AeroVironment, Inc. (AVAV) Position Maintained by Teachers Retirement System of The State of Kentucky

Teachers Retirement System of The State of Kentucky held its stake in shares of AeroVironment, Inc. (NASDAQ:AVAV) during the 2nd quarter, according to the company in its most recent filing with the SEC. The firm owned 4,300 shares of the aerospace company’s stock at the close of the 2nd quarter. Teachers Retirement System of The State of Kentucky’s holdings in AeroVironment were worth $164,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Sei Investments Co. raised its position in shares of AeroVironment by 1.8% during the 2nd quarter. Sei Investments Co. now owns 3,450 shares of the aerospace company’s stock valued at $132,000 after buying an additional 61 shares in the last quarter. State of Alaska Department of Revenue raised its position in shares of AeroVironment by 78.6% during the 2nd quarter. State of Alaska Department of Revenue now owns 4,073 shares of the aerospace company’s stock valued at $155,000 after buying an additional 1,793 shares in the last quarter. Municipal Employees Retirement System of Michigan raised its position in shares of AeroVironment by 3.2% during the 2nd quarter. Municipal Employees Retirement System of Michigan now owns 4,850 shares of the aerospace company’s stock valued at $185,000 after buying an additional 150 shares in the last quarter. PNC Financial Services Group Inc. raised its position in shares of AeroVironment by 0.8% during the 1st quarter. PNC Financial Services Group Inc. now owns 4,860 shares of the aerospace company’s stock valued at $136,000 after buying an additional 38 shares in the last quarter. Finally, Eqis Capital Management Inc. raised its position in shares of AeroVironment by 4.1% during the 2nd quarter. Eqis Capital Management Inc. now owns 7,831 shares of the aerospace company’s stock valued at $299,000 after buying an additional 311 shares in the last quarter. Hedge funds and other institutional investors own 77.68% of the company’s stock.

In other AeroVironment news, Chairman Timothy E. Conver sold 2,000 shares of AeroVironment stock in a transaction dated Thursday, October 5th. The shares were sold at an average price of $53.91, for a total transaction of $107,820.00. Following the transaction, the chairman now directly owns 58,138 shares of the company’s stock, valued at $3,134,219.58. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Chairman Timothy E. Conver sold 7,600 shares of AeroVironment stock in a transaction dated Thursday, October 19th. The stock was sold at an average price of $51.12, for a total transaction of $388,512.00. Following the transaction, the chairman now directly owns 58,138 shares in the company, valued at $2,972,014.56. The disclosure for this sale can be found here. Insiders have sold 47,600 shares of company stock worth $2,260,596 over the last 90 days. 11.00% of the stock is currently owned by company insiders.

Shares of AeroVironment, Inc. (AVAV) opened at 51.38 on Monday. The stock has a market capitalization of $1.20 billion, a PE ratio of 60.52 and a beta of 1.29. The stock’s 50 day moving average is $52.17 and its 200 day moving average is $39.18. AeroVironment, Inc. has a 12 month low of $23.40 and a 12 month high of $55.75.

AeroVironment (NASDAQ:AVAV) last posted its quarterly earnings results on Tuesday, August 29th. The aerospace company reported ($0.19) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.34) by $0.15. The firm had revenue of $43.80 million for the quarter, compared to analyst estimates of $42.44 million. AeroVironment had a net margin of 7.22% and a return on equity of 5.40%. AeroVironment’s quarterly revenue was up 21.0% on a year-over-year basis. During the same period in the previous year, the business posted ($0.51) earnings per share. Analysts anticipate that AeroVironment, Inc. will post $0.61 earnings per share for the current fiscal year.

AVAV has been the topic of several recent research reports. Robert W. Baird restated a “hold” rating and set a $35.00 target price on shares of AeroVironment in a research report on Monday, August 28th. Piper Jaffray Companies cut shares of AeroVironment from an “overweight” rating to a “neutral” rating and upped their target price for the company from $30.00 to $35.00 in a research report on Monday, July 3rd. Canaccord Genuity upped their target price on shares of AeroVironment from $35.00 to $40.00 and gave the company a “hold” rating in a research report on Wednesday, August 30th. Jefferies Group LLC upped their target price on shares of AeroVironment from $29.00 to $37.00 and gave the company a “hold” rating in a research report on Wednesday, August 30th. Finally, BidaskClub cut shares of AeroVironment from a “strong-buy” rating to a “buy” rating in a research report on Friday, July 28th. Six equities research analysts have rated the stock with a hold rating, The stock has a consensus rating of “Hold” and a consensus target price of $39.00.

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AeroVironment Profile

AeroVironment, Inc designs, develops, produces, supports and operates a portfolio of products and services for government agencies, businesses and consumers. The Company operates through two segments: Unmanned Aircraft Systems (UAS), which focuses primarily on the design, development, production, support and operation of UAS and tactical missile systems that provide situational awareness, multi-band communications, force protection and other mission effects, and Efficient Energy Systems (EES), which focuses primarily on the design, development, production, marketing, support and operation of electric energy systems.

Institutional Ownership by Quarter for AeroVironment (NASDAQ:AVAV)

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