AeroVironment, Inc. (NASDAQ:AVAV) Shares Sold by Private Advisor Group LLC

Private Advisor Group LLC decreased its holdings in shares of AeroVironment, Inc. (NASDAQ:AVAV) by 16.1% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,009 shares of the aerospace company’s stock after selling 193 shares during the quarter. Private Advisor Group LLC’s holdings in AeroVironment were worth $202,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in AVAV. Security National Bank purchased a new position in shares of AeroVironment in the 3rd quarter worth $31,000. Canada Pension Plan Investment Board purchased a new position in shares of AeroVironment in the 2nd quarter worth $36,000. NBC Securities Inc. raised its position in shares of AeroVironment by 47.4% in the 3rd quarter. NBC Securities Inc. now owns 432 shares of the aerospace company’s stock worth $86,000 after buying an additional 139 shares during the period. DT Investment Partners LLC purchased a new position in shares of AeroVironment in the 2nd quarter worth $95,000. Finally, GAMMA Investing LLC raised its position in shares of AeroVironment by 32.2% in the 3rd quarter. GAMMA Investing LLC now owns 603 shares of the aerospace company’s stock worth $121,000 after buying an additional 147 shares during the period. 86.38% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

AVAV has been the topic of several research reports. Robert W. Baird raised AeroVironment from a “neutral” rating to an “outperform” rating and increased their target price for the stock from $161.00 to $220.00 in a research report on Wednesday, August 28th. Alembic Global Advisors raised AeroVironment from a “neutral” rating to an “overweight” rating and set a $216.00 price objective on the stock in a research report on Wednesday, August 28th. BTIG Research reissued a “buy” rating and issued a $245.00 price objective on shares of AeroVironment in a research report on Tuesday, September 17th. Royal Bank of Canada cut their price objective on AeroVironment from $230.00 to $215.00 and set an “outperform” rating on the stock in a research report on Thursday, September 5th. Finally, Raymond James lowered AeroVironment from an “outperform” rating to a “market perform” rating in a research report on Monday, September 16th. One analyst has rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus target price of $208.20.

Insider Buying and Selling

In related news, CFO Kevin Patrick Mcdonnell sold 508 shares of AeroVironment stock in a transaction dated Friday, November 1st. The stock was 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 trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Over the last three months, insiders sold 1,782 shares of company stock worth $372,615. Corporate insiders own 1.27% of the company’s stock.

AeroVironment Stock Up 1.9 %

Shares of NASDAQ AVAV opened at $227.87 on Friday. AeroVironment, Inc. has a 1 year low of $116.51 and a 1 year high of $232.00. The firm has a market cap of $6.43 billion, a price-to-earnings ratio of 106.98 and a beta of 0.49. The company has a debt-to-equity ratio of 0.01, a quick ratio of 3.04 and a current ratio of 4.26. The stock’s 50-day simple moving average is $203.71 and its 200-day simple moving average is $190.99.

AeroVironment (NASDAQ:AVAV) last announced its earnings results on Wednesday, September 4th. The aerospace company reported $0.89 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.61 by $0.28. AeroVironment had a return on equity of 9.87% and a net margin of 7.82%. The business had revenue of $189.48 million for the quarter, compared to analyst estimates of $183.18 million. During the same period in the previous year, the company earned $1.00 earnings per share. The company’s revenue for the quarter was up 24.4% compared to the same quarter last year. As a group, equities analysts anticipate that AeroVironment, Inc. will post 3.36 earnings per share for the current fiscal year.

AeroVironment Company 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.