AeroVironment, Inc. (NASDAQ:AVAV) Shares Sold by Angeles Wealth Management LLC

Angeles Wealth Management LLC trimmed its holdings in AeroVironment, Inc. (NASDAQ:AVAV) by 36.7% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,465 shares of the aerospace company’s stock after selling 1,427 shares during the quarter. Angeles Wealth Management LLC’s holdings in AeroVironment were worth $379,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in AVAV. Modus Advisors LLC acquired a new position in shares of AeroVironment in the 4th quarter valued at $31,000. Golden State Wealth Management LLC acquired a new position in AeroVironment in the fourth quarter valued at $31,000. Wilmington Savings Fund Society FSB grew its holdings in shares of AeroVironment by 1,515.4% during the fourth quarter. Wilmington Savings Fund Society FSB now owns 210 shares of the aerospace company’s stock worth $32,000 after purchasing an additional 197 shares during the last quarter. Blue Trust Inc. increased its position in shares of AeroVironment by 3,080.0% during the fourth quarter. Blue Trust Inc. now owns 318 shares of the aerospace company’s stock worth $49,000 after purchasing an additional 308 shares in the last quarter. Finally, Truvestments Capital LLC purchased a new stake in shares of AeroVironment in the 3rd quarter valued at about $62,000. 86.38% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on AVAV. Jefferies Financial Group upgraded AeroVironment from a “hold” rating to a “buy” rating and dropped their price target for the stock from $240.00 to $230.00 in a research note on Wednesday, November 20th. William Blair restated an “outperform” rating on shares of AeroVironment in a research report on Thursday, December 5th. One 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’s stock. According to data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus target price of $225.20.

Insider Transactions at AeroVironment

In related news, CFO Kevin Patrick Mcdonnell sold 396 shares of the company’s stock in a transaction 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 transaction, the chief financial officer now owns 16,472 shares of the company’s stock, valued at $3,273,480.56. This represents a 2.35 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Company insiders own 1.27% of the company’s stock.

AeroVironment Stock Up 3.0 %

AeroVironment stock opened at $182.15 on Tuesday. The stock has a 50 day moving average of $167.70 and a two-hundred day moving average of $186.64. AeroVironment, Inc. has a twelve month low of $121.38 and a twelve month high of $236.60. The stock has a market capitalization of $5.14 billion, a price-to-earnings ratio of 104.68 and a beta of 0.52. The company has a current ratio of 4.61, a quick ratio of 3.36 and a debt-to-equity ratio of 0.02.

AeroVironment (NASDAQ:AVAV) last posted its quarterly earnings data 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). The firm had revenue of $188.46 million during the quarter, compared to analysts’ expectations of $181.80 million. AeroVironment had a net margin of 6.39% and a return on equity of 8.12%. The business’s quarterly revenue was up 4.2% on a year-over-year basis. During the same quarter last year, the business earned $0.97 earnings per share. As a group, research analysts expect that AeroVironment, Inc. will post 3.38 earnings per share 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.