Bank of New York Mellon Corp lessened its stake in shares of AeroVironment, Inc. (NASDAQ:AVAV) by 14.7% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 657,323 shares of the aerospace company’s stock after selling 112,854 shares during the quarter. Bank of New York Mellon Corp owned about 2.75% of AeroVironment worth $36,914,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently made changes to their positions in AVAV. LS Investment Advisors LLC lifted its stake in shares of AeroVironment by 179.6% in the 4th quarter. LS Investment Advisors LLC now owns 2,069 shares of the aerospace company’s stock worth $116,000 after purchasing an additional 1,329 shares during the period. Crossmark Global Holdings Inc. bought a new position in shares of AeroVironment in the 4th quarter worth approximately $238,000. Piedmont Investment Advisors LLC bought a new position in shares of AeroVironment in the 3rd quarter worth approximately $250,000. Capital Fund Management S.A. bought a new position in shares of AeroVironment in the 4th quarter worth approximately $303,000. Finally, Invictus RG bought a new position in shares of AeroVironment in the 3rd quarter worth approximately $303,000. 75.51% of the stock is currently owned by hedge funds and other institutional investors.
In other AeroVironment news, Chairman Timothy E. Conver sold 7,600 shares of the firm’s stock in a transaction that occurred on Tuesday, February 27th. The shares were sold at an average price of $50.73, for a total transaction of $385,548.00. Following the sale, the chairman now owns 58,138 shares in the company, valued at approximately $2,949,340.74. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Chairman Timothy E. Conver sold 3,800 shares of the firm’s stock in a transaction that occurred on Wednesday, December 27th. The stock was sold at an average price of $56.90, for a total transaction of $216,220.00. Following the sale, the chairman now owns 58,138 shares in the company, valued at approximately $3,308,052.20. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 49,400 shares of company stock worth $2,622,988. 11.00% of the stock is owned by company insiders.
Shares of AeroVironment, Inc. (NASDAQ:AVAV) opened at $48.35 on Tuesday. AeroVironment, Inc. has a one year low of $26.42 and a one year high of $58.99. The company has a market cap of $1,150.00, a P/E ratio of 33.12, a price-to-earnings-growth ratio of 4.50 and a beta of 1.06.
AeroVironment (NASDAQ:AVAV) last released its earnings results on Tuesday, March 6th. The aerospace company reported $0.09 EPS for the quarter, topping analysts’ consensus estimates of $0.07 by $0.02. AeroVironment had a net margin of 10.50% and a return on equity of 9.15%. The company had revenue of $63.90 million for the quarter, compared to analysts’ expectations of $58.18 million. During the same quarter last year, the business earned ($0.09) EPS. The firm’s revenue was up 20.1% compared to the same quarter last year. equities analysts forecast that AeroVironment, Inc. will post 0.7 earnings per share for the current year.
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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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