Nwam LLC Has $632,000 Stake in AeroVironment, Inc. (NASDAQ:AVAV)

Nwam LLC trimmed its position in shares of AeroVironment, Inc. (NASDAQ:AVAV) by 77.7% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 4,106 shares of the aerospace company’s stock after selling 14,343 shares during the quarter. Nwam LLC’s holdings in AeroVironment were worth $632,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also made changes to their positions in the company. Illinois Municipal Retirement Fund lifted its holdings in AeroVironment by 17.2% in the 4th quarter. Illinois Municipal Retirement Fund now owns 18,822 shares of the aerospace company’s stock worth $2,897,000 after purchasing an additional 2,761 shares during the last quarter. Bank of New York Mellon Corp lifted its holdings in AeroVironment by 25.6% in the 4th quarter. Bank of New York Mellon Corp now owns 270,496 shares of the aerospace company’s stock worth $41,627,000 after purchasing an additional 55,142 shares during the last quarter. Arcadia Investment Management Corp MI lifted its holdings in AeroVironment by 64.3% in the 4th quarter. Arcadia Investment Management Corp MI now owns 657 shares of the aerospace company’s stock worth $101,000 after purchasing an additional 257 shares during the last quarter. Kornitzer Capital Management Inc. KS lifted its holdings in AeroVironment by 654.2% in the 4th quarter. Kornitzer Capital Management Inc. KS now owns 21,495 shares of the aerospace company’s stock worth $3,308,000 after purchasing an additional 18,645 shares during the last quarter. Finally, Truist Financial Corp acquired a new stake in AeroVironment in the 4th quarter worth approximately $776,000. 86.38% of the stock is currently owned by institutional investors and hedge funds.

AeroVironment Stock Performance

Shares of NASDAQ AVAV opened at $149.62 on Friday. 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 business’s 50 day moving average is $165.63 and its two-hundred day moving average is $184.99. The company has a market cap of $4.22 billion, a P/E ratio of 85.99 and a beta of 0.52. AeroVironment, Inc. has a 12 month low of $127.73 and a 12 month high of $236.60.

AeroVironment (NASDAQ:AVAV) last released 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 for the quarter, compared to the consensus estimate of $181.80 million. AeroVironment had a net margin of 6.39% and a return on equity of 8.12%. The business’s revenue for the quarter was up 4.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.97 earnings per share. On average, equities analysts expect that AeroVironment, Inc. will post 3.38 EPS for the current year.

Wall Street Analyst Weigh In

AVAV has been the subject of several analyst reports. Jefferies Financial Group upgraded AeroVironment from a “hold” rating to a “buy” rating and reduced their target price for the stock from $240.00 to $230.00 in a report on Wednesday, November 20th. William Blair reaffirmed an “outperform” rating on shares of AeroVironment in a research report 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 company’s stock. According to MarketBeat, the stock has a consensus rating of “Buy” and an average price target of $225.20.

Insider Activity

In other news, CFO Kevin Patrick Mcdonnell sold 396 shares of the business’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 transaction of $78,697.08. Following the sale, the chief financial officer now directly owns 16,472 shares in the company, valued at approximately $3,273,480.56. The trade was a 2.35 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 1.27% of the stock is currently owned by company insiders.

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.