250 Shares in AeroVironment, Inc. (NASDAQ:AVAV) Acquired by Bogart Wealth LLC

Bogart Wealth LLC purchased a new position in shares of AeroVironment, Inc. (NASDAQ:AVAV) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 250 shares of the aerospace company’s stock, valued at approximately $38,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Modus Advisors LLC purchased a new position in shares of AeroVironment during the fourth quarter worth $31,000. Golden State Wealth Management LLC purchased a new position in shares of AeroVironment during the fourth quarter worth $31,000. Wilmington Savings Fund Society FSB boosted its position in shares of AeroVironment by 1,515.4% during the fourth quarter. Wilmington Savings Fund Society FSB now owns 210 shares of the aerospace company’s stock worth $32,000 after buying an additional 197 shares during the period. Truvestments Capital LLC purchased a new position in shares of AeroVironment during the third quarter worth $62,000. Finally, Blue Trust Inc. boosted its position in shares of AeroVironment by 3,080.0% during the fourth quarter. Blue Trust Inc. now owns 318 shares of the aerospace company’s stock worth $49,000 after buying an additional 308 shares during the period. 86.38% of the stock is currently owned by hedge funds and other institutional investors.

AeroVironment Stock Down 2.7 %

Shares of NASDAQ AVAV opened at $156.99 on Friday. AeroVironment, Inc. has a 12-month low of $121.38 and a 12-month 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. The stock has a market cap of $4.43 billion, a P/E ratio of 90.22 and a beta of 0.52. The business’s fifty day simple moving average is $166.63 and its 200-day simple moving average is $186.33.

AeroVironment (NASDAQ:AVAV) last posted 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). AeroVironment had a net margin of 6.39% and a return on equity of 8.12%. The business had revenue of $188.46 million during the quarter, compared to analyst estimates of $181.80 million. During the same quarter in the prior year, the business earned $0.97 earnings per share. The firm’s quarterly revenue was up 4.2% on a year-over-year basis. As a group, equities analysts predict that AeroVironment, Inc. will post 3.38 EPS for the current fiscal year.

Insider Buying and Selling at AeroVironment

In other AeroVironment news, CFO Kevin Patrick Mcdonnell sold 396 shares of the firm’s stock in a transaction 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 directly owns 16,472 shares in the company, valued at $3,273,480.56. This trade represents a 2.35 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.27% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the company. William Blair restated an “outperform” rating on shares of AeroVironment in a research report on Thursday, December 5th. Jefferies Financial Group upgraded AeroVironment from a “hold” rating to a “buy” rating and reduced their price objective 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 issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and an average target price 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.