Mutual of America Capital Management LLC bought a new stake in shares of AeroVironment, Inc. (NASDAQ:AVAV) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 36,600 shares of the aerospace company’s stock, valued at approximately $2,055,000.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. BlackRock Inc. lifted its stake in shares of AeroVironment by 3.6% during the 2nd quarter. BlackRock Inc. now owns 3,333,627 shares of the aerospace company’s stock valued at $127,344,000 after buying an additional 116,654 shares in the last quarter. Vanguard Group Inc. lifted its stake in shares of AeroVironment by 3.7% during the 2nd quarter. Vanguard Group Inc. now owns 1,929,825 shares of the aerospace company’s stock valued at $73,719,000 after buying an additional 68,232 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in shares of AeroVironment by 3.1% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,490,349 shares of the aerospace company’s stock valued at $56,930,000 after buying an additional 44,670 shares in the last quarter. American Capital Management Inc. lifted its stake in shares of AeroVironment by 9.7% during the 4th quarter. American Capital Management Inc. now owns 1,441,771 shares of the aerospace company’s stock valued at $80,970,000 after buying an additional 127,619 shares in the last quarter. Finally, Janus Henderson Group PLC purchased a new position in shares of AeroVironment during the 2nd quarter valued at $39,724,000. Institutional investors own 74.20% of the company’s stock.
In other news, Chairman Timothy E. Conver sold 3,800 shares of the business’s stock in a transaction dated Wednesday, December 27th. The shares were sold at an average price of $56.90, for a total value of $216,220.00. Following the sale, the chairman now directly owns 58,138 shares in the company, valued at approximately $3,308,052.20. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Chairman Timothy E. Conver sold 7,600 shares of the business’s stock in a transaction dated Friday, December 15th. The stock was sold at an average price of $55.27, for a total transaction of $420,052.00. Following the completion of the sale, the chairman now owns 58,138 shares in the company, valued at $3,213,287.26. The disclosure for this sale can be found here. Over the last quarter, insiders sold 49,400 shares of company stock worth $2,578,300. 11.00% of the stock is currently owned by insiders.
AeroVironment (NASDAQ:AVAV) last announced its quarterly earnings results on Tuesday, December 5th. The aerospace company reported $0.29 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.01) by $0.30. The company had revenue of $73.83 million for the quarter, compared to the consensus estimate of $63.53 million. AeroVironment had a net margin of 10.42% and a return on equity of 8.23%. AeroVironment’s revenue for the quarter was up 47.3% compared to the same quarter last year. During the same period in the previous year, the firm posted ($0.18) EPS. equities analysts expect that AeroVironment, Inc. will post 0.7 EPS for the current year.
A number of research analysts recently weighed in on the stock. BidaskClub cut shares of AeroVironment from a “sell” rating to a “strong sell” rating in a research note on Wednesday, December 27th. Zacks Investment Research upgraded shares of AeroVironment from a “hold” rating to a “strong-buy” rating and set a $64.00 price target on the stock in a report on Friday, December 8th. Canaccord Genuity reiterated a “hold” rating and issued a $50.00 price target on shares of AeroVironment in a report on Thursday, December 14th. TheStreet upgraded shares of AeroVironment from a “c+” rating to a “b” rating in a report on Friday, December 8th. Finally, Robert W. Baird reiterated a “hold” rating and issued a $35.00 price target on shares of AeroVironment in a report on Tuesday, October 24th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and one has given a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $42.40.
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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.
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