AeroVironment, Inc. (NASDAQ:AVAV) Shares Sold by Larson Financial Group LLC

Larson Financial Group LLC cut its position in AeroVironment, Inc. (NASDAQ:AVAV – Get Rating) by 52.2% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,700 shares of the aerospace company’s stock after selling 1,859 shares during the period. Larson Financial Group LLC’s holdings in AeroVironment were worth $146,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently made changes to their positions in the company. BlackRock Inc. boosted its stake in AeroVironment by 5.6% during the third quarter. BlackRock Inc. now owns 4,180,252 shares of the aerospace company’s stock worth $348,466,000 after buying an additional 221,652 shares during the last quarter. Vanguard Group Inc. boosted its stake in AeroVironment by 3.2% during the third quarter. Vanguard Group Inc. now owns 2,583,102 shares of the aerospace company’s stock worth $215,328,000 after buying an additional 80,680 shares during the last quarter. State Street Corp boosted its stake in AeroVironment by 1.2% during the third quarter. State Street Corp now owns 1,430,804 shares of the aerospace company’s stock worth $119,272,000 after buying an additional 16,440 shares during the last quarter. Baillie Gifford & Co. boosted its stake in AeroVironment by 4.8% during the fourth quarter. Baillie Gifford & Co. now owns 759,638 shares of the aerospace company’s stock worth $65,071,000 after buying an additional 34,794 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its stake in AeroVironment by 0.9% during the first quarter. Dimensional Fund Advisors LP now owns 699,402 shares of the aerospace company’s stock worth $65,842,000 after buying an additional 6,509 shares during the last quarter. 88.82% of the stock is owned by institutional investors and hedge funds.

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Insider Buying and Selling

In related news, Director Stephen F. Page sold 2,105 shares of the business’s stock in a transaction on Thursday, March 30th. The stock was sold at an average price of $90.78, for a total transaction of $191,091.90. Following the completion of the transaction, the director now directly owns 45,721 shares of the company’s stock, valued at approximately $4,150,552.38. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 1.80% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

AVAV has been the topic of a number of research analyst reports. Canaccord Genuity Group lifted their target price on AeroVironment from $106.00 to $115.00 and gave the company a “buy” rating in a research report on Tuesday, March 7th. StockNews.com initiated coverage on AeroVironment in a research report on Thursday, March 16th. They issued a “hold” rating on the stock. Royal Bank of Canada restated an “outperform” rating and issued a $115.00 target price on shares of AeroVironment in a research report on Thursday, April 13th. Finally, Raymond James upgraded AeroVironment from an “outperform” rating to a “strong-buy” rating and lifted their target price for the company from $105.00 to $130.00 in a research report on Tuesday, April 4th. One investment analyst has rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, AeroVironment presently has an average rating of “Buy” and an average price target of $113.80.

AeroVironment Price Performance

AVAV stock opened at $102.73 on Monday. The company has a current ratio of 3.36, a quick ratio of 2.28 and a debt-to-equity ratio of 0.25. The company has a market capitalization of $2.59 billion, a PE ratio of -293.51 and a beta of 0.58. AeroVironment, Inc. has a 12-month low of $70.08 and a 12-month high of $109.22. The business’s fifty day moving average price is $93.77 and its 200 day moving average price is $88.88.

AeroVironment (NASDAQ:AVAV – Get Rating) last posted its quarterly earnings data on Monday, March 6th. The aerospace company reported $0.33 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.34 by ($0.01). AeroVironment had a negative net margin of 1.74% and a positive return on equity of 2.21%. The firm had revenue of $134.40 million during the quarter, compared to analysts’ expectations of $126.77 million. During the same quarter in the prior year, the firm posted $0.32 EPS. AeroVironment’s quarterly revenue was up 49.2% compared to the same quarter last year. On average, sell-side analysts anticipate that AeroVironment, Inc. will post 1.26 EPS for the current year.

AeroVironment Profile

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AeroVironment, Inc engages in the design, development, production, support and operation of unmanned aircraft systems and electric transportation solutions. The company was founded by Paul B. MacCready, Jr. in July 1971 and is headquartered in Arlington, VA.

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