Mutual of America Capital Management LLC Decreases Stock Position in AeroVironment, Inc. (NASDAQ:AVAV)

Mutual of America Capital Management LLC trimmed its position in shares of AeroVironment, Inc. (NASDAQ:AVAV) by 8.3% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 4,214 shares of the aerospace company’s stock after selling 381 shares during the quarter. Mutual of America Capital Management LLC’s holdings in AeroVironment were worth $845,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Royce & Associates LP grew its position in AeroVironment by 12.5% in the 3rd quarter. Royce & Associates LP now owns 18,000 shares of the aerospace company’s stock valued at $3,609,000 after acquiring an additional 2,000 shares during the last quarter. OneDigital Investment Advisors LLC grew its holdings in shares of AeroVironment by 285.3% in the third quarter. OneDigital Investment Advisors LLC now owns 14,770 shares of the aerospace company’s stock worth $2,961,000 after purchasing an additional 10,937 shares during the last quarter. Freemont Management S.A. purchased a new position in AeroVironment in the 3rd quarter worth about $1,845,000. Oppenheimer & Co. Inc. lifted its holdings in AeroVironment by 26.3% during the 3rd quarter. Oppenheimer & Co. Inc. now owns 12,138 shares of the aerospace company’s stock valued at $2,434,000 after buying an additional 2,526 shares in the last quarter. Finally, Victory Capital Management Inc. lifted its holdings in AeroVironment by 108.4% during the 3rd quarter. Victory Capital Management Inc. now owns 180,824 shares of the aerospace company’s stock valued at $36,255,000 after buying an additional 94,062 shares in the last quarter. 86.38% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the company. Robert W. Baird raised AeroVironment from a “neutral” rating to an “outperform” rating and lifted their target price for the company from $161.00 to $220.00 in a research report on Wednesday, August 28th. BTIG Research reaffirmed a “buy” rating and issued a $245.00 price objective on shares of AeroVironment in a research note on Tuesday, September 17th. Alembic Global Advisors raised shares of AeroVironment from a “neutral” rating to an “overweight” rating and set a $216.00 target price on the stock in a research report on Wednesday, August 28th. Jefferies Financial Group upgraded shares of AeroVironment from a “hold” rating to a “buy” rating and reduced their price target for the company from $240.00 to $230.00 in a report on Wednesday, November 20th. Finally, Raymond James downgraded shares of AeroVironment from an “outperform” rating to a “market perform” rating in a research note on Monday, September 16th. One investment analyst has rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Buy” and an average target price of $211.83.

AeroVironment Price Performance

Shares of NASDAQ AVAV opened at $196.50 on Wednesday. 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 firm has a market cap of $5.54 billion, a PE ratio of 92.25 and a beta of 0.49. AeroVironment, Inc. has a one year low of $116.51 and a one year high of $236.60. The firm has a fifty day moving average of $207.68 and a 200 day moving average of $194.20.

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. AeroVironment had a net margin of 7.82% and a return on equity of 9.87%. The business had revenue of $189.48 million during the quarter, compared to analyst estimates of $183.18 million. During the same quarter in the prior year, the firm earned $1.00 earnings per share. The company’s revenue for the quarter was up 24.4% compared to the same quarter last year. As a group, research analysts predict that AeroVironment, Inc. will post 3.36 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, CFO Kevin Patrick Mcdonnell sold 396 shares of the business’s stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $196.22, for a total value of $77,703.12. Following the sale, the chief financial officer now owns 18,254 shares in the company, valued at approximately $3,581,799.88. The trade was a 2.12 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders sold a total of 1,782 shares of company stock valued at $372,615 over the last 90 days. 1.27% of the stock is owned by company insiders.

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.