Cypress Capital Group Acquires Shares of 2,208 AeroVironment, Inc. (NASDAQ:AVAV)

Cypress Capital Group acquired a new stake in shares of AeroVironment, Inc. (NASDAQ:AVAV) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 2,208 shares of the aerospace company’s stock, valued at approximately $340,000.

A number of other large investors have also recently added to or reduced their stakes in AVAV. Baillie Gifford & Co. lifted its position in shares of AeroVironment by 29.1% in the 3rd quarter. Baillie Gifford & Co. now owns 1,951,393 shares of the aerospace company’s stock worth $391,254,000 after buying an additional 439,717 shares during the last quarter. Wellington Management Group LLP lifted its position in shares of AeroVironment by 155.1% in the 3rd quarter. Wellington Management Group LLP now owns 321,479 shares of the aerospace company’s stock worth $64,457,000 after buying an additional 195,443 shares during the last quarter. Stephens Investment Management Group LLC lifted its position in shares of AeroVironment by 40.0% in the 4th quarter. Stephens Investment Management Group LLC now owns 541,541 shares of the aerospace company’s stock worth $83,338,000 after buying an additional 154,703 shares during the last quarter. Heard Capital LLC lifted its position in shares of AeroVironment by 25.5% in the 3rd 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 during the last quarter. Finally, Victory Capital Management Inc. lifted its position in shares of AeroVironment by 108.4% in the 3rd quarter. Victory Capital Management Inc. now owns 180,824 shares of the aerospace company’s stock worth $36,255,000 after buying an additional 94,062 shares during the last quarter. 86.38% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

AVAV has been the topic of a number of recent research reports. Jefferies Financial Group reduced their price target on shares of AeroVironment from $230.00 to $190.00 and set a “buy” rating on the stock in a research report on Wednesday. Robert W. Baird reduced their target price on shares of AeroVironment from $220.00 to $146.00 and set an “outperform” rating for the company in a research note on Wednesday. Finally, William Blair reissued an “outperform” rating on shares of AeroVironment in a research note on Wednesday. One 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.com, the stock has a consensus rating of “Buy” and a consensus target price of $202.40.

AeroVironment Trading Down 4.4 %

AeroVironment stock opened at $135.69 on Thursday. AeroVironment, Inc. has a 52-week low of $110.07 and a 52-week high of $236.60. The firm has a market capitalization of $3.83 billion, a price-to-earnings ratio of 77.98 and a beta of 0.42. The firm has a 50-day moving average price of $164.89 and a two-hundred day moving average price of $184.37. The company has a quick ratio of 3.36, a current ratio of 4.61 and a debt-to-equity ratio of 0.02.

AeroVironment (NASDAQ:AVAV) last released its quarterly earnings results on Wednesday, December 4th. The aerospace company reported $0.47 EPS for the quarter, missing analysts’ consensus estimates of $0.76 by ($0.29). AeroVironment had a return on equity of 8.12% and a net margin of 6.39%. The company had revenue of $188.46 million for the quarter, compared to the consensus estimate of $181.80 million. During the same quarter last year, the firm posted $0.97 earnings per share. The firm’s quarterly revenue was up 4.2% compared to the same quarter last year. Sell-side 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.