AeroVironment, Inc. $AVAV Shares Sold by Mutual of America Capital Management LLC

Mutual of America Capital Management LLC lowered its stake in shares of AeroVironment, Inc. (NASDAQ:AVAV) by 11.3% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 3,619 shares of the aerospace company’s stock after selling 459 shares during the period. Mutual of America Capital Management LLC’s holdings in AeroVironment were worth $1,031,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently bought and sold shares of AVAV. ORG Partners LLC grew its position in shares of AeroVironment by 296.0% in the second quarter. ORG Partners LLC now owns 99 shares of the aerospace company’s stock valued at $27,000 after purchasing an additional 74 shares during the last quarter. RMG Wealth Management LLC acquired a new position in shares of AeroVironment during the 2nd quarter valued at about $28,000. Thurston Springer Miller Herd & Titak Inc. raised its stake in AeroVironment by 21.5% during the second quarter. Thurston Springer Miller Herd & Titak Inc. now owns 237 shares of the aerospace company’s stock worth $68,000 after purchasing an additional 42 shares during the period. BI Asset Management Fondsmaeglerselskab A S acquired a new stake in shares of AeroVironment during the 1st quarter worth $40,000. Finally, Signaturefd LLC grew its holdings in shares of AeroVironment by 56.1% during the 1st quarter. Signaturefd LLC now owns 398 shares of the aerospace company’s stock worth $47,000 after purchasing an additional 143 shares during the period. 86.38% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at AeroVironment

In other AeroVironment news, CFO Kevin Patrick Mcdonnell sold 998 shares of the business’s stock in a transaction dated Friday, October 10th. The stock was sold at an average price of $399.74, for a total value of $398,940.52. Following the completion of the sale, the chief financial officer owned 19,324 shares of the company’s stock, valued at $7,724,575.76. The trade was a 4.91% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Trace E. Stevenson sold 1,717 shares of the stock in a transaction that occurred on Monday, October 6th. The shares were sold at an average price of $381.00, for a total value of $654,177.00. Following the transaction, the insider owned 4,907 shares in the company, valued at approximately $1,869,567. This trade represents a 25.92% decrease in their position. The disclosure for this sale can be found here. 0.81% of the stock is owned by insiders.

AeroVironment Price Performance

NASDAQ AVAV opened at $380.13 on Tuesday. The firm has a market capitalization of $18.98 billion, a price-to-earnings ratio of -593.94, a price-to-earnings-growth ratio of 5.34 and a beta of 0.99. AeroVironment, Inc. has a 52-week low of $102.25 and a 52-week high of $417.86. The company has a debt-to-equity ratio of 0.16, a current ratio of 5.96 and a quick ratio of 5.12. The company has a 50 day simple moving average of $304.23 and a 200-day simple moving average of $240.56.

AeroVironment (NASDAQ:AVAV) last issued its earnings results on Monday, August 28th. The aerospace company reported $0.12 earnings per share for the quarter. The company had revenue of $132.62 million for the quarter. AeroVironment had a positive return on equity of 4.67% and a negative net margin of 4.14%. Equities research analysts predict that AeroVironment, Inc. will post 3.38 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms recently commented on AVAV. Canaccord Genuity Group boosted their price target on AeroVironment from $305.00 to $430.00 and gave the stock a “buy” rating in a research report on Tuesday, October 7th. Raymond James Financial raised their price objective on AeroVironment from $300.00 to $348.00 and gave the stock a “strong-buy” rating in a research note on Monday, September 29th. Citigroup reiterated an “outperform” rating on shares of AeroVironment in a research note on Friday, October 3rd. Stifel Nicolaus boosted their price target on shares of AeroVironment from $295.00 to $389.00 and gave the company a “buy” rating in a report on Thursday, October 2nd. Finally, New Street Research set a $365.00 target price on AeroVironment in a research note on Wednesday, October 1st. Two investment analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $356.07.

About AeroVironment

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.