AeroVironment, Inc. (NASDAQ:AVAV) Shares Sold by Kennedy Investment Group

Kennedy Investment Group lowered its stake in shares of AeroVironment, Inc. (NASDAQ:AVAV) by 8.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,315 shares of the aerospace company’s stock after selling 125 shares during the quarter. Kennedy Investment Group’s holdings in AeroVironment were worth $202,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Baillie Gifford & Co. raised its holdings in AeroVironment by 29.1% during the third quarter. Baillie Gifford & Co. now owns 1,951,393 shares of the aerospace company’s stock worth $391,254,000 after purchasing an additional 439,717 shares in the last quarter. State Street Corp increased its holdings in shares of AeroVironment by 0.5% in the 3rd quarter. State Street Corp now owns 1,582,871 shares of the aerospace company’s stock valued at $317,366,000 after acquiring an additional 7,471 shares during the period. Geode Capital Management LLC increased its holdings in shares of AeroVironment by 0.8% in the 3rd quarter. Geode Capital Management LLC now owns 634,189 shares of the aerospace company’s stock valued at $127,180,000 after acquiring an additional 4,948 shares during the period. Heard Capital LLC increased its holdings in shares of AeroVironment by 25.5% in the 3rd quarter. Heard Capital LLC now owns 592,136 shares of the aerospace company’s stock valued at $118,723,000 after acquiring an additional 120,447 shares during the period. Finally, Wellington Management Group LLP increased its holdings in shares of AeroVironment by 155.1% in the 3rd quarter. Wellington Management Group LLP now owns 321,479 shares of the aerospace company’s stock valued at $64,457,000 after acquiring an additional 195,443 shares during the period. Institutional investors and hedge funds own 86.38% of the company’s stock.

Insider Activity at AeroVironment

In related news, CFO Kevin Patrick Mcdonnell sold 396 shares of the business’s stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $198.73, for a total value of $78,697.08. Following the completion of the transaction, the chief financial officer now owns 16,472 shares of the company’s stock, valued at approximately $3,273,480.56. The trade was a 2.35 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 1.27% of the stock is currently owned by corporate insiders.

AeroVironment Price Performance

AeroVironment stock opened at $175.04 on Wednesday. AeroVironment, Inc. has a 52 week low of $119.46 and a 52 week high of $236.60. The company has a quick ratio of 3.36, a current ratio of 4.61 and a debt-to-equity ratio of 0.02. The firm’s 50-day simple moving average is $170.72 and its 200 day simple moving average is $186.02. The firm has a market capitalization of $4.94 billion, a PE ratio of 100.60 and a beta of 0.50.

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

Wall Street Analyst Weigh In

AVAV has been the topic of a number of recent research reports. William Blair reaffirmed an “outperform” rating on shares of AeroVironment in a report on Thursday, December 5th. Jefferies Financial Group raised shares of AeroVironment from a “hold” rating to a “buy” rating and dropped their price objective for the company from $240.00 to $230.00 in a research note on Wednesday, November 20th. One equities research analyst has rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Buy” and an average price target of $225.20.

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.