Cwm LLC Reduces Holdings in AeroVironment, Inc. (NASDAQ:AVAV)

Cwm LLC lowered its position in shares of AeroVironment, Inc. (NASDAQ:AVAV) by 4.5% during the fourth quarter, HoldingsChannel reports. The firm owned 45,484 shares of the aerospace company’s stock after selling 2,152 shares during the period. Cwm LLC’s holdings in AeroVironment were worth $5,733,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. RiverPark Advisors LLC raised its stake in shares of AeroVironment by 77.2% during the fourth quarter. RiverPark Advisors LLC now owns 388 shares of the aerospace company’s stock valued at $49,000 after purchasing an additional 169 shares during the period. Householder Group Estate & Retirement Specialist LLC purchased a new stake in shares of AeroVironment during the fourth quarter valued at approximately $69,000. IFP Advisors Inc raised its stake in shares of AeroVironment by 19.5% during the third quarter. IFP Advisors Inc now owns 581 shares of the aerospace company’s stock valued at $65,000 after purchasing an additional 95 shares during the period. Strs Ohio purchased a new stake in shares of AeroVironment during the third quarter valued at approximately $133,000. Finally, Allspring Global Investments Holdings LLC raised its stake in shares of AeroVironment by 50.9% during the third quarter. Allspring Global Investments Holdings LLC now owns 1,206 shares of the aerospace company’s stock valued at $135,000 after purchasing an additional 407 shares during the period. Hedge funds and other institutional investors own 86.38% of the company’s stock.

AeroVironment Stock Up 5.7 %

Shares of NASDAQ:AVAV opened at $158.30 on Wednesday. The company has a current ratio of 4.66, a quick ratio of 3.16 and a debt-to-equity ratio of 0.04. AeroVironment, Inc. has a 12-month low of $88.24 and a 12-month high of $184.61. The company has a fifty day simple moving average of $145.38 and a 200 day simple moving average of $131.24. The firm has a market cap of $4.45 billion, a PE ratio of -36.73 and a beta of 0.44.

AeroVironment (NASDAQ:AVAV) last released its earnings results on Monday, March 4th. The aerospace company reported $0.63 earnings per share for the quarter, beating the consensus estimate of $0.33 by $0.30. AeroVironment had a negative net margin of 15.14% and a positive return on equity of 13.93%. The firm had revenue of $186.60 million during the quarter, compared to analyst estimates of $170.62 million. During the same quarter in the previous year, the firm earned $0.33 earnings per share. The firm’s revenue for the quarter was up 38.8% compared to the same quarter last year. On average, equities research analysts anticipate that AeroVironment, Inc. will post 2.8 EPS for the current fiscal year.

Insider Buying and Selling at AeroVironment

In other AeroVironment news, SVP Melissa Ann Brown sold 1,000 shares of the business’s stock in a transaction on Thursday, March 7th. The shares were sold at an average price of $176.77, for a total transaction of $176,770.00. Following the completion of the sale, the senior vice president now owns 12,339 shares in the company, valued at $2,181,165.03. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other news, SVP Melissa Ann Brown sold 1,000 shares of the business’s stock in a transaction on Thursday, March 7th. The shares were sold at an average price of $176.77, for a total transaction of $176,770.00. Following the completion of the transaction, the senior vice president now owns 12,339 shares of the company’s stock, valued at $2,181,165.03. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, VP Trace E. Stevenson sold 1,913 shares of the company’s stock in a transaction dated Thursday, March 7th. The stock was sold at an average price of $183.00, for a total transaction of $350,079.00. Following the completion of the sale, the vice president now directly owns 2,570 shares of the company’s stock, valued at approximately $470,310. The disclosure for this sale can be found here. 1.40% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on AVAV shares. William Blair restated an “outperform” rating on shares of AeroVironment in a research note on Tuesday, March 5th. Robert W. Baird restated a “neutral” rating and issued a $161.00 price target on shares of AeroVironment in a research note on Friday, March 8th. Finally, Royal Bank of Canada lifted their price target on shares of AeroVironment from $160.00 to $165.00 and gave the stock an “outperform” rating in a research note on Friday, April 5th. Three research analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $140.20.

AeroVironment 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.