AeroVironment, Inc. $AVAV Shares Sold by Oak Ridge Investments LLC

Oak Ridge Investments LLC lowered its position in AeroVironment, Inc. (NASDAQ:AVAV) by 3.8% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,018 shares of the aerospace company’s stock after selling 356 shares during the quarter. Oak Ridge Investments LLC’s holdings in AeroVironment were worth $2,570,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in AVAV. Fifth Third Wealth Advisors LLC bought a new stake in shares of AeroVironment in the 2nd quarter worth about $290,000. Folger Nolan Fleming Douglas Capital Management Inc. bought a new stake in shares of AeroVironment in the 2nd quarter worth about $285,000. Total Wealth Planning & Management Inc. bought a new stake in shares of AeroVironment in the 2nd quarter worth about $480,000. Stiles Financial Services Inc bought a new stake in shares of AeroVironment in the 2nd quarter worth about $209,000. Finally, Moseley Investment Management Inc. bought a new stake in shares of AeroVironment in the 2nd quarter worth about $280,000. Institutional investors and hedge funds own 86.38% of the company’s stock.

AeroVironment Price Performance

Shares of NASDAQ:AVAV opened at $392.29 on Friday. The company has a quick ratio of 5.12, a current ratio of 5.96 and a debt-to-equity ratio of 0.16. AeroVironment, Inc. has a fifty-two week low of $102.25 and a fifty-two week high of $417.86. The firm has a 50-day simple moving average of $277.35 and a 200 day simple moving average of $220.37. The company has a market cap of $19.59 billion, a PE ratio of -612.94, a P/E/G ratio of 6.65 and a beta of 0.99.

AeroVironment (NASDAQ:AVAV) last posted its earnings results on Monday, August 28th. The aerospace company reported $0.12 earnings per share (EPS) for the quarter. The firm had revenue of $132.62 million during the quarter. AeroVironment had a negative net margin of 4.14% and a positive return on equity of 4.67%. On average, sell-side analysts anticipate that AeroVironment, Inc. will post 3.38 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the stock. BTIG Research boosted their target price on shares of AeroVironment from $300.00 to $415.00 and gave the stock a “buy” rating in a research report on Friday, October 3rd. New Street Research set a $365.00 target price on shares of AeroVironment in a research report on Wednesday, October 1st. Oppenheimer reissued an “outperform” rating on shares of AeroVironment in a research report on Sunday, June 29th. Cantor Fitzgerald assumed coverage on shares of AeroVironment in a research report on Tuesday, July 8th. They issued an “overweight” rating and a $335.00 target price for the company. Finally, William Blair reaffirmed an “outperform” rating on shares of AeroVironment in a research report on Tuesday, September 16th. Two analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of “Buy” and an average target price of $356.07.

Insider Transactions at AeroVironment

In other AeroVironment news, CEO Wahid Nawabi sold 17,300 shares of the business’s stock in a transaction dated Wednesday, July 16th. The shares were sold at an average price of $263.05, for a total transaction of $4,550,765.00. Following the completion of the transaction, the chief executive officer directly owned 122,233 shares of the company’s stock, valued at $32,153,390.65. The trade was a 12.40% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Trace E. Stevenson sold 1,717 shares of the business’s stock in a transaction dated Monday, October 6th. The shares were sold at an average price of $381.00, for a total transaction of $654,177.00. Following the transaction, the insider directly owned 4,907 shares of the company’s stock, valued at $1,869,567. The trade was a 25.92% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.81% of the company’s stock.

About AeroVironment

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.