Nuveen Asset Management LLC Has $21.19 Million Stock Holdings in AeroVironment, Inc. (NASDAQ:AVAV)


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Nuveen Asset Management LLC lowered its stake in AeroVironment, Inc. (NASDAQ:AVAV) by 7.9% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 243,807 shares of the aerospace company’s stock after selling 20,977 shares during the period. Nuveen Asset Management LLC’s holdings in AeroVironment were worth $21,187,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Banque Cantonale Vaudoise increased its holdings in shares of AeroVironment by 3.1% during the fourth quarter. Banque Cantonale Vaudoise now owns 2,847 shares of the aerospace company’s stock worth $247,000 after buying an additional 85 shares in the last quarter. Nisa Investment Advisors LLC grew its position in AeroVironment by 4.0% during the 4th quarter. Nisa Investment Advisors LLC now owns 2,610 shares of the aerospace company’s stock worth $227,000 after acquiring an additional 100 shares during the last quarter. Cambridge Investment Research Advisors Inc. increased its holdings in AeroVironment by 3.3% in the 4th quarter. Cambridge Investment Research Advisors Inc. now owns 4,078 shares of the aerospace company’s stock worth $354,000 after purchasing an additional 129 shares in the last quarter. Aperio Group LLC raised its position in AeroVironment by 2.5% in the fourth quarter. Aperio Group LLC now owns 8,343 shares of the aerospace company’s stock valued at $725,000 after purchasing an additional 202 shares during the last quarter. Finally, Point72 Hong Kong Ltd boosted its stake in shares of AeroVironment by 32.6% during the third quarter. Point72 Hong Kong Ltd now owns 1,097 shares of the aerospace company’s stock valued at $66,000 after purchasing an additional 270 shares in the last quarter. 76.22% of the stock is currently owned by hedge funds and other institutional investors.

Shares of NASDAQ AVAV opened at $113.37 on Thursday. AeroVironment, Inc. has a twelve month low of $53.15 and a twelve month high of $143.71. The firm has a fifty day simple moving average of $117.10 and a 200 day simple moving average of $96.81. The company has a market capitalization of $2.80 billion, a PE ratio of 95.27 and a beta of 0.58.

AeroVironment (NASDAQ:AVAV) last issued its quarterly earnings results on Tuesday, March 9th. The aerospace company reported $0.14 EPS for the quarter, beating the Zacks’ consensus estimate of $0.01 by $0.13. AeroVironment had a net margin of 7.59% and a return on equity of 7.85%. The business had revenue of $78.78 million for the quarter, compared to analysts’ expectations of $75.83 million. During the same quarter in the prior year, the firm posted ($0.01) earnings per share. The business’s quarterly revenue was up 27.3% compared to the same quarter last year. As a group, analysts anticipate that AeroVironment, Inc. will post 1.87 earnings per share for the current year.

AVAV has been the subject of several recent research reports. Alembic Global Advisors raised AeroVironment from a “neutral” rating to an “overweight” rating and set a $120.00 price objective for the company in a research note on Thursday, January 14th. Robert W. Baird reaffirmed a “buy” rating on shares of AeroVironment in a research note on Sunday, March 7th. Zacks Investment Research cut shares of AeroVironment from a “buy” rating to a “hold” rating in a research note on Tuesday, March 16th. Canaccord Genuity reaffirmed a “buy” rating and set a $100.00 target price on shares of AeroVironment in a research report on Thursday, January 14th. Finally, Stifel Nicolaus lowered AeroVironment from a “buy” rating to a “hold” rating and upped their price target for the company from $103.00 to $120.00 in a research report on Friday, January 15th. Two analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $117.50.

In other AeroVironment news, CEO Wahid Nawabi sold 24,716 shares of the business’s stock in a transaction that occurred on Monday, April 5th. The stock was sold at an average price of $121.33, for a total value of $2,998,792.28. Following the transaction, the chief executive officer now directly owns 42,475 shares of the company’s stock, valued at $5,153,491.75. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Chairman Timothy E. Conver sold 150,000 shares of the stock in a transaction that occurred on Friday, March 12th. The stock was sold at an average price of $113.16, for a total value of $16,974,000.00. Following the transaction, the chairman now owns 45,115 shares in the company, valued at $5,105,213.40. The disclosure for this sale can be found here. Insiders have sold 184,125 shares of company stock valued at $21,099,983 in the last ninety days. 9.70% of the stock is currently owned by insiders.

About AeroVironment

AeroVironment, Inc designs, develops, produces, supports, and operates a portfolio of products and services for government agencies and businesses. The company supplies unmanned aircraft systems (UAS) and related services primarily to organizations within the U.S. Department of Defense and to international allied governments; and tactical missile systems and related services to organizations within the U.S.

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Institutional Ownership by Quarter for AeroVironment (NASDAQ:AVAV)

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