Captrust Financial Advisors Has $647,000 Holdings in AeroVironment, Inc. (NASDAQ:AVAV)

Captrust Financial Advisors lessened its stake in AeroVironment, Inc. (NASDAQ:AVAV) by 7.7% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 3,227 shares of the aerospace company’s stock after selling 271 shares during the quarter. Captrust Financial Advisors’ holdings in AeroVironment were worth $647,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Security National Bank acquired a new stake in shares of AeroVironment in the 3rd quarter valued at approximately $31,000. Canada Pension Plan Investment Board bought a new stake in AeroVironment in the 2nd quarter valued at $36,000. Truvestments Capital LLC bought a new stake in AeroVironment in the 3rd quarter valued at $62,000. Avior Wealth Management LLC raised its stake in AeroVironment by 51.0% in the 3rd quarter. Avior Wealth Management LLC now owns 394 shares of the aerospace company’s stock valued at $79,000 after acquiring an additional 133 shares during the period. Finally, Arcadia Investment Management Corp MI raised its stake in AeroVironment by 23.1% in the 3rd quarter. Arcadia Investment Management Corp MI now owns 400 shares of the aerospace company’s stock valued at $80,000 after acquiring an additional 75 shares during the period. Institutional investors and hedge funds own 86.38% of the company’s stock.

Insider Activity at AeroVironment

In other news, CFO Kevin Patrick Mcdonnell sold 878 shares of AeroVironment stock in a transaction dated Tuesday, October 1st. The stock was sold at an average price of $210.54, for a total transaction of $184,854.12. Following the sale, the chief financial officer now directly owns 17,376 shares of the company’s stock, valued at approximately $3,658,343.04. This trade represents a 4.81 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders have sold 1,782 shares of company stock valued at $373,609 over the last ninety days. 1.27% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on AVAV shares. Alembic Global Advisors upgraded AeroVironment from a “neutral” rating to an “overweight” rating and set a $216.00 price target on the stock in a research note on Wednesday, August 28th. Baird R W upgraded AeroVironment from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, August 28th. William Blair reiterated an “outperform” rating on shares of AeroVironment in a research report on Thursday, December 5th. Raymond James cut AeroVironment from an “outperform” rating to a “market perform” rating in a research report on Monday, September 16th. Finally, BTIG Research reiterated a “buy” rating and set a $245.00 price objective on shares of AeroVironment in a research report on Tuesday, September 17th. One investment analyst has rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average price target of $225.20.

AeroVironment Stock Up 0.4 %

Shares of NASDAQ AVAV opened at $154.35 on Thursday. The stock’s fifty day moving average is $204.54 and its 200 day moving average is $193.05. The stock has a market capitalization of $4.35 billion, a P/E ratio of 88.71 and a beta of 0.45. The company has a debt-to-equity ratio of 0.02, a quick ratio of 3.36 and a current ratio of 4.61. AeroVironment, Inc. has a 52 week low of $116.51 and a 52 week high of $236.60.

AeroVironment (NASDAQ:AVAV) last released its quarterly earnings data on Wednesday, December 4th. The aerospace company reported $0.47 earnings per share for the quarter, missing the consensus estimate of $0.76 by ($0.29). The business had revenue of $188.46 million during the quarter, compared to analyst estimates of $181.80 million. AeroVironment had a net margin of 6.39% and a return on equity of 8.12%. The business’s quarterly revenue was up 4.2% compared to the same quarter last year. During the same period last year, the business earned $0.97 earnings per share. Sell-side analysts forecast that AeroVironment, Inc. will post 3.38 earnings per share for the current fiscal year.

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.