KBC Group NV trimmed its position in AeroVironment, Inc. (NASDAQ:AVAV) by 3.1% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 51,531 shares of the aerospace company’s stock after selling 1,643 shares during the period. KBC Group NV’s holdings in AeroVironment were worth $2,894,000 at the end of the most recent reporting period.
A number of other large investors have also recently added to or reduced their stakes in the business. Teacher Retirement System of Texas purchased a new position in AeroVironment in the 4th quarter valued at about $413,000. Crossmark Global Holdings Inc. purchased a new position in AeroVironment in the 4th quarter valued at about $238,000. SeaCrest Wealth Management LLC purchased a new position in AeroVironment in the 4th quarter valued at about $315,000. US Bancorp DE lifted its holdings in AeroVironment by 33.2% in the 4th quarter. US Bancorp DE now owns 25,381 shares of the aerospace company’s stock valued at $1,425,000 after purchasing an additional 6,325 shares in the last quarter. Finally, Comerica Bank lifted its holdings in AeroVironment by 71.4% in the 4th quarter. Comerica Bank now owns 38,256 shares of the aerospace company’s stock valued at $2,040,000 after purchasing an additional 15,934 shares in the last quarter. Institutional investors own 73.74% of the company’s stock.
In other news, Chairman Timothy E. Conver sold 3,800 shares of the stock in a transaction dated Wednesday, December 27th. The shares were sold at an average price of $56.90, for a total transaction of $216,220.00. Following the transaction, the chairman now directly owns 58,138 shares in the company, valued at approximately $3,308,052.20. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Chairman Timothy E. Conver sold 7,600 shares of the stock in a transaction dated Friday, December 15th. The stock was sold at an average price of $55.27, for a total transaction of $420,052.00. Following the transaction, the chairman now owns 58,138 shares in the company, valued at $3,213,287.26. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 49,400 shares of company stock worth $2,578,300. Insiders own 11.00% of the company’s stock.
AeroVironment, Inc. (AVAV) opened at $51.74 on Tuesday. The firm has a market cap of $1,235.04, a PE ratio of 39.50, a PEG ratio of 4.91 and a beta of 1.06. AeroVironment, Inc. has a 1-year low of $25.66 and a 1-year high of $58.99.
AeroVironment (NASDAQ:AVAV) last announced its quarterly earnings data on Tuesday, December 5th. The aerospace company reported $0.29 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.01) by $0.30. The business had revenue of $73.83 million for the quarter, compared to analyst estimates of $63.53 million. AeroVironment had a net margin of 10.42% and a return on equity of 8.23%. The company’s revenue was up 47.3% on a year-over-year basis. During the same period in the prior year, the firm posted ($0.18) EPS. analysts expect that AeroVironment, Inc. will post 0.7 EPS for the current year.
AVAV has been the topic of a number of recent research reports. Zacks Investment Research lowered shares of AeroVironment from a “hold” rating to a “sell” rating in a report on Tuesday, February 6th. Canaccord Genuity restated a “hold” rating and issued a $50.00 target price on shares of AeroVironment in a report on Thursday, December 14th. TheStreet upgraded shares of AeroVironment from a “c+” rating to a “b” rating in a report on Friday, December 8th. ValuEngine lowered shares of AeroVironment from a “buy” rating to a “hold” rating in a report on Wednesday, November 15th. Finally, Robert W. Baird reiterated a “hold” rating and set a $35.00 price objective on shares of AeroVironment in a report on Tuesday, October 24th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and one has issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $42.40.
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AeroVironment Company Profile
AeroVironment, Inc designs, develops, produces, supports and operates a portfolio of products and services for government agencies, businesses and consumers. The Company operates through two segments: Unmanned Aircraft Systems (UAS), which focuses primarily on the design, development, production, support and operation of UAS and tactical missile systems that provide situational awareness, multi-band communications, force protection and other mission effects, and Efficient Energy Systems (EES), which focuses primarily on the design, development, production, marketing, support and operation of electric energy systems.
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