SkyOak Wealth LLC Takes $277,000 Position in AeroVironment, Inc. (NASDAQ:AVAV)

SkyOak Wealth LLC purchased a new stake in shares of AeroVironment, Inc. (NASDAQ:AVAV - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 1,800 shares of the aerospace company's stock, valued at approximately $277,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Security National Bank bought a new stake in shares of AeroVironment in the third quarter worth about $31,000. Modus Advisors LLC bought a new position in shares of AeroVironment during the 4th quarter valued at approximately $31,000. Truvestments Capital LLC purchased a new position in shares of AeroVironment in the third quarter valued at $62,000. Blue Trust Inc. increased its position in AeroVironment by 3,080.0% in the fourth quarter. Blue Trust Inc. now owns 318 shares of the aerospace company's stock worth $49,000 after purchasing an additional 308 shares during the last quarter. Finally, Avior Wealth Management LLC raised its stake in AeroVironment by 51.0% during the third quarter. Avior Wealth Management LLC now owns 394 shares of the aerospace company's stock valued at $79,000 after purchasing an additional 133 shares in the last quarter. 86.38% of the stock is currently owned by institutional investors.

AeroVironment Stock Down 3.7 %

NASDAQ:AVAV traded down $6.89 during midday trading on Thursday, reaching $179.07. The company had a trading volume of 397,675 shares, compared to its average volume of 352,110. AeroVironment, Inc. has a 12-month low of $121.38 and a 12-month high of $236.60. The firm has a market capitalization of $5.05 billion, a price-to-earnings ratio of 102.91 and a beta of 0.52. The company has a current ratio of 4.61, a quick ratio of 3.36 and a debt-to-equity ratio of 0.02. The stock's fifty day simple moving average is $168.47 and its 200-day simple moving average is $186.27.

AeroVironment (NASDAQ:AVAV - Get Free Report) last released its quarterly earnings data on Wednesday, December 4th. The aerospace company reported $0.47 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.76 by ($0.29). AeroVironment had a net margin of 6.39% and a return on equity of 8.12%. The company had revenue of $188.46 million during the quarter, compared to analyst estimates of $181.80 million. During the same quarter in the prior year, the company earned $0.97 EPS. The business's revenue was up 4.2% on a year-over-year basis. On average, sell-side analysts anticipate that AeroVironment, Inc. will post 3.38 earnings per share for the current fiscal year.

Insider Activity at AeroVironment

In other news, CFO Kevin Patrick Mcdonnell sold 396 shares of the firm's stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $198.73, for a total value of $78,697.08. Following the transaction, the chief financial officer now directly owns 16,472 shares in the company, valued at approximately $3,273,480.56. This trade represents a 2.35 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 1.27% of the stock is owned by insiders.

Wall Street Analyst Weigh In

AVAV has been the topic of several analyst reports. Jefferies Financial Group raised AeroVironment from a "hold" rating to a "buy" rating and cut their target price for the company from $240.00 to $230.00 in a research report on Wednesday, November 20th. William Blair reaffirmed 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 given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, AeroVironment has an average rating of "Buy" and an average target price of $225.20.

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.