New York State Teachers Retirement System Sells 149 Shares of AeroVironment, Inc. (NASDAQ:AVAV)

New York State Teachers Retirement System cut its stake in shares of AeroVironment, Inc. (NASDAQ:AVAV) by 0.8% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 17,518 shares of the aerospace company’s stock after selling 149 shares during the quarter. New York State Teachers Retirement System owned 0.06% of AeroVironment worth $3,512,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Security National Bank bought a new stake in AeroVironment during the 3rd quarter worth approximately $31,000. Canada Pension Plan Investment Board bought a new stake in AeroVironment during the 2nd quarter worth approximately $36,000. NBC Securities Inc. grew its holdings in AeroVironment by 47.4% during the 3rd quarter. NBC Securities Inc. now owns 432 shares of the aerospace company’s stock worth $86,000 after acquiring an additional 139 shares during the last quarter. DT Investment Partners LLC bought a new stake in AeroVironment during the 2nd quarter worth approximately $95,000. Finally, GAMMA Investing LLC grew its holdings in AeroVironment by 32.2% during the 3rd quarter. GAMMA Investing LLC now owns 603 shares of the aerospace company’s stock worth $121,000 after acquiring an additional 147 shares during the last quarter. 86.38% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the stock. Baird R W upgraded shares of AeroVironment from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, August 28th. BTIG Research reiterated a “buy” rating and set a $245.00 target price on shares of AeroVironment in a research report on Tuesday, September 17th. Robert W. Baird upgraded shares of AeroVironment from a “neutral” rating to an “outperform” rating and upped their price objective for the stock from $161.00 to $220.00 in a report on Wednesday, August 28th. Raymond James lowered shares of AeroVironment from an “outperform” rating to a “market perform” rating in a research note on Monday, September 16th. Finally, Alembic Global Advisors upgraded shares of AeroVironment from a “neutral” rating to an “overweight” rating and set a $216.00 target price for the company in a research note on Wednesday, August 28th. One investment analyst has rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, AeroVironment currently has a consensus rating of “Buy” and an average price target of $208.20.

AeroVironment Price Performance

NASDAQ AVAV opened at $216.32 on Thursday. The company has a market cap of $6.10 billion, a PE ratio of 103.13 and a beta of 0.49. AeroVironment, Inc. has a 52 week low of $116.51 and a 52 week high of $232.00. The company has a quick ratio of 3.04, a current ratio of 4.26 and a debt-to-equity ratio of 0.01. The firm’s 50-day simple moving average is $202.38 and its two-hundred day simple moving average is $190.03.

AeroVironment (NASDAQ:AVAV) last announced its quarterly earnings results on Wednesday, September 4th. The aerospace company reported $0.89 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.61 by $0.28. AeroVironment had a net margin of 7.82% and a return on equity of 9.87%. The firm had revenue of $189.48 million for the quarter, compared to the consensus estimate of $183.18 million. During the same period in the prior year, the firm posted $1.00 earnings per share. The company’s revenue for the quarter was up 24.4% on a year-over-year basis. Research analysts predict that AeroVironment, Inc. will post 3.36 earnings per share for the current year.

Insider Transactions at AeroVironment

In other news, CFO Kevin Patrick Mcdonnell sold 878 shares of the stock in a transaction dated Tuesday, October 1st. The shares were sold at an average price of $210.54, for a total value of $184,854.12. Following the sale, the chief financial officer now directly owns 17,376 shares of the company’s stock, valued at approximately $3,658,343.04. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Over the last ninety days, insiders have sold 1,782 shares of company stock valued at $372,615. 1.27% of the stock is currently owned by corporate insiders.

About AeroVironment

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.