Montag A & Associates Inc. decreased its position in AeroVironment, Inc. (NASDAQ:AVAV - Free Report) by 73.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,510 shares of the aerospace company's stock after selling 4,209 shares during the quarter. Montag A & Associates Inc.'s holdings in AeroVironment were worth $232,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also recently modified their holdings of AVAV. Baillie Gifford & Co. increased its position in shares of AeroVironment by 29.1% in the third quarter. Baillie Gifford & Co. now owns 1,951,393 shares of the aerospace company's stock valued at $391,254,000 after acquiring an additional 439,717 shares during the last quarter. International Assets Investment Management LLC increased its position in shares of AeroVironment by 19,950.0% in the third quarter. International Assets Investment Management LLC now owns 267,066 shares of the aerospace company's stock valued at $53,547,000 after acquiring an additional 265,734 shares during the last quarter. Wellington Management Group LLP increased its position in shares of AeroVironment by 155.1% in the third quarter. Wellington Management Group LLP now owns 321,479 shares of the aerospace company's stock valued at $64,457,000 after acquiring an additional 195,443 shares during the last quarter. Stephens Investment Management Group LLC increased its position in shares of AeroVironment by 40.0% in the fourth quarter. Stephens Investment Management Group LLC now owns 541,541 shares of the aerospace company's stock valued at $83,338,000 after acquiring an additional 154,703 shares during the last quarter. Finally, Heard Capital LLC increased its position in shares of AeroVironment by 25.5% in the third quarter. Heard Capital LLC now owns 592,136 shares of the aerospace company's stock valued at $118,723,000 after acquiring an additional 120,447 shares during the last quarter. Institutional investors and hedge funds own 86.38% of the company's stock.
AeroVironment Stock Performance
Shares of NASDAQ:AVAV traded down $3.34 during trading on Friday, reaching $154.79. 331,416 shares of the stock were exchanged, compared to its average volume of 371,100. AeroVironment, Inc. has a 12 month low of $121.38 and a 12 month high of $236.60. The firm has a market cap of $4.37 billion, a PE ratio of 88.96 and a beta of 0.52. The stock has a 50-day moving average price of $166.73 and a 200-day moving average price of $185.73. The company has a current ratio of 4.61, a quick ratio of 3.36 and a debt-to-equity ratio of 0.02.
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). 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 the consensus estimate of $181.80 million. During the same quarter in the prior year, the firm earned $0.97 EPS. The company's revenue was up 4.2% on a year-over-year basis. Research analysts expect that AeroVironment, Inc. will post 3.38 EPS for the current fiscal year.
Insider Activity
In other news, CFO Kevin Patrick Mcdonnell sold 396 shares of AeroVironment stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of $198.73, for a total value of $78,697.08. Following the completion of the sale, the chief financial officer now directly owns 16,472 shares in the company, valued at approximately $3,273,480.56. The trade was a 2.35 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 1.27% of the stock is owned by company insiders.
Wall Street Analyst Weigh In
A number of research firms recently issued reports on AVAV. William Blair reaffirmed an "outperform" rating on shares of AeroVironment in a research report on Thursday, December 5th. Jefferies Financial Group raised 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 research report on Wednesday, November 20th. One investment analyst has rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, AeroVironment has a consensus rating of "Buy" and a consensus target price of $225.20.
View Our Latest Stock Report on AVAV
About AeroVironment
(
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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