Arcadia Investment Management Corp MI Purchases 100 Shares of AeroVironment, Inc. (NASDAQ:AVAV)

Arcadia Investment Management Corp MI lifted its holdings in AeroVironment, Inc. (NASDAQ:AVAV) by 44.1% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 327 shares of the aerospace company’s stock after acquiring an additional 100 shares during the period. Arcadia Investment Management Corp MI’s holdings in AeroVironment were worth $41,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Bfsg LLC bought a new stake in AeroVironment in the fourth quarter worth approximately $25,000. GAMMA Investing LLC bought a new stake in shares of AeroVironment in the 4th quarter valued at $32,000. Russell Investments Group Ltd. acquired a new position in shares of AeroVironment during the 4th quarter valued at $39,000. RiverPark Advisors LLC boosted its stake in AeroVironment by 77.2% during the fourth quarter. RiverPark Advisors LLC now owns 388 shares of the aerospace company’s stock worth $49,000 after acquiring an additional 169 shares in the last quarter. Finally, Advantage Trust Co acquired a new stake in AeroVironment in the fourth quarter worth $63,000. 86.38% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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

AeroVironment Stock Up 3.2 %

Shares of NASDAQ:AVAV traded up $5.87 during midday trading on Thursday, hitting $187.33. 578,346 shares of the company’s stock were exchanged, compared to its average volume of 336,663. The company has a debt-to-equity ratio of 0.04, a current ratio of 4.66 and a quick ratio of 3.16. AeroVironment, Inc. has a 12 month low of $88.24 and a 12 month high of $190.12. The company has a market cap of $5.27 billion, a PE ratio of -43.46 and a beta of 0.44. The stock has a 50 day moving average price of $155.69 and a 200-day moving average price of $135.61.

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

Insider Activity at AeroVironment

In other AeroVironment news, VP Trace E. Stevenson sold 1,913 shares of AeroVironment stock in a transaction on Thursday, March 7th. The shares were sold at an average price of $183.00, for a total transaction of $350,079.00. Following the transaction, the vice president now directly owns 2,570 shares of the company’s stock, valued at approximately $470,310. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other AeroVironment news, SVP Melissa Ann Brown sold 1,000 shares of the business’s stock in a transaction on Thursday, March 7th. The stock was 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 of the company’s stock, valued at $2,181,165.03. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, VP Trace E. Stevenson sold 1,913 shares of the firm’s stock in a transaction on Thursday, March 7th. The shares were sold at an average price of $183.00, for a total value of $350,079.00. Following the sale, the vice president now directly owns 2,570 shares of the company’s stock, valued at $470,310. The disclosure for this sale can be found here. 1.40% of the stock is currently owned by insiders.

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.