Bouvel Investment Partners LLC Sells 188 Shares of AeroVironment, Inc. (NASDAQ:AVAV)

Bouvel Investment Partners LLC cut its stake in AeroVironment, Inc. (NASDAQ:AVAV) by 1.1% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 17,108 shares of the aerospace company’s stock after selling 188 shares during the quarter. Bouvel Investment Partners LLC owned about 0.06% of AeroVironment worth $3,430,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in AVAV. UniSuper Management Pty Ltd purchased a new position in AeroVironment in the first quarter valued at about $854,000. Vanguard Group Inc. grew its position in shares of AeroVironment by 6.2% in the 1st quarter. Vanguard Group Inc. now owns 3,094,831 shares of the aerospace company’s stock worth $474,376,000 after buying an additional 179,395 shares during the last quarter. Natixis bought a new position in shares of AeroVironment during the 1st quarter worth approximately $924,000. Comerica Bank lifted its position in AeroVironment by 53.9% during the first quarter. Comerica Bank now owns 18,991 shares of the aerospace company’s stock valued at $2,911,000 after acquiring an additional 6,648 shares during the last quarter. Finally, Advisors Asset Management Inc. boosted its stake in AeroVironment by 37.1% in the first quarter. Advisors Asset Management Inc. now owns 14,636 shares of the aerospace company’s stock valued at $2,243,000 after acquiring an additional 3,958 shares in the last quarter. 86.38% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on AVAV shares. Alembic Global Advisors raised AeroVironment from a “neutral” rating to an “overweight” rating and set a $216.00 price target on the stock in a research report on Wednesday, August 28th. Raymond James lowered AeroVironment from an “outperform” rating to a “market perform” rating in a research report on Monday, September 16th. Robert W. Baird raised AeroVironment from a “neutral” rating to an “outperform” rating and raised their price target for the stock from $161.00 to $220.00 in a report on Wednesday, August 28th. Jefferies Financial Group downgraded shares of AeroVironment from a “buy” rating to a “hold” rating and set a $240.00 price objective on the stock. in a report on Tuesday. Finally, Baird R W raised shares of AeroVironment from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, August 28th. Two equities research analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $213.50.

Insider Buying and Selling

In other AeroVironment news, CFO Kevin Patrick Mcdonnell sold 396 shares of the stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $196.22, for a total transaction of $77,703.12. Following the sale, the chief financial officer now directly owns 18,254 shares of the company’s stock, valued at approximately $3,581,799.88. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders sold a total of 1,782 shares of company stock valued at $372,615 over the last 90 days. Insiders own 1.27% of the company’s stock.

AeroVironment Stock Down 0.2 %

Shares of AVAV stock opened at $217.56 on Thursday. AeroVironment, Inc. has a fifty-two week low of $116.51 and a fifty-two week high of $236.60. The firm has a market capitalization of $6.14 billion, a PE ratio of 102.14 and a beta of 0.49. The company has a debt-to-equity ratio of 0.01, a quick ratio of 3.04 and a current ratio of 4.26. The stock’s 50-day simple moving average is $205.33 and its 200-day simple moving average is $192.61.

AeroVironment (NASDAQ:AVAV) last issued its quarterly earnings results on Wednesday, September 4th. The aerospace company reported $0.89 earnings per share for the quarter, topping the consensus estimate of $0.61 by $0.28. AeroVironment had a net margin of 7.82% and a return on equity of 9.87%. The company had revenue of $189.48 million for the quarter, compared to the consensus estimate of $183.18 million. During the same quarter in the prior year, the company earned $1.00 EPS. AeroVironment’s quarterly revenue was up 24.4% on a year-over-year basis. Equities analysts expect that AeroVironment, Inc. will post 3.36 earnings per share for the current year.

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.