Fisher Asset Management LLC trimmed its stake in shares of AeroVironment, Inc. (NASDAQ:AVAV) by 1.9% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 202,156 shares of the aerospace company’s stock after selling 3,832 shares during the quarter. Fisher Asset Management LLC’s holdings in AeroVironment were worth $23,462,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors also recently made changes to their positions in AVAV. Perigon Wealth Management LLC acquired a new stake in shares of AeroVironment during the 4th quarter worth approximately $26,000. Vantage Consulting Group Inc acquired a new stake in shares of AeroVironment during the 4th quarter worth approximately $31,000. Veriti Management LLC acquired a new stake in shares of AeroVironment during the 4th quarter worth approximately $56,000. Truvestments Capital LLC acquired a new stake in shares of AeroVironment during the 4th quarter worth approximately $57,000. Finally, Advisory Services Network LLC raised its position in shares of AeroVironment by 226.4% during the 4th quarter. Advisory Services Network LLC now owns 816 shares of the aerospace company’s stock worth $71,000 after purchasing an additional 566 shares during the period. Institutional investors and hedge funds own 76.22% of the company’s stock.
In other news, Chairman Timothy E. Conver sold 12,500 shares of the firm’s stock in a transaction on Wednesday, April 28th. The stock was sold at an average price of $111.88, for a total value of $1,398,500.00. Following the completion of the sale, the chairman now directly owns 45,115 shares in the company, valued at $5,047,466.20. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Chairman Timothy E. Conver sold 150,000 shares of the firm’s stock in a transaction dated Friday, March 12th. The shares were sold at an average price of $113.16, for a total value of $16,974,000.00. Following the completion of the transaction, the chairman now owns 45,115 shares in the company, valued at approximately $5,105,213.40. The disclosure for this sale can be found here. Insiders have sold 221,625 shares of company stock valued at $25,312,983 in the last ninety days. Company insiders own 9.70% of the company’s stock.
NASDAQ:AVAV opened at $109.75 on Tuesday. The stock’s 50 day moving average price is $114.33 and its 200 day moving average price is $102.72. AeroVironment, Inc. has a 52 week low of $57.61 and a 52 week high of $143.71. The company has a market capitalization of $2.71 billion, a P/E ratio of 92.23 and a beta of 0.58.
AeroVironment (NASDAQ:AVAV) last released its quarterly earnings data on Tuesday, March 9th. The aerospace company reported $0.14 EPS for the quarter, topping analysts’ consensus estimates of $0.01 by $0.13. AeroVironment had a return on equity of 7.85% and a net margin of 7.59%. The firm had revenue of $78.78 million for the quarter, compared to the consensus estimate of $75.83 million. During the same quarter in the prior year, the company posted ($0.01) earnings per share. The firm’s revenue was up 27.3% on a year-over-year basis. On average, equities analysts predict that AeroVironment, Inc. will post 1.87 earnings per share for the current year.
Several analysts recently commented on AVAV shares. Alembic Global Advisors upgraded AeroVironment from a “neutral” rating to an “overweight” rating and set a $120.00 target price on the stock in a research report on Thursday, January 14th. Canaccord Genuity restated a “buy” rating and issued a $100.00 target price on shares of AeroVironment in a research report on Thursday, January 14th. Stifel Nicolaus lowered AeroVironment from a “buy” rating to a “hold” rating and increased their price target for the company from $103.00 to $120.00 in a research note on Friday, January 15th. Robert W. Baird reaffirmed a “buy” rating on shares of AeroVironment in a research note on Sunday, March 7th. Finally, TheStreet lowered AeroVironment from a “b-” rating to a “c” rating in a research note on Tuesday, March 9th. Two research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of $117.50.
AeroVironment, Inc designs, develops, produces, supports, and operates a portfolio of products and services for government agencies and businesses. The company supplies unmanned aircraft systems (UAS) and related services primarily to organizations within the U.S. Department of Defense and to international allied governments; and tactical missile systems and related services to organizations within the U.S.
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