Arcadia Investment Management Corp MI Buys 257 Shares of AeroVironment, Inc. (NASDAQ:AVAV)

Arcadia Investment Management Corp MI increased its stake in AeroVironment, Inc. (NASDAQ:AVAV) by 64.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 657 shares of the aerospace company’s stock after purchasing an additional 257 shares during the period. Arcadia Investment Management Corp MI’s holdings in AeroVironment were worth $101,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the stock. Baillie Gifford & Co. increased its position in shares of AeroVironment by 9.4% in the fourth quarter. Baillie Gifford & Co. now owns 2,135,280 shares of the aerospace company’s stock worth $328,598,000 after purchasing an additional 183,887 shares during the last quarter. State Street Corp increased its position in shares of AeroVironment by 0.5% in the third quarter. State Street Corp now owns 1,582,871 shares of the aerospace company’s stock worth $317,366,000 after purchasing an additional 7,471 shares during the last quarter. Geode Capital Management LLC increased its position in shares of AeroVironment by 0.8% in the third quarter. Geode Capital Management LLC now owns 634,189 shares of the aerospace company’s stock worth $127,180,000 after purchasing an additional 4,948 shares during the last quarter. Heard Capital LLC increased its position in shares of AeroVironment by 25.5% in the third quarter. Heard Capital LLC now owns 592,136 shares of the aerospace company’s stock worth $118,723,000 after purchasing an additional 120,447 shares during the last quarter. Finally, Stephens Investment Management Group LLC increased its position in shares of AeroVironment by 40.0% in the fourth quarter. Stephens Investment Management Group LLC now owns 541,541 shares of the aerospace company’s stock worth $83,338,000 after purchasing an additional 154,703 shares during the last quarter. 86.38% of the stock is currently owned by institutional investors.

Insider Activity

In other 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 transaction of $78,697.08. Following the completion of the transaction, 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 1.27% of the company’s stock.

AeroVironment Stock Performance

Shares of AVAV stock opened at $158.13 on Friday. The stock has a fifty day moving average of $166.76 and a 200 day moving average of $185.80. 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 firm has a market capitalization of $4.46 billion, a price-to-earnings ratio of 90.88 and a beta of 0.52. AeroVironment, Inc. has a 52 week low of $121.38 and a 52 week high of $236.60.

AeroVironment (NASDAQ:AVAV) last posted 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 return on equity of 8.12% and a net margin of 6.39%. The firm had revenue of $188.46 million during the quarter, compared to the consensus estimate of $181.80 million. During the same quarter last year, the company posted $0.97 EPS. AeroVironment’s revenue for the quarter was up 4.2% compared to the same quarter last year. As a group, research analysts expect that AeroVironment, Inc. will post 3.38 earnings per share for the current year.

Analyst Ratings Changes

Several analysts have issued reports on AVAV shares. Jefferies Financial Group raised AeroVironment from a “hold” rating to a “buy” rating and cut their target price for the stock from $240.00 to $230.00 in a research note on Wednesday, November 20th. William Blair reaffirmed an “outperform” rating on shares of AeroVironment in a research note on Thursday, December 5th. One research 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 stock. Based on data from MarketBeat, the stock has an average rating of “Buy” and a consensus price target 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.