Oak Ridge Investments LLC Has $1.48 Million Position in AeroVironment, Inc. (NASDAQ:AVAV)

Oak Ridge Investments LLC trimmed its position in AeroVironment, Inc. (NASDAQ:AVAV) by 3.2% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 9,586 shares of the aerospace company’s stock after selling 317 shares during the period. Oak Ridge Investments LLC’s holdings in AeroVironment were worth $1,475,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Baillie Gifford & Co. raised its holdings in AeroVironment by 29.1% in the third quarter. Baillie Gifford & Co. now owns 1,951,393 shares of the aerospace company’s stock worth $391,254,000 after purchasing an additional 439,717 shares during the period. State Street Corp lifted its holdings in AeroVironment by 0.5% during the third quarter. State Street Corp now owns 1,582,871 shares of the aerospace company’s stock worth $317,366,000 after acquiring an additional 7,471 shares in the last quarter. Geode Capital Management LLC lifted its holdings in AeroVironment by 0.8% during the third quarter. Geode Capital Management LLC now owns 634,189 shares of the aerospace company’s stock worth $127,180,000 after acquiring an additional 4,948 shares in the last quarter. Heard Capital LLC grew its stake in AeroVironment by 25.5% in the third quarter. Heard Capital LLC now owns 592,136 shares of the aerospace company’s stock valued at $118,723,000 after acquiring an additional 120,447 shares during the period. Finally, Wellington Management Group LLP increased its holdings in shares of AeroVironment by 155.1% in the third quarter. Wellington Management Group LLP now owns 321,479 shares of the aerospace company’s stock worth $64,457,000 after acquiring an additional 195,443 shares in the last quarter. Institutional investors own 86.38% of the company’s stock.

Analyst Upgrades and Downgrades

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

AeroVironment Trading Up 2.0 %

NASDAQ AVAV opened at $168.74 on Friday. AeroVironment, Inc. has a 52 week low of $119.46 and a 52 week high of $236.60. The company has a debt-to-equity ratio of 0.02, a quick ratio of 3.36 and a current ratio of 4.61. The stock’s 50 day moving average price is $175.30 and its two-hundred day moving average price is $185.66. The stock has a market capitalization of $4.76 billion, a price-to-earnings ratio of 96.98 and a beta of 0.50.

AeroVironment (NASDAQ:AVAV) last announced its earnings results on Wednesday, December 4th. The aerospace company reported $0.47 EPS for the quarter, missing the consensus estimate of $0.76 by ($0.29). AeroVironment had a return on equity of 8.12% and a net margin of 6.39%. The business had revenue of $188.46 million for the quarter, compared to analyst estimates of $181.80 million. During the same quarter in the previous year, the company posted $0.97 EPS. The business’s revenue for the quarter was up 4.2% compared to the same quarter last year. As a group, analysts anticipate that AeroVironment, Inc. will post 3.38 earnings per share for the current fiscal year.

Insider Activity at AeroVironment

In other news, CFO Kevin Patrick Mcdonnell sold 396 shares of the stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $198.73, for a total value of $78,697.08. Following the completion of the sale, the chief financial officer now owns 16,472 shares of the company’s stock, valued at approximately $3,273,480.56. This represents a 2.35 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 1.27% of the stock is owned by company insiders.

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.