AeroVironment, Inc. (NASDAQ:AVAV) Shares Sold by Bouvel Investment Partners LLC

Bouvel Investment Partners LLC lowered its position in AeroVironment, Inc. (NASDAQ:AVAV) by 1.1% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 17,108 shares of the aerospace company’s stock after selling 188 shares during the period. Bouvel Investment Partners LLC’s holdings in AeroVironment were worth $3,430,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of AVAV. Security National Bank acquired a new position in AeroVironment in the 3rd quarter worth about $31,000. Canada Pension Plan Investment Board purchased a new stake in shares of AeroVironment in the second quarter valued at approximately $36,000. Arcadia Investment Management Corp MI raised its stake in shares of AeroVironment by 23.1% during the 3rd quarter. Arcadia Investment Management Corp MI now owns 400 shares of the aerospace company’s stock worth $80,000 after buying an additional 75 shares during the period. NBC Securities Inc. lifted its position in shares of AeroVironment by 47.4% during the 3rd quarter. NBC Securities Inc. now owns 432 shares of the aerospace company’s stock valued at $86,000 after buying an additional 139 shares in the last quarter. Finally, DT Investment Partners LLC acquired a new stake in AeroVironment in the 2nd quarter valued at $95,000. 86.38% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

AVAV has been the subject of a number of research analyst reports. Alembic Global Advisors upgraded shares of AeroVironment from a “neutral” rating to an “overweight” rating and set a $216.00 price objective for the company in a research report on Wednesday, August 28th. Raymond James lowered shares of AeroVironment from an “outperform” rating to a “market perform” rating in a research note on Monday, September 16th. Royal Bank of Canada cut their price objective on AeroVironment from $230.00 to $215.00 and set an “outperform” rating for the company in a research note on Thursday, September 5th. Jefferies Financial Group cut AeroVironment from a “buy” rating to a “hold” rating and set a $240.00 target price for the company. in a report on Tuesday. Finally, Baird R W raised AeroVironment from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, August 28th. Two investment analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, AeroVironment currently has an average rating of “Moderate Buy” and a consensus price target of $213.50.

Insider Transactions at AeroVironment

In related news, CFO Kevin Patrick Mcdonnell sold 508 shares of the firm’s stock in a transaction dated Friday, November 1st. The shares were sold at an average price of $216.65, for a total transaction of $110,058.20. Following the completion of the sale, the chief financial officer now directly owns 16,868 shares in the company, valued at approximately $3,654,452.20. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders have sold a total of 1,782 shares of company stock worth $372,615 in the last quarter. Company insiders own 1.27% of the company’s stock.

AeroVironment Trading Down 0.2 %

AVAV opened at $217.56 on Thursday. The firm has a market capitalization of $6.14 billion, a price-to-earnings ratio of 102.14 and a beta of 0.49. The company’s 50 day simple moving average is $205.33 and its two-hundred day simple moving average is $192.61. AeroVironment, Inc. has a 1-year low of $116.51 and a 1-year high of $236.60. The company has a debt-to-equity ratio of 0.01, a current ratio of 4.26 and a quick ratio of 3.04.

AeroVironment (NASDAQ:AVAV) last announced its quarterly earnings data on Wednesday, September 4th. The aerospace company reported $0.89 EPS for the quarter, topping analysts’ consensus estimates of $0.61 by $0.28. The firm had revenue of $189.48 million for the quarter, compared to the consensus estimate of $183.18 million. AeroVironment had a return on equity of 9.87% and a net margin of 7.82%. The firm’s revenue was up 24.4% compared to the same quarter last year. During the same quarter last year, the business posted $1.00 earnings per share. Analysts expect that AeroVironment, Inc. will post 3.36 EPS for the current fiscal year.

AeroVironment Company 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.