Nkcfo LLC Buys Shares of 1,500 AeroVironment, Inc. (NASDAQ:AVAV)

Nkcfo LLC purchased a new stake in AeroVironment, Inc. (NASDAQ:AVAV) during the fourth quarter, according to its most recent filing with the SEC. The firm purchased 1,500 shares of the aerospace company’s stock, valued at approximately $189,000.

Several other large investors have also recently made changes to their positions in AVAV. RiverPark Advisors LLC grew its stake in AeroVironment by 77.2% in the fourth quarter. RiverPark Advisors LLC now owns 388 shares of the aerospace company’s stock valued at $49,000 after purchasing an additional 169 shares during the last quarter. Amalgamated Bank grew its position in shares of AeroVironment by 1.7% in the 3rd quarter. Amalgamated Bank now owns 11,666 shares of the aerospace company’s stock worth $1,301,000 after buying an additional 190 shares during the last quarter. Bfsg LLC bought a new position in shares of AeroVironment during the 4th quarter worth approximately $25,000. Daiwa Securities Group Inc. raised its stake in shares of AeroVironment by 1.3% during the 4th quarter. Daiwa Securities Group Inc. now owns 19,001 shares of the aerospace company’s stock worth $2,395,000 after acquiring an additional 244 shares in the last quarter. Finally, GAMMA Investing LLC purchased a new stake in AeroVironment during the fourth quarter valued at approximately $32,000. 86.38% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, SVP Melissa Ann Brown sold 1,000 shares of the 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 transaction, the senior vice president now owns 12,339 shares in the company, valued at approximately $2,181,165.03. The sale was disclosed in a filing with the SEC, which is available through this link. In related news, SVP Melissa Ann Brown sold 1,000 shares of the 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 transaction, the senior vice president now owns 12,339 shares in the company, valued at approximately $2,181,165.03. The sale was disclosed in a filing with the SEC, which is available through this link. Also, VP Trace E. Stevenson sold 1,913 shares of the stock in a transaction that occurred 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 completion of the transaction, the vice president now owns 2,570 shares in the company, valued at approximately $470,310. The disclosure for this sale can be found here. 1.40% of the stock is owned by corporate insiders.

AeroVironment Stock Performance

Shares of AeroVironment stock traded up $3.05 during midday trading on Friday, hitting $168.77. The company had a trading volume of 251,346 shares, compared to its average volume of 290,492. The stock has a market cap of $4.75 billion, a price-to-earnings ratio of -39.16 and a beta of 0.44. The company has a quick ratio of 3.16, a current ratio of 4.66 and a debt-to-equity ratio of 0.04. The company has a fifty day simple moving average of $151.17 and a 200 day simple moving average of $133.91. AeroVironment, Inc. has a 12-month low of $88.24 and a 12-month high of $184.61.

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

Analysts Set New Price Targets

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

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.