AeroVironment, Inc. (NASDAQ:AVAV) Shares Bought by Traynor Capital Management Inc.

Traynor Capital Management Inc. grew its holdings in AeroVironment, Inc. (NASDAQ:AVAV) by 22.1% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 30,729 shares of the aerospace company’s stock after buying an additional 5,564 shares during the period. Traynor Capital Management Inc.’s holdings in AeroVironment were worth $4,729,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also modified their holdings of the company. Security National Bank acquired a new stake in AeroVironment in the 3rd quarter valued at about $31,000. Canada Pension Plan Investment Board acquired a new position in shares of AeroVironment during the 2nd quarter valued at about $36,000. Modus Advisors LLC purchased a new stake in shares of AeroVironment in the 4th quarter valued at approximately $31,000. Truvestments Capital LLC purchased a new position in AeroVironment in the third quarter worth approximately $62,000. Finally, Avior Wealth Management LLC grew its holdings in shares of AeroVironment by 51.0% during 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. 86.38% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at AeroVironment

In other news, CFO Kevin Patrick Mcdonnell sold 508 shares of the firm’s stock in a transaction on Friday, November 1st. The shares were sold at an average price of $216.65, for a total value of $110,058.20. Following the completion of the sale, the chief financial officer now owns 16,868 shares in the company, valued at approximately $3,654,452.20. This trade represents a 2.92 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.27% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on AVAV. Jefferies Financial Group upgraded shares of AeroVironment from a “hold” rating to a “buy” rating and dropped their target price for the company from $240.00 to $230.00 in a report on Wednesday, November 20th. William Blair reaffirmed an “outperform” rating on shares of AeroVironment in a research report on Thursday, December 5th. One analyst has rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus target price of $225.20.

AeroVironment Trading Up 0.2 %

NASDAQ:AVAV opened at $177.88 on Thursday. AeroVironment, Inc. has a 1 year low of $119.46 and a 1 year high of $236.60. The stock has a market cap of $5.02 billion, a P/E ratio of 102.23 and a beta of 0.50. The company has a debt-to-equity ratio of 0.02, a quick ratio of 3.36 and a current ratio of 4.61. The stock has a 50-day simple moving average of $172.37 and a 200-day simple moving average of $185.76.

AeroVironment (NASDAQ:AVAV) last announced its quarterly earnings results on Wednesday, December 4th. The aerospace company reported $0.47 earnings per share for the quarter, missing analysts’ consensus estimates of $0.76 by ($0.29). The company had revenue of $188.46 million during the quarter, compared to analysts’ expectations of $181.80 million. AeroVironment had a net margin of 6.39% and a return on equity of 8.12%. AeroVironment’s revenue was up 4.2% on a year-over-year basis. During the same period last year, the firm earned $0.97 earnings per share. As a group, analysts anticipate that AeroVironment, Inc. will post 3.38 earnings per share 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.