Tidal Investments LLC Has $1.49 Million Position in AeroVironment, Inc. (NASDAQ:AVAV)

Tidal Investments LLC boosted its holdings in AeroVironment, Inc. (NASDAQ:AVAV) by 39.6% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 7,451 shares of the aerospace company’s stock after purchasing an additional 2,115 shares during the quarter. Tidal Investments LLC’s holdings in AeroVironment were worth $1,494,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Security National Bank acquired a new stake in AeroVironment in the 3rd quarter valued at $31,000. Canada Pension Plan Investment Board purchased a new position in AeroVironment during the 2nd quarter worth $36,000. Truvestments Capital LLC purchased a new position in AeroVironment during the 3rd quarter worth $62,000. Avior Wealth Management LLC boosted its holdings 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. Finally, Arcadia Investment Management Corp MI boosted its holdings in AeroVironment by 23.1% during the 3rd quarter. Arcadia Investment Management Corp MI now owns 400 shares of the aerospace company’s stock worth $80,000 after acquiring an additional 75 shares during the last quarter. Institutional investors and hedge funds own 86.38% of the company’s stock.

Insider Activity at AeroVironment

In related news, CFO Kevin Patrick Mcdonnell sold 396 shares of the business’s stock in a transaction dated 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 directly owns 16,472 shares in the company, valued at approximately $3,273,480.56. The trade was a 2.35 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In the last three months, insiders have sold 1,782 shares of company stock worth $373,609. Company insiders own 1.27% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the stock. Baird R W raised shares of AeroVironment from a “hold” rating to a “strong-buy” rating in a report on Wednesday, August 28th. Robert W. Baird raised shares of AeroVironment from a “neutral” rating to an “outperform” rating and lifted their price objective for the stock from $161.00 to $220.00 in a report on Wednesday, August 28th. Jefferies Financial Group raised shares of AeroVironment from a “hold” rating to a “buy” rating and cut their price objective for the stock from $240.00 to $230.00 in a report on Wednesday, November 20th. William Blair reaffirmed an “outperform” rating on shares of AeroVironment in a report on Thursday, December 5th. Finally, Royal Bank of Canada cut their price objective on shares of AeroVironment from $230.00 to $215.00 and set an “outperform” rating on the stock in a report on Thursday, September 5th. One analyst has rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Buy” and a consensus price target of $225.20.

AeroVironment Price Performance

Shares of NASDAQ:AVAV opened at $164.04 on Wednesday. The company’s 50-day moving average is $200.96 and its 200 day moving average is $191.90. The company has a debt-to-equity ratio of 0.02, a quick ratio of 3.36 and a current ratio of 4.61. The company has a market capitalization of $4.63 billion, a P/E ratio of 94.28 and a beta of 0.45. AeroVironment, Inc. has a fifty-two week low of $116.51 and a fifty-two week high of $236.60.

AeroVironment (NASDAQ:AVAV) last announced its quarterly earnings data on Wednesday, December 4th. The aerospace company reported $0.47 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.76 by ($0.29). AeroVironment had a net margin of 6.39% and a return on equity of 8.12%. The firm had revenue of $188.46 million during the quarter, compared to the consensus estimate of $181.80 million. During the same quarter in the prior year, the firm posted $0.97 earnings per share. The company’s revenue was up 4.2% on a year-over-year basis. On average, equities research analysts forecast that AeroVironment, Inc. will post 3.38 earnings per share for the current 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.