. Blue Trust Inc. now owns 318 shares of the aerospace company's stock worth $49,000 after buying an additional 308 shares during the period. 86.38% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at AeroVironment

In other AeroVironment news, CFO Kevin Patrick Mcdonnell sold 396 shares of the firm's stock in a transaction dated 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 of the company's stock, valued at $3,273,480.56. This trade represents a 2.35 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 1.27% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on AVAV shares. Jefferies Financial Group raised shares of 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 report on Wednesday, November 20th. William Blair reiterated an "outperform" rating on shares of AeroVironment in a research note on Thursday, December 5th. One research analyst has rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of "Buy" and a consensus price target of $225.20.

AeroVironment Price Performance

AVAV traded down $4.35 during trading on Friday, reaching $156.99. 484,258 shares of the company were exchanged, compared to its average volume of 367,003. The company's 50-day moving average is $166.63 and its two-hundred day moving average is $186.24. The company has a market cap of $4.43 billion, a price-to-earnings ratio of 90.22 and a beta of 0.52. The company has a quick ratio of 3.36, a current ratio of 4.61 and a debt-to-equity ratio of 0.02. AeroVironment, Inc. has a 12-month low of $121.38 and a 12-month high of $236.60.

AeroVironment (NASDAQ:AVAV - Get Free Report) last issued 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 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%. The business's revenue for the quarter was up 4.2% on a year-over-year basis. During the same period last year, the company posted $0.97 EPS. Research analysts forecast that AeroVironment, Inc. will post 3.38 earnings per share for the current fiscal year.

AeroVironment 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.