AeroVironment, Inc. (NASDAQ:AVAV) Shares Sold by Nwam LLC

Nwam LLC reduced its position in shares of AeroVironment, Inc. (NASDAQ:AVAV) by 5.2% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 18,449 shares of the aerospace company’s stock after selling 1,008 shares during the period. Nwam LLC’s holdings in AeroVironment were worth $3,699,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of AVAV. UniSuper Management Pty Ltd purchased a new stake in shares of AeroVironment during the first quarter valued at approximately $854,000. Vanguard Group Inc. raised its stake in shares of AeroVironment by 6.2% during the first quarter. Vanguard Group Inc. now owns 3,094,831 shares of the aerospace company’s stock valued at $474,376,000 after purchasing an additional 179,395 shares during the period. Natixis purchased a new stake in shares of AeroVironment during the first quarter valued at approximately $924,000. Comerica Bank raised its stake in shares of AeroVironment by 53.9% during the first quarter. Comerica Bank now owns 18,991 shares of the aerospace company’s stock valued at $2,911,000 after purchasing an additional 6,648 shares during the period. Finally, Advisors Asset Management Inc. raised its stake in shares of AeroVironment by 37.1% during the first quarter. Advisors Asset Management Inc. now owns 14,636 shares of the aerospace company’s stock valued at $2,243,000 after purchasing an additional 3,958 shares during the period. 86.38% of the stock is owned by institutional investors and hedge funds.

AeroVironment Trading Up 1.4 %

Shares of NASDAQ AVAV opened at $197.07 on Friday. The stock has a market cap of $5.56 billion, a price-to-earnings ratio of 91.20 and a beta of 0.49. The business has a 50 day simple moving average of $207.22 and a 200 day simple moving average of $193.86. AeroVironment, Inc. has a 52 week low of $116.51 and a 52 week high of $236.60. The company has a debt-to-equity ratio of 0.01, a quick ratio of 3.04 and a current ratio of 4.26.

AeroVironment (NASDAQ:AVAV) last released its quarterly earnings results on Wednesday, September 4th. The aerospace company reported $0.89 EPS for the quarter, beating analysts’ consensus estimates of $0.61 by $0.28. The company had revenue of $189.48 million for the quarter, compared to analyst estimates of $183.18 million. AeroVironment had a net margin of 7.82% and a return on equity of 9.87%. The company’s quarterly revenue was up 24.4% compared to the same quarter last year. During the same quarter last year, the firm posted $1.00 earnings per share. On average, research analysts predict that AeroVironment, Inc. will post 3.36 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on AVAV. BTIG Research restated a “buy” rating and issued a $245.00 price target on shares of AeroVironment in a research note on Tuesday, September 17th. Raymond James downgraded shares of AeroVironment from an “outperform” rating to a “market perform” rating in a report on Monday, September 16th. Jefferies Financial Group raised shares of AeroVironment from a “hold” rating to a “buy” rating and reduced their price target for the company from $240.00 to $230.00 in a report on Wednesday. Alembic Global Advisors raised shares of AeroVironment from a “neutral” rating to an “overweight” rating and set a $216.00 price objective for the company in a report on Wednesday, August 28th. Finally, Royal Bank of Canada reduced their price objective on shares of AeroVironment from $230.00 to $215.00 and set an “outperform” rating for the company in a report on Thursday, September 5th. One analyst has rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Buy” and an average price target of $211.83.

Insider Activity

In other news, CFO Kevin Patrick Mcdonnell sold 878 shares of the business’s stock in a transaction that occurred on Tuesday, October 1st. The stock was sold at an average price of $210.54, for a total value of $184,854.12. Following the transaction, the chief financial officer now directly owns 17,376 shares of the company’s stock, valued at $3,658,343.04. The trade was a 4.81 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Over the last 90 days, insiders sold 1,782 shares of company stock valued at $372,615. 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.