Crossmark Global Holdings Inc. Sells 2,437 Shares of AeroVironment, Inc. (NASDAQ:AVAV)

Crossmark Global Holdings Inc. decreased its position in AeroVironment, Inc. (NASDAQ:AVAV) by 56.4% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,881 shares of the aerospace company’s stock after selling 2,437 shares during the quarter. Crossmark Global Holdings Inc.’s holdings in AeroVironment were worth $377,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also modified their holdings of the company. Security National Bank purchased a new position in shares of AeroVironment in the third quarter valued at $31,000. Canada Pension Plan Investment Board bought a new position in AeroVironment during the second quarter valued at $36,000. Arcadia Investment Management Corp MI grew its stake in shares of AeroVironment by 23.1% in the 3rd quarter. Arcadia Investment Management Corp MI now owns 400 shares of the aerospace company’s stock worth $80,000 after buying an additional 75 shares in the last quarter. NBC Securities Inc. increased its holdings in shares of AeroVironment by 47.4% in the 3rd quarter. NBC Securities Inc. now owns 432 shares of the aerospace company’s stock worth $86,000 after buying an additional 139 shares during the last quarter. Finally, DT Investment Partners LLC purchased a new stake in shares of AeroVironment during the 2nd quarter valued at about $95,000. 86.38% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on AVAV shares. Royal Bank of Canada dropped their price target on AeroVironment from $230.00 to $215.00 and set an “outperform” rating for the company in a research report on Thursday, September 5th. BTIG Research reiterated a “buy” rating and issued a $245.00 target price on shares of AeroVironment in a report on Tuesday, September 17th. Alembic Global Advisors upgraded AeroVironment from a “neutral” rating to an “overweight” rating and set a $216.00 price target on the stock in a report on Wednesday, August 28th. Robert W. Baird upgraded AeroVironment from a “neutral” rating to an “outperform” rating and raised their price target for the stock from $161.00 to $220.00 in a research report on Wednesday, August 28th. Finally, Raymond James cut shares of AeroVironment from an “outperform” rating to a “market perform” rating in a research report on Monday, September 16th. Two analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $213.50.

AeroVironment Trading Down 2.1 %

Shares of NASDAQ AVAV opened at $200.06 on Monday. The business’s 50 day moving average price is $206.15 and its 200-day moving average price is $193.42. The company has a market cap of $5.64 billion, a price-to-earnings ratio of 93.92 and a beta of 0.49. The company has a debt-to-equity ratio of 0.01, a quick ratio of 3.04 and a current ratio of 4.26. AeroVironment, Inc. has a fifty-two week low of $116.51 and a fifty-two week high of $236.60.

AeroVironment (NASDAQ:AVAV) last issued its earnings results on Wednesday, September 4th. The aerospace company reported $0.89 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.61 by $0.28. The firm had revenue of $189.48 million during the quarter, compared to analyst estimates of $183.18 million. AeroVironment had a net margin of 7.82% and a return on equity of 9.87%. The business’s revenue was up 24.4% on a year-over-year basis. During the same period in the previous year, the firm earned $1.00 earnings per share. On average, sell-side analysts expect that AeroVironment, Inc. will post 3.36 earnings per share for the current year.

Insider Buying and Selling at AeroVironment

In other AeroVironment news, CFO Kevin Patrick Mcdonnell sold 878 shares of the firm’s stock in a transaction on Tuesday, October 1st. The stock was sold at an average price of $210.54, for a total transaction of $184,854.12. Following the transaction, the chief financial officer now directly owns 17,376 shares in the company, valued at $3,658,343.04. This trade represents a 4.81 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders sold a total of 1,782 shares of company stock valued at $372,615 in the last three months. Company insiders own 1.27% of the company’s stock.

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.