AeroVironment, Inc. (NASDAQ:AVAV) Shares Sold by Larson Financial Group LLC

Larson Financial Group LLC reduced its position in AeroVironment, Inc. (NASDAQ:AVAV) by 8.2% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,300 shares of the aerospace company’s stock after selling 116 shares during the quarter. Larson Financial Group LLC’s holdings in AeroVironment were worth $164,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of AVAV. Lord Abbett & CO. LLC boosted its holdings in shares of AeroVironment by 106.9% in the third quarter. Lord Abbett & CO. LLC now owns 556,853 shares of the aerospace company’s stock valued at $62,106,000 after acquiring an additional 287,730 shares during the period. Vanguard Group Inc. lifted its holdings in shares of AeroVironment by 7.9% during the third quarter. Vanguard Group Inc. now owns 2,860,954 shares of the aerospace company’s stock worth $319,082,000 after purchasing an additional 209,359 shares during the period. International Assets Investment Management LLC acquired a new stake in shares of AeroVironment during the fourth quarter worth $20,287,000. Congress Asset Management Co. MA lifted its holdings in shares of AeroVironment by 17.2% during the third quarter. Congress Asset Management Co. MA now owns 304,460 shares of the aerospace company’s stock worth $33,956,000 after purchasing an additional 44,748 shares during the period. Finally, Quadrature Capital Ltd lifted its holdings in shares of AeroVironment by 273.6% during the third quarter. Quadrature Capital Ltd now owns 55,184 shares of the aerospace company’s stock worth $6,151,000 after purchasing an additional 40,415 shares during the period. 86.38% of the stock is owned by institutional investors and hedge funds.

AeroVironment Trading Down 0.2 %

AVAV opened at $157.99 on Thursday. The company has a quick ratio of 3.16, a current ratio of 4.66 and a debt-to-equity ratio of 0.04. AeroVironment, Inc. has a 52 week low of $88.24 and a 52 week high of $184.61. The business’s fifty day simple moving average is $146.02 and its 200 day simple moving average is $131.43.

AeroVironment (NASDAQ:AVAV) last posted its quarterly earnings data on Monday, March 4th. The aerospace company reported $0.63 EPS for the quarter, beating analysts’ consensus estimates of $0.33 by $0.30. The business had revenue of $186.60 million for the quarter, compared to analyst estimates of $170.62 million. AeroVironment had a positive return on equity of 13.93% and a negative net margin of 15.14%. The business’s revenue for the quarter was up 38.8% compared to the same quarter last year. During the same quarter last year, the company earned $0.33 earnings per share. As a group, equities analysts predict that AeroVironment, Inc. will post 2.8 EPS for the current year.

Insider Activity at AeroVironment

In related news, VP Trace E. Stevenson sold 1,913 shares of the stock in a transaction on Thursday, March 7th. The stock was sold at an average price of $183.00, for a total transaction of $350,079.00. Following the sale, the vice president now owns 2,570 shares of the company’s stock, valued at $470,310. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other AeroVironment news, VP Trace E. Stevenson sold 1,913 shares of the firm’s stock in a transaction dated Thursday, March 7th. The stock was sold at an average price of $183.00, for a total value of $350,079.00. Following the sale, the vice president now directly owns 2,570 shares of the company’s stock, valued at approximately $470,310. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, SVP Melissa Ann Brown sold 1,000 shares of the firm’s stock in a transaction dated Thursday, March 7th. The stock was sold at an average price of $176.77, for a total value of $176,770.00. Following the completion of the sale, the senior vice president now directly owns 12,339 shares in the company, valued at $2,181,165.03. The disclosure for this sale can be found here. Corporate insiders own 1.40% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently weighed in on AVAV shares. William Blair reaffirmed an “outperform” rating on shares of AeroVironment in a report on Tuesday, March 5th. Robert W. Baird reaffirmed a “neutral” rating and set a $161.00 price target on shares of AeroVironment in a report on Friday, March 8th. Finally, Royal Bank of Canada increased their price objective on AeroVironment from $160.00 to $165.00 and gave the stock an “outperform” rating in a research report on Friday, April 5th. Three analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat, AeroVironment currently has a consensus rating of “Moderate Buy” and an average price target of $140.20.

AeroVironment 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.