Freemont Management S.A. purchased a new stake in AeroVironment, Inc. (NASDAQ:AVAV - Free Report) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 9,200 shares of the aerospace company's stock, valued at approximately $1,845,000.
Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Security National Bank acquired a new position in shares of AeroVironment in the 3rd quarter worth approximately $31,000. Canada Pension Plan Investment Board acquired a new stake in shares of AeroVironment during the second quarter worth $36,000. Arcadia Investment Management Corp MI increased its stake in shares of AeroVironment by 23.1% in the 3rd quarter. Arcadia Investment Management Corp MI now owns 400 shares of the aerospace company's stock valued at $80,000 after acquiring an additional 75 shares during the last quarter. NBC Securities Inc. increased its stake in AeroVironment by 47.4% in the third quarter. NBC Securities Inc. now owns 432 shares of the aerospace company's stock valued at $86,000 after purchasing an additional 139 shares in the last quarter. Finally, DT Investment Partners LLC acquired a new stake in AeroVironment during the 2nd quarter worth $95,000. Institutional investors own 86.38% of the company's stock.
Shares of AVAV stock opened at $217.56 on Thursday. AeroVironment, Inc. has a fifty-two week low of $116.51 and a fifty-two week high of $236.60. The stock's fifty day moving average price is $205.33 and its two-hundred day moving average price is $192.61. The company has a debt-to-equity ratio of 0.01, a quick ratio of 3.04 and a current ratio of 4.26. The company has a market cap of $6.14 billion, a PE ratio of 102.14 and a beta of 0.49.
AeroVironment (NASDAQ:AVAV - Get Free Report) last announced its quarterly earnings results on Wednesday, September 4th. The aerospace company reported $0.89 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.61 by $0.28. AeroVironment had a net margin of 7.82% and a return on equity of 9.87%. The company had revenue of $189.48 million during the quarter, compared to the consensus estimate of $183.18 million. During the same period in the prior year, the business earned $1.00 earnings per share. The company's revenue for the quarter was up 24.4% compared to the same quarter last year. Equities analysts predict that AeroVironment, Inc. will post 3.36 EPS for the current fiscal year.
In related news, CFO Kevin Patrick Mcdonnell sold 508 shares of the stock in a transaction on Friday, November 1st. The shares were sold at an average price of $216.65, for a total transaction of $110,058.20. Following the transaction, the chief financial officer now directly owns 16,868 shares of the company's stock, valued at $3,654,452.20. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders have sold a total of 1,782 shares of company stock worth $372,615 over the last quarter. Company insiders own 1.27% of the company's stock.
Several brokerages have commented on AVAV. Jefferies Financial Group downgraded shares of AeroVironment from a "buy" rating to a "hold" rating and set a $240.00 target price on the stock. in a report on Tuesday. BTIG Research restated a "buy" rating and set a $245.00 price objective on shares of AeroVironment in a report on Tuesday, September 17th. Robert W. Baird upgraded AeroVironment from a "neutral" rating to an "outperform" rating and increased their target price for the stock from $161.00 to $220.00 in a report on Wednesday, August 28th. Raymond James lowered AeroVironment from an "outperform" rating to a "market perform" rating in a report on Monday, September 16th. Finally, Royal Bank of Canada decreased their price objective on AeroVironment from $230.00 to $215.00 and set an "outperform" rating for the company in a report on Thursday, September 5th. Two analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $213.50.
View Our Latest Analysis on AVAV
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.
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