AeroVironment, Inc. (NASDAQ:AVAV) Stock Position Lessened by Capital Advisors Inc. OK

Capital Advisors Inc. OK decreased its holdings in AeroVironment, Inc. (NASDAQ:AVAV) by 9.5% in the 4th quarter, HoldingsChannel reports. The firm owned 5,707 shares of the aerospace company’s stock after selling 600 shares during the quarter. Capital Advisors Inc. OK’s holdings in AeroVironment were worth $878,000 as of its most recent filing with the SEC.

Several other large investors have also bought and sold shares of AVAV. Baillie Gifford & Co. boosted its stake in AeroVironment by 29.1% during the third quarter. Baillie Gifford & Co. now owns 1,951,393 shares of the aerospace company’s stock valued at $391,254,000 after buying an additional 439,717 shares in the last quarter. International Assets Investment Management LLC boosted its stake in AeroVironment by 19,950.0% during the third quarter. International Assets Investment Management LLC now owns 267,066 shares of the aerospace company’s stock valued at $53,547,000 after buying an additional 265,734 shares in the last quarter. Wellington Management Group LLP boosted its stake in AeroVironment by 155.1% during the third quarter. Wellington Management Group LLP now owns 321,479 shares of the aerospace company’s stock valued at $64,457,000 after buying an additional 195,443 shares in the last quarter. Stephens Investment Management Group LLC boosted its stake in AeroVironment by 40.0% during the fourth quarter. Stephens Investment Management Group LLC now owns 541,541 shares of the aerospace company’s stock valued at $83,338,000 after buying an additional 154,703 shares in the last quarter. Finally, Heard Capital LLC boosted its stake in AeroVironment by 25.5% during the third quarter. Heard Capital LLC now owns 592,136 shares of the aerospace company’s stock valued at $118,723,000 after buying an additional 120,447 shares in the last quarter. Institutional investors own 86.38% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the company. William Blair reaffirmed an “outperform” rating on shares of AeroVironment in a research note on Thursday, December 5th. Jefferies Financial Group raised AeroVironment from a “hold” rating to a “buy” rating and decreased their target price for the company from $240.00 to $230.00 in a research note on Wednesday, November 20th. One 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 company’s stock. According to MarketBeat.com, AeroVironment presently has a consensus rating of “Buy” and a consensus target price of $225.20.

AeroVironment Trading Down 1.5 %

Shares of AVAV opened at $179.35 on Wednesday. The business’s 50-day moving average price is $167.42 and its 200 day moving average price is $186.68. The stock has a market capitalization of $5.06 billion, a P/E ratio of 103.07 and a beta of 0.52. AeroVironment, Inc. has a 1-year low of $121.38 and a 1-year high of $236.60. The company has a current ratio of 4.61, a quick ratio of 3.36 and a debt-to-equity ratio of 0.02.

AeroVironment (NASDAQ:AVAV) last issued its quarterly earnings results on Wednesday, December 4th. The aerospace company reported $0.47 earnings per share for the quarter, missing analysts’ consensus estimates of $0.76 by ($0.29). The company had revenue of $188.46 million during the quarter, compared to analysts’ expectations of $181.80 million. AeroVironment had a return on equity of 8.12% and a net margin of 6.39%. During the same period in the prior year, the business posted $0.97 EPS. The company’s revenue for the quarter was up 4.2% compared to the same quarter last year. Analysts expect that AeroVironment, Inc. will post 3.38 earnings per share for the current year.

Insiders Place Their Bets

In other news, CFO Kevin Patrick Mcdonnell sold 396 shares of AeroVironment stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of $198.73, for a total transaction of $78,697.08. Following the completion of the sale, the chief financial officer now directly owns 16,472 shares in the company, valued at $3,273,480.56. The trade was 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 link. Corporate insiders own 1.27% of the company’s stock.

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.