Wealth Quarterback LLC Sells 203 Shares of AeroVironment, Inc. $AVAV

Wealth Quarterback LLC trimmed its holdings in shares of AeroVironment, Inc. (NASDAQ:AVAV) by 7.7% during the second quarter, HoldingsChannel reports. The fund owned 2,429 shares of the aerospace company’s stock after selling 203 shares during the quarter. Wealth Quarterback LLC’s holdings in AeroVironment were worth $692,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in AVAV. Teacher Retirement System of Texas acquired a new position in shares of AeroVironment during the first quarter worth $491,000. M&T Bank Corp raised its position in AeroVironment by 11.2% during the 1st quarter. M&T Bank Corp now owns 5,894 shares of the aerospace company’s stock worth $702,000 after purchasing an additional 595 shares during the last quarter. Alps Advisors Inc. raised its position in AeroVironment by 10.1% during the 1st quarter. Alps Advisors Inc. now owns 6,711 shares of the aerospace company’s stock worth $800,000 after purchasing an additional 616 shares during the last quarter. Xponance Inc. lifted its holdings in AeroVironment by 6.6% during the 1st quarter. Xponance Inc. now owns 2,130 shares of the aerospace company’s stock worth $254,000 after buying an additional 132 shares during the period. Finally, Stephens Inc. AR grew its position in shares of AeroVironment by 94.8% in the 1st quarter. Stephens Inc. AR now owns 4,415 shares of the aerospace company’s stock valued at $526,000 after buying an additional 2,148 shares during the last quarter. 86.38% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at AeroVironment

In other AeroVironment news, CFO Kevin Patrick Mcdonnell sold 998 shares of the firm’s stock in a transaction on Friday, October 10th. The stock was sold at an average price of $399.74, for a total value of $398,940.52. Following the completion of the sale, the chief financial officer directly owned 19,324 shares of the company’s stock, valued at $7,724,575.76. This trade represents a 4.91% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider Trace E. Stevenson sold 1,717 shares of the business’s stock in a transaction on Monday, October 6th. The shares were sold at an average price of $381.00, for a total value of $654,177.00. Following the completion of the sale, the insider owned 4,907 shares in the company, valued at approximately $1,869,567. The trade was a 25.92% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 0.81% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the company. Royal Bank Of Canada raised their price objective on AeroVironment from $300.00 to $330.00 and gave the stock an “outperform” rating in a research report on Thursday, September 25th. Bank of America started coverage on shares of AeroVironment in a research report on Thursday, September 18th. They set a “buy” rating and a $300.00 target price for the company. BTIG Research boosted their price target on shares of AeroVironment from $300.00 to $415.00 and gave the stock a “buy” rating in a research report on Friday, October 3rd. Citizens Jmp began coverage on shares of AeroVironment in a research note on Monday, August 4th. They issued a “strong-buy” rating and a $325.00 price objective on the stock. Finally, Stifel Nicolaus increased their price objective on shares of AeroVironment from $295.00 to $389.00 and gave the stock a “buy” rating in a research report on Thursday, October 2nd. Two research analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and two have issued a Sell rating to the stock. According to MarketBeat, AeroVironment presently has a consensus rating of “Moderate Buy” and an average target price of $356.07.

AeroVironment Trading Down 1.7%

AVAV opened at $328.09 on Wednesday. The company has a current ratio of 5.96, a quick ratio of 5.12 and a debt-to-equity ratio of 0.16. The company has a fifty day moving average price of $329.25 and a two-hundred day moving average price of $257.42. AeroVironment, Inc. has a 1-year low of $102.25 and a 1-year high of $417.86. The company has a market cap of $16.38 billion, a P/E ratio of -512.63, a price-to-earnings-growth ratio of 5.37 and a beta of 1.09.

AeroVironment (NASDAQ:AVAV) last announced its earnings results on Monday, August 28th. The aerospace company reported $0.12 earnings per share (EPS) for the quarter. The company had revenue of $132.62 million for the quarter. AeroVironment had a positive return on equity of 4.67% and a negative net margin of 4.14%. Analysts predict that AeroVironment, Inc. will post 3.38 EPS for the current fiscal year.

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.