Magnus Financial Group LLC Sells 829 Shares of AeroVironment, Inc. (NASDAQ:AVAV)

Magnus Financial Group LLC trimmed its stake in shares of AeroVironment, Inc. (NASDAQ:AVAV) by 31.5% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,804 shares of the aerospace company’s stock after selling 829 shares during the period. Magnus Financial Group LLC’s holdings in AeroVironment were worth $278,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Radnor Capital Management LLC boosted its stake in AeroVironment by 1.0% during the third quarter. Radnor Capital Management LLC now owns 5,965 shares of the aerospace company’s stock worth $1,196,000 after buying an additional 60 shares during the period. Arcadia Investment Management Corp MI raised its stake in shares of AeroVironment by 23.1% in the third 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. First Trust Direct Indexing L.P. lifted its holdings in shares of AeroVironment by 7.2% in the 3rd quarter. First Trust Direct Indexing L.P. now owns 1,434 shares of the aerospace company’s stock worth $288,000 after acquiring an additional 96 shares during the last quarter. Avior Wealth Management LLC boosted its stake in shares of AeroVironment by 51.0% during the 3rd quarter. Avior Wealth Management LLC now owns 394 shares of the aerospace company’s stock worth $79,000 after purchasing an additional 133 shares during the period. Finally, NBC Securities Inc. boosted its stake 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. 86.38% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the stock. William Blair reissued an “outperform” rating on shares of AeroVironment in a research note on Thursday, December 5th. Jefferies Financial Group upgraded AeroVironment from a “hold” rating to a “buy” rating and reduced their price target for the stock from $240.00 to $230.00 in a report on Wednesday, November 20th. One investment analyst has rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, AeroVironment presently has a consensus rating of “Buy” and a consensus price target of $225.20.

AeroVironment Stock Performance

Shares of NASDAQ:AVAV opened at $177.88 on Thursday. The firm’s 50 day simple moving average is $172.37 and its 200-day simple moving average is $185.76. 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 one year low of $119.46 and a one year high of $236.60. The firm has a market cap of $5.02 billion, a PE ratio of 102.23 and a beta of 0.50.

AeroVironment (NASDAQ:AVAV) last released its quarterly earnings data on Wednesday, December 4th. The aerospace company reported $0.47 EPS for the quarter, missing the consensus estimate of $0.76 by ($0.29). AeroVironment had a return on equity of 8.12% and a net margin of 6.39%. The firm had revenue of $188.46 million for the quarter, compared to analysts’ expectations of $181.80 million. During the same quarter in the previous year, the business earned $0.97 earnings per share. The company’s revenue for the quarter was up 4.2% compared to the same quarter last year. As a group, equities analysts predict that AeroVironment, Inc. will post 3.38 EPS for the current year.

Insider Buying and Selling

In related news, CFO Kevin Patrick Mcdonnell sold 508 shares of the business’s stock in a transaction that occurred on Friday, November 1st. The shares were sold at an average price of $216.65, for a total value of $110,058.20. Following the completion of the transaction, the chief financial officer now owns 16,868 shares of the company’s stock, valued at $3,654,452.20. The trade was a 2.92 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 1.27% of the stock is owned by 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.