AeroVironment, Inc. (NASDAQ:AVAV) Stock Holdings Increased by Traynor Capital Management Inc.

Traynor Capital Management Inc. increased its stake in shares of AeroVironment, Inc. (NASDAQ:AVAV - Free Report) by 22.1% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 30,729 shares of the aerospace company's stock after purchasing an additional 5,564 shares during the period. Traynor Capital Management Inc. owned 0.11% of AeroVironment worth $4,729,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Security National Bank acquired a new stake in AeroVironment during the third quarter worth approximately $31,000. Modus Advisors LLC acquired a new stake in shares of AeroVironment during the fourth quarter worth $31,000. Canada Pension Plan Investment Board purchased a new stake in shares of AeroVironment in the second quarter valued at $36,000. Truvestments Capital LLC purchased a new position in AeroVironment during the third quarter worth about $62,000. Finally, Avior Wealth Management LLC boosted its stake in AeroVironment by 51.0% in the 3rd quarter. Avior Wealth Management LLC now owns 394 shares of the aerospace company's stock worth $79,000 after buying an additional 133 shares during the last quarter. Hedge funds and other institutional investors own 86.38% of the company's stock.

AeroVironment Trading Up 2.1 %

NASDAQ AVAV traded up $3.69 during mid-day trading on Thursday, hitting $181.57. The company's stock had a trading volume of 375,517 shares, compared to its average volume of 347,541. The firm has a market capitalization of $5.12 billion, a P/E ratio of 104.35 and a beta of 0.50. The company has a debt-to-equity ratio of 0.02, a current ratio of 4.61 and a quick ratio of 3.36. AeroVironment, Inc. has a 52-week low of $119.46 and a 52-week high of $236.60. The stock's fifty day simple moving average is $171.92 and its two-hundred day simple moving average is $185.73.

AeroVironment (NASDAQ:AVAV - Get Free Report) last issued its earnings results 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 net margin of 6.39% and a return on equity of 8.12%. The business had revenue of $188.46 million during the quarter, compared to analysts' expectations of $181.80 million. During the same period in the prior year, the business posted $0.97 EPS. The business'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 year.

Insider Transactions at AeroVironment

In other news, CFO Kevin Patrick Mcdonnell sold 508 shares of the company's stock in a transaction on Friday, November 1st. The shares were sold at an average price of $216.65, for a total value of $110,058.20. Following the completion of the transaction, the chief financial officer now directly owns 16,868 shares in the company, valued at approximately $3,654,452.20. This represents a 2.92 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 1.27% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages have 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 stock from $240.00 to $230.00 in a report on Wednesday, November 20th. William Blair reaffirmed an "outperform" rating on shares of AeroVironment in a research note on Thursday, December 5th. One equities research analyst has rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, AeroVironment has a consensus rating of "Buy" and an average price target 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.