MetLife Investment Management LLC Sells 152 Shares of AeroVironment, Inc. (NASDAQ:AVAV)

MetLife Investment Management LLC trimmed its stake in AeroVironment, Inc. (NASDAQ:AVAV) by 1.0% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 14,906 shares of the aerospace company’s stock after selling 152 shares during the quarter. MetLife Investment Management LLC owned approximately 0.05% of AeroVironment worth $2,989,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of the stock. Glenmede Trust Co. NA bought a new position in AeroVironment in the third quarter valued at approximately $229,000. Truvestments Capital LLC acquired a new stake in shares of AeroVironment in the third quarter valued at approximately $62,000. Independent Advisor Alliance acquired a new stake in shares of AeroVironment in the third quarter valued at approximately $212,000. MGB Wealth Management LLC acquired a new stake in shares of AeroVironment in the third quarter valued at approximately $206,000. Finally, Penserra Capital Management LLC lifted its position in shares of AeroVironment by 87.1% in the third quarter. Penserra Capital Management LLC now owns 8,580 shares of the aerospace company’s stock valued at $1,720,000 after buying an additional 3,995 shares during the last quarter. 86.38% of the stock is currently owned by institutional investors.

Insider Buying and Selling at AeroVironment

In other news, CFO Kevin Patrick Mcdonnell sold 508 shares of AeroVironment stock in a transaction on Friday, November 1st. The stock was sold at an average price of $216.65, for a total value of $110,058.20. Following the transaction, the chief financial officer now owns 16,868 shares in the company, valued at approximately $3,654,452.20. This trade represents a 2.92 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders sold 1,782 shares of company stock valued at $373,609 in the last three months. Corporate insiders own 1.27% of the company’s stock.

AeroVironment Price Performance

Shares of NASDAQ AVAV opened at $193.10 on Wednesday. The stock has a market capitalization of $5.45 billion, a PE ratio of 90.66 and a beta of 0.45. The company has a debt-to-equity ratio of 0.01, a current ratio of 4.26 and a quick ratio of 3.04. The business has a fifty day moving average price of $208.88 and a two-hundred day moving average price of $194.36. AeroVironment, Inc. has a fifty-two week low of $116.51 and a fifty-two week high of $236.60.

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

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on AVAV. Baird R W raised AeroVironment from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, August 28th. Raymond James cut AeroVironment from an “outperform” rating to a “market perform” rating in a research report on Monday, September 16th. Alembic Global Advisors raised AeroVironment from a “neutral” rating to an “overweight” rating and set a $216.00 price objective for the company in a research report on Wednesday, August 28th. Robert W. Baird raised AeroVironment from a “neutral” rating to an “outperform” rating and lifted their price target for the stock from $161.00 to $220.00 in a report on Wednesday, August 28th. Finally, Royal Bank of Canada dropped their price target on 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 company’s stock. According to MarketBeat, AeroVironment presently has an average rating of “Buy” and a consensus price target of $211.83.

AeroVironment 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.