New York State Teachers Retirement System Sells 149 Shares of AeroVironment, Inc. (NASDAQ:AVAV)

New York State Teachers Retirement System reduced its holdings in shares of AeroVironment, Inc. (NASDAQ:AVAV) by 0.8% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 17,518 shares of the aerospace company’s stock after selling 149 shares during the period. New York State Teachers Retirement System’s holdings in AeroVironment were worth $3,512,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of AVAV. Commonwealth Equity Services LLC boosted its holdings in AeroVironment by 12.3% in the first quarter. Commonwealth Equity Services LLC now owns 4,543 shares of the aerospace company’s stock valued at $696,000 after acquiring an additional 499 shares in the last quarter. Norden Group LLC bought a new position in AeroVironment during the 1st quarter valued at about $557,000. Mutual of America Capital Management LLC lifted its stake in AeroVironment by 4.8% during the 1st quarter. Mutual of America Capital Management LLC now owns 4,821 shares of the aerospace company’s stock valued at $739,000 after acquiring an additional 220 shares during the period. Texas Permanent School Fund Corp lifted its stake in AeroVironment by 7.9% during the 1st quarter. Texas Permanent School Fund Corp now owns 24,497 shares of the aerospace company’s stock valued at $3,755,000 after acquiring an additional 1,786 shares during the period. Finally, Oppenheimer & Co. Inc. lifted its stake in AeroVironment by 13.9% during the 1st quarter. Oppenheimer & Co. Inc. now owns 5,286 shares of the aerospace company’s stock valued at $810,000 after acquiring an additional 644 shares during the period. 86.38% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on AVAV shares. Alembic Global Advisors raised shares of AeroVironment from a “neutral” rating to an “overweight” rating and set a $216.00 price target for the company in a research report on Wednesday, August 28th. BTIG Research reaffirmed a “buy” rating and set a $245.00 price target on shares of AeroVironment in a research report on Tuesday, September 17th. Robert W. Baird raised shares of AeroVironment from a “neutral” rating to an “outperform” rating and increased their target price for the stock from $161.00 to $220.00 in a report on Wednesday, August 28th. Baird R W raised shares of AeroVironment from a “hold” rating to a “strong-buy” rating in a report on Wednesday, August 28th. Finally, Raymond James lowered shares of AeroVironment from an “outperform” rating to a “market perform” rating in a report on Monday, September 16th. One research analyst has rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, AeroVironment presently has a consensus rating of “Buy” and an average price target of $208.20.

Insider Buying and Selling

In related news, CFO Kevin Patrick Mcdonnell sold 878 shares of the firm’s stock in a transaction on Tuesday, October 1st. The stock was sold at an average price of $210.54, for a total value of $184,854.12. Following the completion of the sale, the chief financial officer now directly owns 17,376 shares in the company, valued at $3,658,343.04. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders sold a total of 1,782 shares of company stock worth $372,615 over the last three months. 1.27% of the stock is owned by insiders.

AeroVironment Stock Down 1.5 %

NASDAQ AVAV opened at $216.32 on Thursday. 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 company has a market capitalization of $6.10 billion, a P/E ratio of 103.13 and a beta of 0.49. AeroVironment, Inc. has a one year low of $116.51 and a one year high of $232.00. The stock has a 50 day moving average price of $202.38 and a 200-day moving average price of $190.03.

AeroVironment (NASDAQ:AVAV) last posted its earnings results on Wednesday, September 4th. The aerospace company reported $0.89 EPS for the quarter, beating analysts’ consensus estimates of $0.61 by $0.28. The firm had revenue of $189.48 million during the quarter, compared to the consensus estimate of $183.18 million. AeroVironment had a return on equity of 9.87% and a net margin of 7.82%. The company’s quarterly revenue was up 24.4% compared to the same quarter last year. During the same period in the prior year, the company earned $1.00 EPS. As a group, equities analysts predict that AeroVironment, Inc. will post 3.36 EPS for the current fiscal 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.