Amalgamated Bank lessened its stake in AeroVironment, Inc. (NASDAQ:AVAV – Get Rating) by 4.9% during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 11,253 shares of the aerospace company's stock after selling 583 shares during the quarter. Amalgamated Bank's holdings in AeroVironment were worth $1,059,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Antonetti Capital Management LLC purchased a new position in shares of AeroVironment in the fourth quarter worth $27,000. Stephens Inc. AR bought a new stake in AeroVironment in the first quarter worth $36,000. Point72 Hong Kong Ltd bought a new stake in AeroVironment in the fourth quarter worth $39,000. Lazard Asset Management LLC bought a new stake in AeroVironment in the first quarter worth $47,000. Finally, Nisa Investment Advisors LLC bought a new stake in AeroVironment in the first quarter worth $55,000. Hedge funds and other institutional investors own 88.40% of the company's stock.

Analyst Upgrades and Downgrades

AVAV has been the topic of several research reports. Royal Bank of Canada boosted their price target on shares of AeroVironment from $100.00 to $115.00 in a research report on Monday, August 22nd. Canaccord Genuity Group boosted their price objective on shares of AeroVironment from $85.00 to $90.00 and gave the company a "buy" rating in a research report on Wednesday, June 29th. Alembic Global Advisors upgraded shares of AeroVironment from a "neutral" rating to an "overweight" rating and set a $103.00 price objective on the stock in a research report on Friday, July 1st. StockNews.com upgraded shares of AeroVironment from a "sell" rating to a "hold" rating in a research report on Wednesday, August 31st. Finally, Canaccord Genuity Group boosted their price objective on shares of AeroVironment from $85.00 to $90.00 and gave the company a "buy" rating in a research report on Wednesday, June 29th. Four equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $89.00.

Insider Buying and Selling

AeroVironment Stock Up 4.2 %

Shares of AVAV opened at $87.34 on Thursday. The firm has a market capitalization of $2.18 billion, a P/E ratio of 1,747.15 and a beta of 0.50. AeroVironment, Inc. has a 12-month low of $52.03 and a 12-month high of $114.11. The company has a current ratio of 3.73, a quick ratio of 2.70 and a debt-to-equity ratio of 0.29. The firm has a fifty day moving average price of $91.74 and a 200-day moving average price of $89.56.

AeroVironment (NASDAQ:AVAV – Get Rating) last issued its earnings results on Wednesday, September 7th. The aerospace company reported ($0.10) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.09 by ($0.19). The company had revenue of $108.52 million for the quarter, compared to analysts' expectations of $103.41 million. AeroVironment had a net margin of 0.31% and a return on equity of 5.39%. The firm's revenue for the quarter was up 7.4% compared to the same quarter last year. During the same period in the prior year, the firm posted ($0.17) earnings per share. Equities research analysts expect that AeroVironment, Inc. will post 1.56 earnings per share for the current year.

AeroVironment Profile

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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 four segments: Unmanned Aircraft Systems (UAS), Tactical Missile System (TMS), Medium Unmanned Aircraft Systems (MUAS), and High Altitude Pseudo-Satellite Systems (HAPS).

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