MADDEN SECURITIES Corp Sells 2,203 Shares of AeroVironment, Inc. (NASDAQ:AVAV)

MADDEN SECURITIES Corp lowered its holdings in AeroVironment, Inc. (NASDAQ:AVAV - Free Report) by 10.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 17,975 shares of the aerospace company's stock after selling 2,203 shares during the period. AeroVironment accounts for 1.1% of MADDEN SECURITIES Corp's investment portfolio, making the stock its 25th biggest position. MADDEN SECURITIES Corp owned about 0.06% of AeroVironment worth $2,766,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in AVAV. SG Americas Securities LLC grew its position in shares of AeroVironment by 311.6% during the third quarter. SG Americas Securities LLC now owns 3,239 shares of the aerospace company's stock worth $649,000 after buying an additional 2,452 shares in the last quarter. GAMMA Investing LLC lifted its stake in AeroVironment by 32.2% in the third quarter. GAMMA Investing LLC now owns 603 shares of the aerospace company's stock valued at $121,000 after buying an additional 147 shares during the last quarter. Ritholtz Wealth Management bought a new stake in AeroVironment in the third quarter valued at $248,000. Exchange Traded Concepts LLC lifted its stake in AeroVironment by 4.2% in the third quarter. Exchange Traded Concepts LLC now owns 4,065 shares of the aerospace company's stock valued at $815,000 after buying an additional 162 shares during the last quarter. Finally, NBC Securities Inc. lifted its stake in AeroVironment by 47.4% in the third quarter. NBC Securities Inc. now owns 432 shares of the aerospace company's stock valued at $86,000 after buying an additional 139 shares during the last quarter. Hedge funds and other institutional investors own 86.38% of the company's stock.

Analysts Set New Price Targets

A number of brokerages recently weighed in on AVAV. Jefferies Financial Group upgraded shares of AeroVironment from a "hold" rating to a "buy" rating and cut their price objective for the company from $240.00 to $230.00 in a research note on Wednesday, November 20th. William Blair reissued 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 data from MarketBeat, the company has a consensus rating of "Buy" and a consensus price target of $225.20.

AeroVironment Stock Performance

AVAV traded down $4.35 on Friday, hitting $156.99. The company had a trading volume of 484,258 shares, compared to its average volume of 367,003. The company's fifty day moving average price is $166.63 and its 200 day moving average price is $186.24. AeroVironment, Inc. has a 1-year low of $121.38 and a 1-year high of $236.60. The company has a debt-to-equity ratio of 0.02, a current ratio of 4.61 and a quick ratio of 3.36. The stock has a market cap of $4.43 billion, a price-to-earnings ratio of 90.22 and a beta of 0.52.

AeroVironment (NASDAQ:AVAV - Get Free Report) last posted its earnings results on Wednesday, December 4th. The aerospace company reported $0.47 earnings per share for the quarter, missing the consensus estimate 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 during the quarter, compared to analyst estimates of $181.80 million. During the same quarter last year, the firm posted $0.97 earnings per share. The firm's revenue for the quarter was up 4.2% compared to the same quarter last year. Equities analysts predict that AeroVironment, Inc. will post 3.38 earnings per share for the current fiscal year.

Insider Transactions at AeroVironment

In other news, CFO Kevin Patrick Mcdonnell sold 396 shares of the company'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 $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 Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 1.27% of the company's stock.

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.