Novare Capital Management LLC Buys New Shares in AeroVironment, Inc. (NASDAQ:AVAV)

Novare Capital Management LLC bought a new position in AeroVironment, Inc. (NASDAQ:AVAV - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 1,500 shares of the aerospace company's stock, valued at approximately $231,000.

A number of other institutional investors have also modified their holdings of AVAV. Security National Bank bought a new position in AeroVironment during the third quarter worth $31,000. Modus Advisors LLC bought a new position in shares of AeroVironment in the 4th quarter worth about $31,000. Canada Pension Plan Investment Board acquired a new position in shares of AeroVironment in the 2nd quarter valued at about $36,000. Truvestments Capital LLC acquired a new position in shares of AeroVironment in the 3rd quarter valued at about $62,000. Finally, Avior Wealth Management LLC grew its position in shares of 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 buying an additional 133 shares during the last quarter. Institutional investors and hedge funds own 86.38% of the company's stock.

Analysts Set New Price Targets

AVAV has been the subject of a number of research reports. Jefferies Financial Group upgraded AeroVironment from a "hold" rating to a "buy" rating and decreased their target price for the company from $240.00 to $230.00 in a research note on Wednesday, November 20th. William Blair restated an "outperform" rating on shares of AeroVironment in a research report 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. Based on data from MarketBeat, AeroVironment presently has a consensus rating of "Buy" and a consensus price target of $225.20.

Insider Buying and Selling at AeroVironment

In other news, CFO Kevin Patrick Mcdonnell sold 508 shares of the business's stock in a transaction on Friday, November 1st. The stock was sold at an average price of $216.65, for a total value of $110,058.20. Following the sale, the chief financial officer now owns 16,868 shares of the company's stock, valued at approximately $3,654,452.20. The trade was a 2.92 % decrease in their position. 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 corporate insiders.

AeroVironment Stock Performance

Shares of AVAV traded down $3.82 during mid-day trading on Monday, reaching $176.54. 387,370 shares of the company's stock traded hands, compared to its average volume of 348,310. AeroVironment, Inc. has a 12 month low of $119.46 and a 12 month high of $236.60. The stock has a market capitalization of $4.98 billion, a P/E ratio of 101.46 and a beta of 0.50. The business's 50-day moving average price is $171.11 and its 200-day moving average price is $186.01. 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 announced its quarterly earnings results 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 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 company's revenue was up 4.2% compared to the same quarter last year. During the same quarter last year, the firm posted $0.97 EPS. Equities analysts predict that AeroVironment, Inc. will post 3.38 earnings per share for the current 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.