Veracity Capital LLC Has $703,000 Holdings in AeroVironment, Inc. (NASDAQ:AVAV)

Veracity Capital LLC increased its position in AeroVironment, Inc. (NASDAQ:AVAV) by 5.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 4,571 shares of the aerospace company’s stock after acquiring an additional 253 shares during the quarter. Veracity Capital LLC’s holdings in AeroVironment were worth $703,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. Security National Bank acquired a new stake in shares of AeroVironment in the third quarter valued at about $31,000. Modus Advisors LLC acquired a new stake in AeroVironment in the 4th quarter valued at approximately $31,000. Canada Pension Plan Investment Board bought a new position in AeroVironment in the 2nd quarter worth approximately $36,000. Truvestments Capital LLC bought a new position in AeroVironment in the 3rd quarter worth approximately $62,000. Finally, Avior Wealth Management LLC lifted its holdings in shares of AeroVironment by 51.0% during the third quarter. Avior Wealth Management LLC now owns 394 shares of the aerospace company’s stock worth $79,000 after buying an additional 133 shares during the last quarter. Institutional investors and hedge funds own 86.38% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on AVAV. William Blair restated an “outperform” rating on shares of AeroVironment in a research note on Thursday, December 5th. Jefferies Financial Group upgraded shares of AeroVironment from a “hold” rating to a “buy” rating and decreased their price target 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 issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, AeroVironment has a consensus rating of “Buy” and a consensus target price of $225.20.

Insider Transactions at AeroVironment

In other news, CFO Kevin Patrick Mcdonnell sold 396 shares of the business’s stock in a transaction on Monday, December 2nd. The shares were sold at an average price of $198.73, for a total value of $78,697.08. Following the sale, the chief financial officer now owns 16,472 shares in the company, valued at approximately $3,273,480.56. The trade was a 2.35 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 1.27% of the stock is currently owned by insiders.

AeroVironment Stock Up 2.1 %

AVAV opened at $181.57 on Friday. AeroVironment, Inc. has a fifty-two week low of $119.46 and a fifty-two week high of $236.60. The company has a market capitalization of $5.12 billion, a P/E ratio of 104.35 and a beta of 0.50. The company has a debt-to-equity ratio of 0.02, a current ratio of 4.61 and a quick ratio of 3.36. The firm’s fifty day moving average price is $171.92 and its two-hundred day moving average price is $185.73.

AeroVironment (NASDAQ:AVAV) last posted its earnings results 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 business had revenue of $188.46 million during the quarter, compared to the consensus estimate of $181.80 million. During the same period in the previous year, the firm earned $0.97 EPS. The business’s revenue was up 4.2% compared to the same quarter last year. On average, analysts anticipate that AeroVironment, Inc. will post 3.38 EPS for the current year.

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.