California State Teachers Retirement System Trims Position in AeroVironment, Inc. (AVAV)

California State Teachers Retirement System decreased its holdings in AeroVironment, Inc. (NASDAQ:AVAV) by 8.2% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 33,613 shares of the aerospace company’s stock after selling 3,017 shares during the quarter. California State Teachers Retirement System’s holdings in AeroVironment were worth $1,819,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in the stock. PNC Financial Services Group Inc. raised its position in AeroVironment by 1.2% in the 2nd quarter. PNC Financial Services Group Inc. now owns 4,916 shares of the aerospace company’s stock valued at $187,000 after purchasing an additional 56 shares during the last quarter. Suntrust Banks Inc. raised its position in AeroVironment by 3.8% in the 2nd quarter. Suntrust Banks Inc. now owns 9,224 shares of the aerospace company’s stock valued at $352,000 after purchasing an additional 340 shares during the last quarter. Principal Financial Group Inc. raised its position in AeroVironment by 0.4% in the 2nd quarter. Principal Financial Group Inc. now owns 156,993 shares of the aerospace company’s stock valued at $5,997,000 after purchasing an additional 559 shares during the last quarter. Ameriprise Financial Inc. raised its position in AeroVironment by 0.5% in the 2nd quarter. Ameriprise Financial Inc. now owns 108,125 shares of the aerospace company’s stock valued at $4,131,000 after purchasing an additional 560 shares during the last quarter. Finally, TIAA CREF Investment Management LLC raised its position in AeroVironment by 1.1% in the 2nd quarter. TIAA CREF Investment Management LLC now owns 55,068 shares of the aerospace company’s stock valued at $2,104,000 after purchasing an additional 624 shares during the last quarter. Hedge funds and other institutional investors own 74.04% of the company’s stock.

AeroVironment, Inc. (NASDAQ:AVAV) opened at $52.71 on Friday. The stock has a market cap of $1,260.00, a price-to-earnings ratio of 41.50, a price-to-earnings-growth ratio of 4.97 and a beta of 1.16. AeroVironment, Inc. has a 12 month low of $24.70 and a 12 month 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 (EPS) for the quarter, beating the consensus estimate of ($0.01) by $0.30. The company had revenue of $73.83 million for the quarter, compared to analysts’ expectations of $63.53 million. AeroVironment had a net margin of 10.42% and a return on equity of 8.23%. AeroVironment’s revenue was up 47.3% compared to the same quarter last year. During the same period in the previous year, the company posted ($0.18) EPS. research analysts anticipate that AeroVironment, Inc. will post 0.7 EPS for the current year.

Several analysts recently commented on the stock. Canaccord Genuity upped their price target on shares of AeroVironment from $40.00 to $48.00 and gave the company a “hold” rating in a research report on Wednesday, October 4th. Robert W. Baird reiterated a “hold” rating and issued a $35.00 price target on shares of AeroVironment in a research report on Tuesday, October 24th. BidaskClub downgraded shares of AeroVironment from a “sell” rating to a “strong sell” rating in a research report on Wednesday, December 27th. ValuEngine downgraded shares of AeroVironment from a “buy” rating to a “hold” rating in a research report on Wednesday, November 15th. Finally, TheStreet upgraded shares of AeroVironment from a “c+” rating to a “b” rating in a research report on Friday, December 8th. One research analyst has rated the stock with a sell rating and six have given a hold rating to the company. The stock presently has an average rating of “Hold” and an average target price of $44.40.

In other AeroVironment news, Chairman Timothy E. Conver sold 7,600 shares of the business’s stock in a transaction on Wednesday, November 22nd. The shares were sold at an average price of $44.85, for a total value of $340,860.00. Following the transaction, the chairman now directly owns 58,138 shares of the company’s stock, valued at approximately $2,607,489.30. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Chairman Timothy E. Conver sold 3,800 shares of the business’s stock in a transaction on Wednesday, November 8th. The shares were sold at an average price of $44.14, for a total transaction of $167,732.00. Following the completion of the transaction, the chairman now directly owns 58,138 shares in the company, valued at $2,566,211.32. The disclosure for this sale can be found here. Insiders sold a total of 38,000 shares of company stock worth $1,982,916 over the last three months. 11.00% of the stock is currently owned by corporate insiders.

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About AeroVironment

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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Institutional Ownership by Quarter for AeroVironment (NASDAQ:AVAV)

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