AeroVironment, Inc. (NASDAQ:AVAV) Shares Acquired by Veracity Capital LLC

Veracity Capital LLC grew its stake in shares of AeroVironment, Inc. (NASDAQ:AVAVFree Report) by 5.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 4,571 shares of the aerospace company’s stock after purchasing an additional 253 shares during the period. Veracity Capital LLC’s holdings in AeroVironment were worth $703,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of AVAV. Security National Bank acquired a new stake in AeroVironment during the 3rd quarter worth about $31,000. Modus Advisors LLC acquired a new stake in shares of AeroVironment during the fourth quarter valued at approximately $31,000. Canada Pension Plan Investment Board acquired a new stake in shares of AeroVironment during the second quarter valued at approximately $36,000. Truvestments Capital LLC purchased a new stake in shares of AeroVironment in the 3rd quarter valued at approximately $62,000. Finally, Avior Wealth Management LLC boosted its stake in AeroVironment by 51.0% in the 3rd quarter. Avior Wealth Management LLC now owns 394 shares of the aerospace company’s stock worth $79,000 after purchasing an additional 133 shares during the period. Institutional investors and hedge funds own 86.38% of the company’s stock.

AeroVironment Trading Up 2.1 %

AeroVironment stock opened at $181.57 on Friday. AeroVironment, Inc. has a 12 month low of $119.46 and a 12 month high of $236.60. The company has a quick ratio of 3.36, a current ratio of 4.61 and a debt-to-equity ratio of 0.02. The stock has a market cap of $5.12 billion, a P/E ratio of 104.35 and a beta of 0.50. The company’s fifty day simple moving average is $171.92 and its 200-day simple moving average is $185.73.

AeroVironment (NASDAQ:AVAVGet Free Report) last issued its earnings results 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 during the quarter, compared to analyst estimates 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% on a year-over-year basis. During the same period in the previous year, the company earned $0.97 earnings per share. As a group, sell-side analysts forecast that AeroVironment, Inc. will post 3.38 EPS for the current fiscal year.

Insiders Place Their Bets

In other AeroVironment news, CFO Kevin Patrick Mcdonnell sold 396 shares of the business’s stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of $198.73, for a total value of $78,697.08. Following the completion of the sale, the chief financial officer now owns 16,472 shares of the company’s stock, valued at $3,273,480.56. The trade was a 2.35 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 1.27% of the company’s stock.

Analysts Set New Price Targets

Several analysts have issued reports on the stock. William Blair reissued an “outperform” rating on shares of AeroVironment in a research note on Thursday, December 5th. Jefferies Financial Group raised AeroVironment from a “hold” rating to a “buy” rating and dropped their price target for the company from $240.00 to $230.00 in a research report on Wednesday, November 20th. One equities research analyst has rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Buy” and an average target price of $225.20.

Check Out Our Latest Report on AVAV

AeroVironment Profile

(Free Report)

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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Institutional Ownership by Quarter for AeroVironment (NASDAQ:AVAV)

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