2,208 Shares in AeroVironment, Inc. (NASDAQ:AVAV) Acquired by Cypress Capital Group

Cypress Capital Group purchased a new position in shares of AeroVironment, Inc. (NASDAQ:AVAV) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 2,208 shares of the aerospace company’s stock, valued at approximately $340,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of AVAV. Modus Advisors LLC acquired a new position in AeroVironment during the fourth quarter worth approximately $31,000. Golden State Wealth Management LLC acquired a new stake in shares of AeroVironment in the fourth quarter worth $31,000. Wilmington Savings Fund Society FSB increased its position in shares of AeroVironment by 1,515.4% in the fourth quarter. Wilmington Savings Fund Society FSB now owns 210 shares of the aerospace company’s stock worth $32,000 after acquiring an additional 197 shares in the last quarter. Bogart Wealth LLC acquired a new stake in shares of AeroVironment in the fourth quarter worth $38,000. Finally, Blue Trust Inc. increased its position in shares of AeroVironment by 2,950.0% in the fourth quarter. Blue Trust Inc. now owns 305 shares of the aerospace company’s stock worth $47,000 after acquiring an additional 295 shares in the last quarter. Institutional investors and hedge funds own 86.38% of the company’s stock.

AeroVironment Price Performance

AVAV opened at $135.69 on Thursday. The company has a fifty day simple moving average of $164.89 and a 200 day simple moving average of $184.37. The firm has a market cap of $3.83 billion, a price-to-earnings ratio of 77.98 and a beta of 0.42. AeroVironment, Inc. has a twelve month low of $110.07 and a twelve month high of $236.60. The company has a current ratio of 4.61, a quick ratio of 3.36 and a debt-to-equity ratio of 0.02.

AeroVironment (NASDAQ:AVAV) last posted its quarterly earnings data on Wednesday, December 4th. The aerospace company reported $0.47 EPS for the quarter, missing analysts’ consensus estimates of $0.76 by ($0.29). AeroVironment had a net margin of 6.39% and a return on equity of 8.12%. The company had revenue of $188.46 million for the quarter, compared to the consensus estimate of $181.80 million. During the same quarter last year, the company earned $0.97 earnings per share. The company’s revenue was up 4.2% compared to the same quarter last year. Equities research analysts expect that AeroVironment, Inc. will post 3.38 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on AVAV. Jefferies Financial Group dropped their price objective on shares of AeroVironment from $230.00 to $190.00 and set a “buy” rating for the company in a research report on Wednesday. Robert W. Baird dropped their price objective on shares of AeroVironment from $220.00 to $146.00 and set an “outperform” rating for the company in a research report on Wednesday. Finally, William Blair reissued an “outperform” rating on shares of AeroVironment in a research report on Wednesday. One research analyst has rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Buy” and a consensus target price of $202.40.

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.