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.
Get
AeroVironment alerts:
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
In related news, Director Charles Thomas Burbage sold 7,324 shares of the company's stock in a transaction dated Thursday, September 15th. The shares were sold at an average price of $94.68, for a total value of $693,436.32. Following the completion of the sale, the director now directly owns 47,602 shares of the company's stock, valued at $4,506,957.36. The transaction was disclosed in a legal filing with the SEC, which can be accessed through
this hyperlink. In related news, Director Charles R. Holland sold 4,001 shares of the company's stock in a transaction dated Thursday, July 7th. The shares were sold at an average price of $84.20, for a total value of $336,884.20. Following the completion of the sale, the director now directly owns 56,998 shares of the company's stock, valued at $4,799,231.60. The transaction was disclosed in a legal filing with the SEC, which can be accessed through
this hyperlink. Also, Director Charles Thomas Burbage sold 7,324 shares of the company's stock in a transaction dated Thursday, September 15th. The stock was sold at an average price of $94.68, for a total transaction of $693,436.32. Following the completion of the sale, the director now directly owns 47,602 shares of the company's stock, valued at $4,506,957.36. The disclosure for this sale can be found
here. Insiders sold a total of 14,826 shares of company stock valued at $1,323,206 over the last three months. 1.80% of the stock is owned by company insiders.
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
(Get Rating)
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).
Read More
- Get a free copy of the StockNews.com research report on AeroVironment (AVAV)
- This Little Known Small Cap Is Up 139%: Is The Stock A Buy?
- A Trio of Q3 Winners With Room to Run
- Can HCA Healthcare Weather the Normalization?
- Can United Natural Foods Fight Both Inflation and the Fed?
- Mullen Automotive Is Ready To Get In Gear
Want to see what other hedge funds are holding AVAV? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for AeroVironment, Inc. (NASDAQ:AVAV – Get Rating).
Receive News & Ratings for AeroVironment Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for AeroVironment and related companies with MarketBeat.com's FREE daily email newsletter.
