Oppenheimer & Co. Inc. Cuts Stock Holdings in AeroVironment, Inc. (NASDAQ:AVAV)

Oppenheimer & Co. Inc. trimmed its stake in shares of AeroVironment, Inc. (NASDAQ:AVAVGet Rating) by 37.3% in the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 2,525 shares of the aerospace company’s stock after selling 1,502 shares during the period. Oppenheimer & Co. Inc.’s holdings in AeroVironment were worth $208,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of AVAV. Texas Permanent School Fund lifted its position in AeroVironment by 2.4% during the second quarter. Texas Permanent School Fund now owns 16,747 shares of the aerospace company’s stock valued at $1,377,000 after purchasing an additional 387 shares during the last quarter. Halbert Hargrove Global Advisors LLC bought a new position in AeroVironment during the second quarter valued at $278,000. OLD Mission Capital LLC bought a new position in AeroVironment during the second quarter valued at $568,000. Hanseatic Management Services Inc. bought a new position in AeroVironment during the second quarter valued at $462,000. Finally, State of New Jersey Common Pension Fund D bought a new position in AeroVironment during the second quarter valued at $2,209,000. 88.40% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms have commented on AVAV. Canaccord Genuity Group increased their price objective on shares of AeroVironment from $100.00 to $105.00 and gave the company a “buy” rating in a research report on Friday. Canaccord Genuity Group raised their target price on shares of AeroVironment from $100.00 to $105.00 and gave the stock a “buy” rating in a report on Friday. StockNews.com assumed coverage on shares of AeroVironment in a report on Wednesday, October 12th. They issued a “hold” rating for the company. Raymond James upgraded shares of AeroVironment from a “market perform” rating to an “outperform” rating and set a $100.00 target price for the company in a report on Thursday, November 10th. Finally, Royal Bank of Canada raised their target price on shares of AeroVironment from $100.00 to $115.00 in a report on Monday, August 22nd. Four investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $94.13.

AeroVironment Trading Up 2.5 %

NASDAQ AVAV opened at $92.73 on Friday. The company has a debt-to-equity ratio of 0.29, a quick ratio of 2.70 and a current ratio of 3.73. The company has a market capitalization of $2.32 billion, a price-to-earnings ratio of 1,854.97 and a beta of 0.54. The company’s 50-day simple moving average is $86.25 and its two-hundred day simple moving average is $86.92. AeroVironment, Inc. has a one year low of $52.03 and a one year high of $114.11.

AeroVironment (NASDAQ:AVAVGet Rating) last posted its earnings results on Wednesday, September 7th. The aerospace company reported ($0.10) EPS for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.19). AeroVironment had a net margin of 0.31% and a return on equity of 5.39%. The business had revenue of $108.52 million for the quarter, compared to analysts’ expectations of $103.41 million. During the same period last year, the business posted ($0.17) EPS. The company’s revenue for the quarter was up 7.4% on a year-over-year basis. Equities analysts forecast that AeroVironment, Inc. will post 1.63 EPS for the current fiscal year.

Insider Transactions at AeroVironment

In other news, CAO Brian Charles Shackley sold 500 shares of AeroVironment stock in a transaction that occurred on Monday, September 12th. The shares were sold at an average price of $100.39, for a total value of $50,195.00. Following the transaction, the chief accounting officer now owns 3,382 shares of the company’s stock, valued at approximately $339,518.98. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In related news, Director Charles Thomas Burbage sold 7,324 shares of AeroVironment stock in a transaction that occurred on Thursday, September 15th. The shares were sold at an average price of $94.68, for a total value of $693,436.32. Following the completion of the sale, the director now directly owns 47,602 shares in the company, valued at approximately $4,506,957.36. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Brian Charles Shackley sold 500 shares of AeroVironment stock in a transaction that occurred on Monday, September 12th. The stock was sold at an average price of $100.39, for a total transaction of $50,195.00. Following the completion of the sale, the chief accounting officer now owns 3,382 shares of the company’s stock, valued at $339,518.98. The disclosure for this sale can be found here. Insiders own 1.80% of the company’s stock.

AeroVironment Profile

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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 four segments: Unmanned Aircraft Systems (UAS), Tactical Missile System (TMS), Medium Unmanned Aircraft Systems (MUAS), and High Altitude Pseudo-Satellite Systems (HAPS).

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Institutional Ownership by Quarter for AeroVironment (NASDAQ:AVAV)

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