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

Nwam LLC reduced its position in shares of AeroVironment, Inc. (NASDAQ:AVAV) by 77.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 4,106 shares of the aerospace company’s stock after selling 14,343 shares during the period. Nwam LLC’s holdings in AeroVironment were worth $632,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Modus Advisors LLC acquired a new position in AeroVironment during the fourth quarter worth about $31,000. Golden State Wealth Management LLC acquired a new position in AeroVironment during the fourth quarter worth about $31,000. Wilmington Savings Fund Society FSB grew its holdings in 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 acquiring an additional 197 shares during the period. Bogart Wealth LLC purchased a new position in AeroVironment in the 4th quarter worth about $38,000. Finally, Blue Trust Inc. increased its stake in AeroVironment by 2,950.0% in the 4th quarter. Blue Trust Inc. now owns 305 shares of the aerospace company’s stock worth $47,000 after purchasing an additional 295 shares in the last quarter. 86.38% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the company. William Blair reissued an “outperform” rating on shares of AeroVironment in a research note on Thursday, December 5th. Jefferies Financial Group raised AeroVironment from a “hold” rating to a “buy” rating and dropped their price target for the stock from $240.00 to $230.00 in a research note on Wednesday, November 20th. One investment analyst has rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Buy” and an average target price of $225.20.

AeroVironment Trading Down 1.5 %

Shares of NASDAQ AVAV opened at $149.62 on Friday. AeroVironment, Inc. has a one year low of $127.73 and a one year high of $236.60. The firm has a market capitalization of $4.22 billion, a PE ratio of 85.99 and a beta of 0.52. 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 business has a 50-day moving average price of $165.63 and a two-hundred day moving average price of $184.99.

AeroVironment (NASDAQ:AVAV) last announced its quarterly earnings data on Wednesday, December 4th. The aerospace company reported $0.47 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 business had revenue of $188.46 million for the quarter, compared to analyst estimates of $181.80 million. During the same quarter in the previous year, the business posted $0.97 earnings per share. The company’s revenue was up 4.2% compared to the same quarter last year. As a group, analysts predict that AeroVironment, Inc. will post 3.38 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, CFO Kevin Patrick Mcdonnell sold 396 shares of AeroVironment stock in a transaction dated 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 sale, the chief financial officer now directly owns 16,472 shares in the company, valued at $3,273,480.56. The trade was a 2.35 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 1.27% of the company’s stock.

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.