KBC Group NV Has $189,000 Position in AeroVironment, Inc. (NASDAQ:AVAV)

KBC Group NV grew its position in AeroVironment, Inc. (NASDAQ:AVAV) by 63.3% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,231 shares of the aerospace company’s stock after purchasing an additional 477 shares during the period. KBC Group NV’s holdings in AeroVironment were worth $189,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in the company. Security National Bank bought a new position in AeroVironment during the 3rd quarter valued at about $31,000. Modus Advisors LLC bought a new position in shares of AeroVironment in the fourth quarter valued at approximately $31,000. Blue Trust Inc. raised its stake in shares of AeroVironment by 3,080.0% in the fourth quarter. Blue Trust Inc. now owns 318 shares of the aerospace company’s stock valued at $49,000 after acquiring an additional 308 shares during the last quarter. Truvestments Capital LLC acquired a new position in shares of AeroVironment in the 3rd quarter worth approximately $62,000. Finally, Avior Wealth Management LLC grew its position in AeroVironment by 51.0% during the 3rd quarter. Avior Wealth Management LLC now owns 394 shares of the aerospace company’s stock worth $79,000 after acquiring an additional 133 shares during the last quarter. Institutional investors own 86.38% of the company’s stock.

AeroVironment Stock Up 7.6 %

Shares of NASDAQ:AVAV opened at $186.12 on Wednesday. The company has a debt-to-equity ratio of 0.02, a current ratio of 4.61 and a quick ratio of 3.36. The stock has a market cap of $5.25 billion, a price-to-earnings ratio of 106.97 and a beta of 0.52. The company has a 50 day moving average of $168.80 and a 200-day moving average of $186.33. AeroVironment, Inc. has a one year low of $119.54 and a one year high of $236.60.

AeroVironment (NASDAQ:AVAV) last announced its quarterly earnings data 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 return on equity of 8.12% and a net margin of 6.39%. The company had revenue of $188.46 million for the quarter, compared to analyst estimates of $181.80 million. During the same period last year, the firm earned $0.97 earnings per share. The firm’s revenue for the quarter was up 4.2% on a year-over-year basis. On average, sell-side analysts forecast that AeroVironment, Inc. will post 3.38 earnings per share for the current year.

Insider Activity

In related news, CFO Kevin Patrick Mcdonnell sold 396 shares of AeroVironment stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $198.73, for a total value of $78,697.08. Following the sale, the chief financial officer now owns 16,472 shares of the company’s stock, valued at approximately $3,273,480.56. This trade represents a 2.35 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.27% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of analysts have recently weighed in on AVAV shares. William Blair restated an “outperform” rating on shares of AeroVironment in a research note on Thursday, December 5th. Jefferies Financial Group upgraded shares of AeroVironment from a “hold” rating to a “buy” rating and lowered their price objective for the company from $240.00 to $230.00 in a research report on Wednesday, November 20th. One research analyst has rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, AeroVironment currently has a consensus rating of “Buy” and an average price target of $225.20.

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.