Bouvel Investment Partners LLC Sells 8,096 Shares of AeroVironment, Inc. (NASDAQ:AVAV)

Bouvel Investment Partners LLC lowered its stake in AeroVironment, Inc. (NASDAQ:AVAVFree Report) by 31.9% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 17,283 shares of the aerospace company’s stock after selling 8,096 shares during the quarter. Bouvel Investment Partners LLC owned 0.06% of AeroVironment worth $2,649,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. NBC Securities Inc. bought a new stake in AeroVironment in the first quarter valued at $26,000. Bfsg LLC acquired a new stake in shares of AeroVironment in the 4th quarter valued at about $25,000. GAMMA Investing LLC bought a new stake in AeroVironment in the 4th quarter valued at about $32,000. Russell Investments Group Ltd. acquired a new position in AeroVironment during the 4th quarter worth approximately $39,000. Finally, Arcadia Investment Management Corp MI boosted its holdings in AeroVironment by 44.1% in the fourth quarter. Arcadia Investment Management Corp MI now owns 327 shares of the aerospace company’s stock worth $41,000 after acquiring an additional 100 shares in the last quarter. Institutional investors and hedge funds own 86.38% of the company’s stock.

AeroVironment Price Performance

AVAV opened at $182.52 on Friday. The firm’s fifty day moving average price is $189.79 and its two-hundred day moving average price is $153.77. The company has a market capitalization of $5.14 billion, a price-to-earnings ratio of 80.14 and a beta of 0.46. The company has a debt-to-equity ratio of 0.04, a current ratio of 4.66 and a quick ratio of 3.16. AeroVironment, Inc. has a 1 year low of $91.00 and a 1 year high of $224.00.

AeroVironment (NASDAQ:AVAVGet Free Report) last posted its quarterly earnings data on Wednesday, June 26th. The aerospace company reported $0.43 EPS for the quarter, beating the consensus estimate of $0.21 by $0.22. AeroVironment had a net margin of 8.32% and a return on equity of 11.24%. The firm had revenue of $197.00 million during the quarter, compared to analyst estimates of $188.48 million. During the same quarter last year, the business posted $0.99 EPS. The company’s revenue for the quarter was up 5.9% on a year-over-year basis. As a group, analysts anticipate that AeroVironment, Inc. will post 3.42 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms have recently commented on AVAV. William Blair restated an “outperform” rating on shares of AeroVironment in a report on Tuesday, March 5th. BTIG Research initiated coverage on shares of AeroVironment in a report on Wednesday. They set a “buy” rating and a $255.00 price objective on the stock. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $200.00 price objective on shares of AeroVironment in a research note on Thursday. Finally, Robert W. Baird reissued a “neutral” rating and set a $161.00 target price on shares of AeroVironment in a research report on Friday, March 8th. Three analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $175.20.

Check Out Our Latest Stock Analysis on AeroVironment

About AeroVironment

(Free Report)

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.

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Institutional Ownership by Quarter for AeroVironment (NASDAQ:AVAV)

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