CW Advisors LLC Reduces Position in AeroVironment, Inc. $AVAV

CW Advisors LLC decreased its position in AeroVironment, Inc. (NASDAQ:AVAV) by 5.7% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 43,450 shares of the aerospace company’s stock after selling 2,611 shares during the period. CW Advisors LLC owned approximately 0.09% of AeroVironment worth $12,381,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its holdings in shares of AeroVironment by 14.3% in the second quarter. Vanguard Group Inc. now owns 3,478,114 shares of the aerospace company’s stock valued at $991,089,000 after purchasing an additional 433,830 shares during the period. Alyeska Investment Group L.P. increased its holdings in AeroVironment by 48.2% in the 1st quarter. Alyeska Investment Group L.P. now owns 902,814 shares of the aerospace company’s stock worth $107,606,000 after buying an additional 293,553 shares during the period. Geode Capital Management LLC raised its position in AeroVironment by 1.0% during the 2nd quarter. Geode Capital Management LLC now owns 678,431 shares of the aerospace company’s stock worth $193,342,000 after buying an additional 6,475 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in AeroVironment by 7.8% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 456,486 shares of the aerospace company’s stock valued at $54,409,000 after acquiring an additional 33,169 shares during the period. Finally, Ameriprise Financial Inc. boosted its holdings in shares of AeroVironment by 281.6% in the 1st quarter. Ameriprise Financial Inc. now owns 430,307 shares of the aerospace company’s stock valued at $51,288,000 after acquiring an additional 317,530 shares during the last quarter. Institutional investors and hedge funds own 86.38% of the company’s stock.

Insider Buying and Selling at AeroVironment

In related news, insider Trace E. Stevenson sold 1,717 shares of the company’s stock in a transaction dated Monday, October 6th. The shares were sold at an average price of $381.00, for a total transaction of $654,177.00. Following the completion of the transaction, the insider owned 4,907 shares in the company, valued at $1,869,567. This represents a 25.92% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Kevin Patrick Mcdonnell sold 998 shares of the firm’s stock in a transaction dated Friday, October 10th. The shares were sold at an average price of $399.74, for a total transaction of $398,940.52. Following the completion of the transaction, the chief financial officer directly owned 19,324 shares in the company, valued at $7,724,575.76. This represents a 4.91% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 3,228 shares of company stock worth $1,223,157. Insiders own 0.81% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently issued reports on AVAV shares. Jefferies Financial Group boosted their target price on shares of AeroVironment from $320.00 to $365.00 and gave the company a “buy” rating in a research report on Wednesday, October 1st. Royal Bank Of Canada boosted their price objective on AeroVironment from $300.00 to $330.00 and gave the company an “outperform” rating in a report on Thursday, September 25th. The Goldman Sachs Group raised their target price on AeroVironment from $300.00 to $333.00 and gave the stock a “buy” rating in a report on Thursday, October 2nd. Needham & Company LLC reissued a “buy” rating and issued a $300.00 price target on shares of AeroVironment in a report on Wednesday, September 10th. Finally, Raymond James Financial upped their price objective on AeroVironment from $300.00 to $348.00 and gave the stock a “strong-buy” rating in a research report on Monday, September 29th. Three equities research analysts have rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat.com, AeroVironment currently has an average rating of “Moderate Buy” and an average target price of $358.19.

AeroVironment Stock Performance

Shares of AVAV stock opened at $271.78 on Thursday. The company has a current ratio of 5.96, a quick ratio of 5.12 and a debt-to-equity ratio of 0.16. AeroVironment, Inc. has a 12-month low of $102.25 and a 12-month high of $417.86. The business’s 50 day moving average is $336.47 and its two-hundred day moving average is $270.17. The company has a market capitalization of $13.57 billion, a P/E ratio of -424.65, a P/E/G ratio of 3.65 and a beta of 1.13.

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

About AeroVironment

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.