Fourpath Capital Management LLC Sells 130 Shares of AeroVironment, Inc. (NASDAQ:AVAV)

Fourpath Capital Management LLC reduced its stake in AeroVironment, Inc. (NASDAQ:AVAV) by 1.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,729 shares of the aerospace company’s stock after selling 130 shares during the period. Fourpath Capital Management LLC’s holdings in AeroVironment were worth $1,036,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in the stock. Radnor Capital Management LLC boosted its stake in AeroVironment by 1.0% in the 3rd quarter. Radnor Capital Management LLC now owns 5,965 shares of the aerospace company’s stock worth $1,196,000 after purchasing an additional 60 shares during the period. Arcadia Investment Management Corp MI lifted its holdings in shares of AeroVironment by 23.1% in the third quarter. Arcadia Investment Management Corp MI now owns 400 shares of the aerospace company’s stock worth $80,000 after buying an additional 75 shares in the last quarter. First Trust Direct Indexing L.P. boosted its position in shares of AeroVironment by 7.2% in the third quarter. First Trust Direct Indexing L.P. now owns 1,434 shares of the aerospace company’s stock valued at $288,000 after acquiring an additional 96 shares during the period. Exchange Traded Concepts LLC grew its stake in AeroVironment by 2.6% during the fourth quarter. Exchange Traded Concepts LLC now owns 4,170 shares of the aerospace company’s stock valued at $642,000 after acquiring an additional 105 shares in the last quarter. Finally, Avior Wealth Management LLC increased its holdings in AeroVironment by 51.0% during the 3rd quarter. Avior Wealth Management LLC now owns 394 shares of the aerospace company’s stock worth $79,000 after acquiring an additional 133 shares during the period. 86.38% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other AeroVironment news, CFO Kevin Patrick Mcdonnell sold 396 shares of the company’s stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $198.73, for a total transaction of $78,697.08. Following the completion of the sale, the chief financial officer now directly owns 16,472 shares in the company, valued at $3,273,480.56. This represents a 2.35 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. 1.27% of the stock is owned by insiders.

AeroVironment Stock Down 4.0 %

Shares of NASDAQ:AVAV opened at $172.98 on Tuesday. The firm has a market capitalization of $4.88 billion, a PE ratio of 99.41 and a beta of 0.50. The company has a debt-to-equity ratio of 0.02, a quick ratio of 3.36 and a current ratio of 4.61. AeroVironment, Inc. has a 52-week low of $119.54 and a 52-week high of $236.60. The firm has a fifty day moving average of $169.01 and a 200 day moving average of $186.17.

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

Analyst Ratings Changes

A number of research analysts have recently commented on the stock. Jefferies Financial Group upgraded shares of AeroVironment from a “hold” rating to a “buy” rating and reduced their price target for the company from $240.00 to $230.00 in a research report on Wednesday, November 20th. William Blair restated an “outperform” rating on shares of AeroVironment in a research note on Thursday, December 5th. One equities research analyst has rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Buy” and an average target price of $225.20.

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.