Jaffetilchin Investment Partners LLC Decreases Position in AeroVironment, Inc. (NASDAQ:AVAV)

Jaffetilchin Investment Partners LLC lessened its stake in shares of AeroVironment, Inc. (NASDAQ:AVAV) by 17.5% during the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 2,239 shares of the aerospace company’s stock after selling 474 shares during the period. Jaffetilchin Investment Partners LLC’s holdings in AeroVironment were worth $343,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. Bfsg LLC purchased a new position in AeroVironment during the 4th quarter worth $25,000. NBC Securities Inc. bought a new stake in shares of AeroVironment in the first quarter valued at about $26,000. GAMMA Investing LLC purchased a new stake in AeroVironment in the fourth quarter worth about $32,000. Harel Insurance Investments & Financial Services Ltd. bought a new stake in shares of AeroVironment in the 1st quarter valued at about $38,000. Finally, Russell Investments Group Ltd. purchased a new stake in shares of AeroVironment in the 4th quarter worth approximately $39,000. 86.38% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the company. BTIG Research initiated coverage on AeroVironment in a report on Wednesday, June 26th. They set a “buy” rating and a $255.00 target price for the company. Royal Bank of Canada reissued an “outperform” rating and set a $200.00 price target on shares of AeroVironment in a research report on Thursday, June 27th. Three investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $175.20.

AeroVironment Trading Down 2.4 %

NASDAQ AVAV traded down $4.20 on Thursday, reaching $174.34. The stock had a trading volume of 194,368 shares, compared to its average volume of 346,985. The stock has a fifty day moving average price of $187.98 and a two-hundred day moving average price of $161.78. The company has a quick ratio of 2.52, a current ratio of 3.56 and a debt-to-equity ratio of 0.02. AeroVironment, Inc. has a 12-month low of $91.25 and a 12-month high of $224.00. The firm has a market capitalization of $4.90 billion, a price-to-earnings ratio of 78.95 and a beta of 0.51.

AeroVironment (NASDAQ:AVAV) last announced its earnings results on Wednesday, June 26th. The aerospace company reported $0.43 earnings per share for the quarter, beating the consensus estimate of $0.22 by $0.21. The company had revenue of $197.00 million for the quarter, compared to the consensus estimate of $188.48 million. AeroVironment had a return on equity of 10.89% and a net margin of 8.32%. The company’s revenue was up 5.9% on a year-over-year basis. During the same period last year, the business posted $0.99 EPS. As a group, sell-side analysts forecast that AeroVironment, Inc. will post 3.41 EPS for the current fiscal year.

Insider Buying and Selling at AeroVironment

In other AeroVironment news, CEO Wahid Nawabi sold 9,867 shares of the firm’s stock in a transaction dated Friday, July 5th. The stock was sold at an average price of $169.23, for a total value of $1,669,792.41. Following the transaction, the chief executive officer now directly owns 99,892 shares of the company’s stock, valued at $16,904,723.16. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, CFO Kevin Patrick Mcdonnell sold 511 shares of the stock in a transaction dated Monday, July 1st. The shares were sold at an average price of $178.45, for a total transaction of $91,187.95. Following the sale, the chief financial officer now owns 21,334 shares in the company, valued at $3,807,052.30. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Wahid Nawabi sold 9,867 shares of the stock in a transaction on Friday, July 5th. The stock was sold at an average price of $169.23, for a total value of $1,669,792.41. Following the completion of the sale, the chief executive officer now directly owns 99,892 shares in the company, valued at $16,904,723.16. The disclosure for this sale can be found here. 1.40% of the stock is 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.