Tandem Capital Management Corp ADV Trims Position in AeroVironment, Inc. (NASDAQ:AVAV)

Tandem Capital Management Corp ADV lowered its position in AeroVironment, Inc. (NASDAQ:AVAV) by 12.5% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 5,616 shares of the aerospace company’s stock after selling 801 shares during the quarter. Tandem Capital Management Corp ADV’s holdings in AeroVironment were worth $1,126,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the company. Commonwealth Equity Services LLC increased its position in shares of AeroVironment by 1.5% during the 2nd quarter. Commonwealth Equity Services LLC now owns 4,609 shares of the aerospace company’s stock worth $840,000 after purchasing an additional 66 shares during the last quarter. North Star Investment Management Corp. raised its stake in shares of AeroVironment by 8.8% in the 1st quarter. North Star Investment Management Corp. now owns 1,268 shares of the aerospace company’s stock valued at $194,000 after acquiring an additional 103 shares during the period. Mitsubishi UFJ Trust & Banking Corp lifted its holdings in shares of AeroVironment by 7.4% in the 1st quarter. Mitsubishi UFJ Trust & Banking Corp now owns 1,920 shares of the aerospace company’s stock worth $294,000 after acquiring an additional 133 shares during the last quarter. NBC Securities Inc. boosted its position in shares of AeroVironment by 47.4% during the 3rd quarter. NBC Securities Inc. now owns 432 shares of the aerospace company’s stock worth $86,000 after purchasing an additional 139 shares during the period. Finally, Arizona State Retirement System increased its holdings in AeroVironment by 1.9% in the 2nd quarter. Arizona State Retirement System now owns 7,876 shares of the aerospace company’s stock valued at $1,435,000 after purchasing an additional 144 shares during the last quarter. 86.38% of the stock is owned by hedge funds and other institutional investors.

AeroVironment Stock Up 1.9 %

Shares of AVAV stock traded up $3.99 on Friday, reaching $219.64. 3,888 shares of the stock were exchanged, compared to its average volume of 338,191. AeroVironment, Inc. has a twelve month low of $112.28 and a twelve month high of $227.18. The company has a current ratio of 4.26, a quick ratio of 3.04 and a debt-to-equity ratio of 0.01. The company has a market capitalization of $6.18 billion, a price-to-earnings ratio of 97.14 and a beta of 0.50. The business’s 50 day moving average price is $197.08 and its 200 day moving average price is $185.58.

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

Analysts Set New Price Targets

A number of research firms have commented on AVAV. 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. Royal Bank of Canada lowered their target price on AeroVironment from $230.00 to $215.00 and set an “outperform” rating for the company in a report on Thursday, September 5th. Robert W. Baird raised shares of AeroVironment from a “neutral” rating to an “outperform” rating and raised their price objective for the company from $161.00 to $220.00 in a research note on Wednesday, August 28th. BTIG Research reaffirmed a “buy” rating and set a $245.00 target price on shares of AeroVironment in a research note on Tuesday, September 17th. Finally, Baird R W upgraded shares of AeroVironment from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, August 28th. One research analyst has rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Buy” and a consensus price target of $208.20.

Insider Activity at AeroVironment

In other AeroVironment news, CFO Kevin Patrick Mcdonnell sold 878 shares of the company’s stock in a transaction on Tuesday, October 1st. The shares were sold at an average price of $210.54, for a total value of $184,854.12. Following the completion of the transaction, the chief financial officer now owns 17,376 shares in the company, valued at $3,658,343.04. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders have sold 1,787 shares of company stock valued at $352,178 in the last ninety days. Insiders own 1.40% of the company’s stock.

About AeroVironment

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.