AeroVironment, Inc. (NASDAQ:AVAV) Holdings Raised by GDS Wealth Management

GDS Wealth Management raised its position in AeroVironment, Inc. (NASDAQ:AVAV - Free Report) by 327.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 9,071 shares of the aerospace company's stock after purchasing an additional 6,948 shares during the quarter. GDS Wealth Management's holdings in AeroVironment were worth $1,396,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the company. Radnor Capital Management LLC boosted its position in shares of AeroVironment by 1.0% during the 3rd quarter. Radnor Capital Management LLC now owns 5,965 shares of the aerospace company's stock worth $1,196,000 after purchasing an additional 60 shares during the period. Arcadia Investment Management Corp MI grew its stake 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 valued at $80,000 after buying an additional 75 shares in the last quarter. First Trust Direct Indexing L.P. raised its holdings in shares of AeroVironment by 7.2% in the 3rd quarter. First Trust Direct Indexing L.P. now owns 1,434 shares of the aerospace company's stock valued at $288,000 after buying an additional 96 shares during the period. Exchange Traded Concepts LLC lifted its stake in AeroVironment by 2.6% during the 4th quarter. Exchange Traded Concepts LLC now owns 4,170 shares of the aerospace company's stock worth $642,000 after acquiring an additional 105 shares in the last quarter. Finally, Avior Wealth Management LLC boosted its holdings in AeroVironment by 51.0% during the 3rd quarter. Avior Wealth Management LLC now owns 394 shares of the aerospace company's stock valued at $79,000 after acquiring an additional 133 shares during the period. Hedge funds and other institutional investors own 86.38% of the company's stock.

Insiders Place Their Bets

In other news, CFO Kevin Patrick Mcdonnell sold 396 shares of the business's stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $198.73, for a total transaction of $78,697.08. Following the completion of the transaction, 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 sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 1.27% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

AVAV has been the topic of a number of research reports. Jefferies Financial Group upgraded shares of AeroVironment from a "hold" rating to a "buy" rating and reduced their target price for the stock 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 analyst has rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, AeroVironment presently has a consensus rating of "Buy" and a consensus price target of $225.20.

AeroVironment Trading Down 1.2 %

NASDAQ AVAV traded down $2.14 during trading hours on Friday, hitting $176.93. 244,383 shares of the company's stock were exchanged, compared to its average volume of 347,803. AeroVironment, Inc. has a 12-month low of $121.38 and a 12-month high of $236.60. The business's 50 day moving average is $168.12 and its 200-day moving average is $186.33. The firm has a market capitalization of $4.99 billion, a P/E ratio of 101.68 and a beta of 0.52. 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 (NASDAQ:AVAV - Get Free Report) last issued its quarterly earnings data on Wednesday, December 4th. The aerospace company reported $0.47 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 company 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 firm earned $0.97 EPS. The company's revenue for the quarter was up 4.2% compared to the same quarter last year. As a group, analysts anticipate that AeroVironment, Inc. will post 3.38 EPS 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.