KRS Capital Management LLC Buys 544 Shares of AeroVironment, Inc. (NASDAQ:AVAV)

KRS Capital Management LLC raised its stake in AeroVironment, Inc. (NASDAQ:AVAV) by 33.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 2,171 shares of the aerospace company’s stock after acquiring an additional 544 shares during the quarter. KRS Capital Management LLC’s holdings in AeroVironment were worth $334,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Franklin Resources Inc. grew its position in shares of AeroVironment by 299.4% during the 3rd quarter. Franklin Resources Inc. now owns 4,821 shares of the aerospace company’s stock worth $1,037,000 after purchasing an additional 3,614 shares in the last quarter. Driehaus Capital Management LLC boosted its position in shares of AeroVironment by 120.6% during the 2nd quarter. Driehaus Capital Management LLC now owns 136,603 shares of the aerospace company’s stock worth $24,884,000 after acquiring an additional 74,672 shares in the last quarter. Intech Investment Management LLC acquired a new stake in shares of AeroVironment during the 2nd quarter worth approximately $1,179,000. Foundations Investment Advisors LLC acquired a new stake in shares of AeroVironment during the 3rd quarter worth approximately $271,000. Finally, MML Investors Services LLC boosted its position in shares of AeroVironment by 85.0% during the 3rd quarter. MML Investors Services LLC now owns 4,395 shares of the aerospace company’s stock worth $881,000 after acquiring an additional 2,019 shares in the last quarter. Institutional investors and hedge funds own 86.38% of the company’s stock.

Insider Activity

In related news, CFO Kevin Patrick Mcdonnell sold 396 shares of AeroVironment stock in a transaction on Monday, December 2nd. The shares were sold at an average price of $198.73, for a total transaction of $78,697.08. Following the completion of the transaction, the chief financial officer now owns 16,472 shares of the company’s stock, valued at $3,273,480.56. This trade represents 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 the SEC website. Insiders own 1.27% of the company’s stock.

AeroVironment Trading Up 2.0 %

Shares of AVAV stock traded up $3.35 during trading hours on Friday, hitting $168.74. 317,423 shares of the company’s stock traded hands, compared to its average volume of 430,256. The stock’s 50 day simple moving average is $175.30 and its 200 day simple moving average is $185.56. The stock has a market cap of $4.76 billion, a PE ratio of 96.98 and a beta of 0.50. 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.

AeroVironment (NASDAQ:AVAV) last released its quarterly earnings results on Wednesday, December 4th. The aerospace company reported $0.47 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.76 by ($0.29). The business had revenue of $188.46 million for the quarter, compared to the consensus estimate 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 in the previous year, the business posted $0.97 EPS. On average, sell-side analysts anticipate that AeroVironment, Inc. will post 3.38 EPS for the current year.

Wall Street Analysts Forecast Growth

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

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.