Arcadia Investment Management Corp MI Purchases 100 Shares of AeroVironment, Inc. (NASDAQ:AVAV)

Arcadia Investment Management Corp MI grew its position in shares of AeroVironment, Inc. (NASDAQ:AVAV) by 44.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 327 shares of the aerospace company’s stock after buying an additional 100 shares during the quarter. Arcadia Investment Management Corp MI’s holdings in AeroVironment were worth $41,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of AVAV. Lord Abbett & CO. LLC increased its holdings in AeroVironment by 106.9% during the 3rd quarter. Lord Abbett & CO. LLC now owns 556,853 shares of the aerospace company’s stock valued at $62,106,000 after purchasing an additional 287,730 shares in the last quarter. Vanguard Group Inc. increased its stake in shares of AeroVironment by 7.9% in the third quarter. Vanguard Group Inc. now owns 2,860,954 shares of the aerospace company’s stock valued at $319,082,000 after buying an additional 209,359 shares in the last quarter. Victory Capital Management Inc. raised its holdings in shares of AeroVironment by 3,565.5% in the fourth quarter. Victory Capital Management Inc. now owns 171,288 shares of the aerospace company’s stock valued at $21,589,000 after buying an additional 166,615 shares during the last quarter. International Assets Investment Management LLC acquired a new position in AeroVironment during the 4th quarter worth about $20,287,000. Finally, Congress Asset Management Co. MA grew its holdings in AeroVironment by 17.2% during the 3rd quarter. Congress Asset Management Co. MA now owns 304,460 shares of the aerospace company’s stock worth $33,956,000 after acquiring an additional 44,748 shares during the last quarter. Institutional investors and hedge funds own 86.38% of the company’s stock.

Analyst Ratings Changes

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

AeroVironment Trading Up 3.2 %

AVAV stock traded up $5.87 during midday trading on Thursday, reaching $187.33. The company’s stock had a trading volume of 578,346 shares, compared to its average volume of 336,663. The business’s 50-day simple moving average is $155.69 and its 200-day simple moving average is $135.61. The company has a quick ratio of 3.16, a current ratio of 4.66 and a debt-to-equity ratio of 0.04. AeroVironment, Inc. has a 52 week low of $88.24 and a 52 week high of $190.12. The stock has a market cap of $5.27 billion, a PE ratio of -43.46 and a beta of 0.44.

AeroVironment (NASDAQ:AVAV) last posted its quarterly earnings results on Monday, March 4th. The aerospace company reported $0.63 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.33 by $0.30. AeroVironment had a positive return on equity of 13.93% and a negative net margin of 15.14%. The business had revenue of $186.60 million for the quarter, compared to analyst estimates of $170.62 million. During the same period last year, the company earned $0.33 EPS. The firm’s revenue was up 38.8% on a year-over-year basis. As a group, sell-side analysts expect that AeroVironment, Inc. will post 2.8 EPS for the current year.

Insiders Place Their Bets

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

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.