Arcadia Investment Management Corp MI Acquires 257 Shares of AeroVironment, Inc. (NASDAQ:AVAV)

Arcadia Investment Management Corp MI increased its holdings in AeroVironment, Inc. (NASDAQ:AVAV) by 64.3% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 657 shares of the aerospace company’s stock after purchasing an additional 257 shares during the period. Arcadia Investment Management Corp MI’s holdings in AeroVironment were worth $101,000 as of its most recent filing with the SEC.

Several other large investors also recently bought and sold shares of AVAV. Baillie Gifford & Co. increased its holdings in AeroVironment by 29.1% in the 3rd quarter. Baillie Gifford & Co. now owns 1,951,393 shares of the aerospace company’s stock worth $391,254,000 after buying an additional 439,717 shares in the last quarter. International Assets Investment Management LLC increased its holdings in AeroVironment by 19,950.0% in the 3rd quarter. International Assets Investment Management LLC now owns 267,066 shares of the aerospace company’s stock worth $53,547,000 after buying an additional 265,734 shares in the last quarter. Wellington Management Group LLP boosted its position in AeroVironment by 155.1% in the third quarter. Wellington Management Group LLP now owns 321,479 shares of the aerospace company’s stock worth $64,457,000 after purchasing an additional 195,443 shares during the last quarter. Stephens Investment Management Group LLC boosted its position in AeroVironment by 40.0% in the fourth quarter. Stephens Investment Management Group LLC now owns 541,541 shares of the aerospace company’s stock worth $83,338,000 after purchasing an additional 154,703 shares during the last quarter. Finally, Heard Capital LLC boosted its position in AeroVironment by 25.5% in the third quarter. Heard Capital LLC now owns 592,136 shares of the aerospace company’s stock worth $118,723,000 after purchasing an additional 120,447 shares during the last quarter. 86.38% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other AeroVironment news, CFO Kevin Patrick Mcdonnell sold 396 shares of the company’s stock in a transaction that occurred on Monday, December 2nd. The stock was 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 directly owns 16,472 shares in the company, valued at $3,273,480.56. This represents a 2.35 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 1.27% of the stock is owned by insiders.

AeroVironment Stock Down 0.4 %

AVAV stock opened at $158.13 on Friday. AeroVironment, Inc. has a twelve month low of $121.38 and a twelve month 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 stock has a market cap of $4.46 billion, a P/E ratio of 90.88 and a beta of 0.52. The business’s 50-day moving average price is $166.76 and its 200-day moving average price is $185.80.

AeroVironment (NASDAQ:AVAV) last posted its quarterly earnings data on Wednesday, December 4th. The aerospace company reported $0.47 earnings per share 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 analysts’ expectations of $181.80 million. During the same period in the previous year, the firm earned $0.97 earnings per share. The firm’s quarterly revenue was up 4.2% on a year-over-year basis. On average, equities research analysts forecast that AeroVironment, Inc. will post 3.38 EPS for the current year.

Analyst Ratings Changes

Several brokerages have issued reports on AVAV. William Blair reissued an “outperform” rating on shares of AeroVironment in a research report on Thursday, December 5th. Jefferies Financial Group raised AeroVironment from a “hold” rating to a “buy” rating and dropped their target price for the stock from $240.00 to $230.00 in a research report on Wednesday, November 20th. One investment analyst has rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, AeroVironment has a consensus rating of “Buy” and a consensus target price of $225.20.

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.