MADDEN SECURITIES Corp Has $2.77 Million Holdings in AeroVironment, Inc. (NASDAQ:AVAV)

MADDEN SECURITIES Corp decreased its position in shares of AeroVironment, Inc. (NASDAQ:AVAV) by 10.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 17,975 shares of the aerospace company’s stock after selling 2,203 shares during the quarter. AeroVironment makes up approximately 1.1% of MADDEN SECURITIES Corp’s portfolio, making the stock its 25th biggest position. MADDEN SECURITIES Corp owned 0.06% of AeroVironment worth $2,766,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. SG Americas Securities LLC boosted its stake in shares of AeroVironment by 311.6% during the third quarter. SG Americas Securities LLC now owns 3,239 shares of the aerospace company’s stock valued at $649,000 after purchasing an additional 2,452 shares in the last quarter. GAMMA Investing LLC raised its holdings in AeroVironment by 32.2% in the 3rd quarter. GAMMA Investing LLC now owns 603 shares of the aerospace company’s stock valued at $121,000 after buying an additional 147 shares during the last quarter. Ritholtz Wealth Management acquired a new stake in AeroVironment during the 3rd quarter worth approximately $248,000. Exchange Traded Concepts LLC grew its holdings in AeroVironment by 4.2% during the 3rd quarter. Exchange Traded Concepts LLC now owns 4,065 shares of the aerospace company’s stock worth $815,000 after acquiring an additional 162 shares during the last quarter. Finally, NBC Securities Inc. increased its position in AeroVironment by 47.4% in the 3rd quarter. NBC Securities Inc. now owns 432 shares of the aerospace company’s stock valued at $86,000 after acquiring an additional 139 shares during the period. Institutional investors own 86.38% of the company’s stock.

Insiders Place Their Bets

In other news, CFO Kevin Patrick Mcdonnell sold 396 shares of the company’s stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $198.73, for a total transaction of $78,697.08. Following the transaction, the chief financial officer now owns 16,472 shares in the company, valued at approximately $3,273,480.56. This represents a 2.35 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 1.27% of the company’s stock.

Analyst Ratings Changes

AVAV has been the topic of a number of recent research reports. Jefferies Financial Group upgraded shares of AeroVironment from a “hold” rating to a “buy” rating and cut their price target 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. One research analyst has rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, AeroVironment presently has a consensus rating of “Buy” and a consensus target price of $225.20.

AeroVironment Price Performance

AVAV stock opened at $182.15 on Tuesday. The company has a quick ratio of 3.36, a current ratio of 4.61 and a debt-to-equity ratio of 0.02. The company’s fifty day simple moving average is $167.70 and its 200 day simple moving average is $186.64. AeroVironment, Inc. has a 12-month low of $121.38 and a 12-month high of $236.60. The firm has a market cap of $5.14 billion, a price-to-earnings ratio of 104.68 and a beta of 0.52.

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 business had revenue of $188.46 million during the quarter, compared to analyst estimates of $181.80 million. During the same period in the prior year, the firm earned $0.97 earnings per share. The firm’s revenue for the quarter was up 4.2% compared to the same quarter last year. On average, analysts expect 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.