Fisher Asset Management LLC Sells 301 Shares of AeroVironment, Inc. (NASDAQ:AVAV)

Fisher Asset Management LLC lowered its stake in shares of AeroVironment, Inc. (NASDAQ:AVAV) by 0.2% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 133,636 shares of the aerospace company’s stock after selling 301 shares during the quarter. Fisher Asset Management LLC owned 0.47% of AeroVironment worth $26,794,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Security National Bank bought a new position in AeroVironment during the third quarter valued at $31,000. Canada Pension Plan Investment Board purchased a new position in shares of AeroVironment during the 2nd quarter worth about $36,000. Avior Wealth Management LLC grew 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 valued at $79,000 after purchasing an additional 133 shares during the last quarter. Arcadia Investment Management Corp MI raised its position in AeroVironment by 23.1% in the 3rd quarter. Arcadia Investment Management Corp MI now owns 400 shares of the aerospace company’s stock worth $80,000 after purchasing an additional 75 shares during the period. Finally, NBC Securities Inc. lifted its stake in AeroVironment by 47.4% in the third quarter. NBC Securities Inc. now owns 432 shares of the aerospace company’s stock worth $86,000 after purchasing an additional 139 shares during the last quarter. Hedge funds and other institutional investors own 86.38% of the company’s stock.

Insider Activity at AeroVironment

In other AeroVironment news, CFO Kevin Patrick Mcdonnell sold 396 shares of the firm’s stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $196.22, for a total value of $77,703.12. Following the completion of the sale, the chief financial officer now directly owns 18,254 shares in the company, valued at $3,581,799.88. This trade represents a 2.12 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders have sold a total of 1,782 shares of company stock valued at $372,615 over the last quarter. 1.27% of the stock is owned by corporate insiders.

AeroVironment Trading Up 1.8 %

NASDAQ AVAV opened at $196.50 on Wednesday. The company has a debt-to-equity ratio of 0.01, a quick ratio of 3.04 and a current ratio of 4.26. The company has a market capitalization of $5.54 billion, a price-to-earnings ratio of 92.25 and a beta of 0.49. The company’s 50-day simple moving average is $207.68 and its two-hundred day simple moving average is $194.20. AeroVironment, Inc. has a one year low of $116.51 and a one year high of $236.60.

AeroVironment (NASDAQ:AVAV) last issued its quarterly earnings data on Wednesday, September 4th. The aerospace company reported $0.89 EPS for the quarter, topping analysts’ consensus estimates of $0.61 by $0.28. The company had revenue of $189.48 million during the quarter, compared to the consensus estimate of $183.18 million. AeroVironment had a net margin of 7.82% and a return on equity of 9.87%. AeroVironment’s revenue for the quarter was up 24.4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.00 earnings per share. Equities analysts forecast that AeroVironment, Inc. will post 3.36 EPS for the current fiscal year.

Analysts Set New Price Targets

AVAV has been the topic of several recent analyst reports. Raymond James downgraded AeroVironment from an “outperform” rating to a “market perform” rating in a report on Monday, September 16th. Robert W. Baird upgraded AeroVironment from a “neutral” rating to an “outperform” rating and increased their target price for the stock from $161.00 to $220.00 in a research note on Wednesday, August 28th. Baird R W raised shares of AeroVironment from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, August 28th. Jefferies Financial Group upgraded shares of AeroVironment from a “hold” rating to a “buy” rating and cut their price target for the stock from $240.00 to $230.00 in a report on Wednesday, November 20th. Finally, Royal Bank of Canada decreased their price objective on shares of AeroVironment from $230.00 to $215.00 and set an “outperform” rating for the company in a report on Thursday, September 5th. One investment 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, AeroVironment presently has an average rating of “Buy” and a consensus price target of $211.83.

AeroVironment Company 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.