11,855 Shares in AeroVironment, Inc. (NASDAQ:AVAV) Acquired by Intellectus Partners LLC

Intellectus Partners LLC purchased a new stake in AeroVironment, Inc. (NASDAQ:AVAV) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 11,855 shares of the aerospace company’s stock, valued at approximately $1,824,000.

Other hedge funds have also recently bought and sold shares of the company. Baillie Gifford & Co. grew its holdings in shares of AeroVironment by 9.4% in the 4th quarter. Baillie Gifford & Co. now owns 2,135,280 shares of the aerospace company’s stock worth $328,598,000 after purchasing an additional 183,887 shares during the last quarter. State Street Corp boosted its position in AeroVironment by 0.5% in the third quarter. State Street Corp now owns 1,582,871 shares of the aerospace company’s stock valued at $317,366,000 after buying an additional 7,471 shares in the last quarter. Geode Capital Management LLC grew its stake in AeroVironment by 0.8% during the third quarter. Geode Capital Management LLC now owns 634,189 shares of the aerospace company’s stock worth $127,180,000 after buying an additional 4,948 shares during the last quarter. Heard Capital LLC increased its holdings in shares of AeroVironment by 25.5% during the third quarter. Heard Capital LLC now owns 592,136 shares of the aerospace company’s stock worth $118,723,000 after buying an additional 120,447 shares in the last quarter. Finally, Stephens Investment Management Group LLC raised its stake in shares of AeroVironment by 40.0% in the fourth quarter. Stephens Investment Management Group LLC now owns 541,541 shares of the aerospace company’s stock valued at $83,338,000 after acquiring an additional 154,703 shares during the last quarter. 86.38% of the stock is currently owned by institutional investors and hedge funds.

AeroVironment Stock Down 2.0 %

NASDAQ AVAV opened at $132.33 on Friday. The company has a debt-to-equity ratio of 0.02, a quick ratio of 3.36 and a current ratio of 4.61. AeroVironment, Inc. has a 52 week low of $110.07 and a 52 week high of $236.60. The stock has a market capitalization of $3.73 billion, a P/E ratio of 76.05 and a beta of 0.42. The stock has a fifty day moving average of $163.87 and a 200-day moving average of $183.69.

AeroVironment (NASDAQ:AVAV) last announced its quarterly earnings data on Wednesday, December 4th. The aerospace company reported $0.47 earnings per share for the quarter, missing the consensus estimate of $0.76 by ($0.29). The firm had revenue of $188.46 million for the quarter, compared to the consensus estimate of $181.80 million. AeroVironment had a return on equity of 8.12% and a net margin of 6.39%. The business’s revenue for the quarter was up 4.2% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.97 earnings per share. On average, equities research analysts forecast that AeroVironment, Inc. will post 3.38 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on AVAV shares. Robert W. Baird decreased their price target on AeroVironment from $220.00 to $146.00 and set an “outperform” rating on the stock in a research report on Wednesday. Jefferies Financial Group lowered their target price on AeroVironment from $230.00 to $190.00 and set a “buy” rating for the company in a research note on Wednesday. Finally, William Blair reiterated an “outperform” rating on shares of AeroVironment in a research report on Wednesday. One equities research 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. Based on data from MarketBeat, the stock has a consensus rating of “Buy” and an average price target of $202.40.

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.