Leavell Investment Management Inc. Invests $387,000 in AeroVironment, Inc. (NASDAQ:AVAV)

Leavell Investment Management Inc. bought a new stake in shares of AeroVironment, Inc. (NASDAQ:AVAV) in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 1,929 shares of the aerospace company’s stock, valued at approximately $387,000.

Several other hedge funds also recently added to or reduced their stakes in AVAV. Security National Bank acquired a new position in shares of AeroVironment in the 3rd quarter valued at about $31,000. Canada Pension Plan Investment Board purchased a new position in AeroVironment during the second quarter valued at approximately $36,000. Arcadia Investment Management Corp MI lifted its holdings in AeroVironment by 23.1% in the third quarter. Arcadia Investment Management Corp MI now owns 400 shares of the aerospace company’s stock valued at $80,000 after acquiring an additional 75 shares during the period. NBC Securities Inc. boosted its position in AeroVironment by 47.4% in the 3rd quarter. NBC Securities Inc. now owns 432 shares of the aerospace company’s stock worth $86,000 after purchasing an additional 139 shares in the last quarter. Finally, DT Investment Partners LLC acquired a new stake in shares of AeroVironment during the 2nd quarter worth approximately $95,000. 86.38% of the stock is owned by hedge funds and other institutional investors.

AeroVironment Trading Up 1.9 %

AVAV stock opened at $227.87 on Monday. The business’s 50-day moving average is $203.71 and its 200 day moving average is $191.45. AeroVironment, Inc. has a 12-month low of $116.51 and a 12-month high of $232.00. The stock has a market cap of $6.43 billion, a price-to-earnings ratio of 106.98 and a beta of 0.49. The company has a current ratio of 4.26, a quick ratio of 3.04 and a debt-to-equity ratio of 0.01.

AeroVironment (NASDAQ:AVAV) last released its earnings results on Wednesday, September 4th. The aerospace company reported $0.89 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.61 by $0.28. The business had revenue of $189.48 million during the quarter, compared to analyst estimates of $183.18 million. AeroVironment had a net margin of 7.82% and a return on equity of 9.87%. The company’s revenue for the quarter was up 24.4% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.00 earnings per share. On average, sell-side analysts anticipate that AeroVironment, Inc. will post 3.36 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, CFO Kevin Patrick Mcdonnell sold 508 shares of the company’s stock in a transaction that occurred on Friday, November 1st. The stock was sold at an average price of $216.65, for a total value of $110,058.20. Following the completion of the sale, the chief financial officer now directly owns 16,868 shares in the company, valued at $3,654,452.20. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders have sold 1,782 shares of company stock valued at $372,615 in the last ninety days. 1.27% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

AVAV has been the topic of a number of recent analyst reports. Raymond James downgraded shares of AeroVironment from an “outperform” rating to a “market perform” rating in a report on Monday, September 16th. Baird R W upgraded AeroVironment from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, August 28th. Alembic Global Advisors raised AeroVironment from a “neutral” rating to an “overweight” rating and set a $216.00 price target for the company in a report on Wednesday, August 28th. Royal Bank of Canada lowered their price target on AeroVironment from $230.00 to $215.00 and set an “outperform” rating on the stock in a research report on Thursday, September 5th. Finally, Robert W. Baird upgraded AeroVironment from a “neutral” rating to an “outperform” rating and boosted their price objective for the company from $161.00 to $220.00 in a research report on Wednesday, August 28th. One investment analyst has rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, AeroVironment currently has a consensus rating of “Buy” and an average target price of $208.20.

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.