SeaCrest Wealth Management LLC Purchases Shares of 5,615 AeroVironment, Inc. (AVAV)

SeaCrest Wealth Management LLC purchased a new position in shares of AeroVironment, Inc. (NASDAQ:AVAV) during the fourth quarter, HoldingsChannel.com reports. The institutional investor purchased 5,615 shares of the aerospace company’s stock, valued at approximately $315,000.

A number of other institutional investors have also modified their holdings of AVAV. PNC Financial Services Group Inc. raised its stake in shares of AeroVironment by 1.2% in the second quarter. PNC Financial Services Group Inc. now owns 4,916 shares of the aerospace company’s stock valued at $187,000 after buying an additional 56 shares during the period. Suntrust Banks Inc. raised its stake in shares of AeroVironment by 3.8% in the second quarter. Suntrust Banks Inc. now owns 9,224 shares of the aerospace company’s stock valued at $352,000 after buying an additional 340 shares during the period. Ameriprise Financial Inc. raised its stake in shares of AeroVironment by 0.5% in the second quarter. Ameriprise Financial Inc. now owns 108,125 shares of the aerospace company’s stock valued at $4,131,000 after buying an additional 560 shares during the period. TIAA CREF Investment Management LLC raised its stake in shares of AeroVironment by 1.1% in the second quarter. TIAA CREF Investment Management LLC now owns 55,068 shares of the aerospace company’s stock valued at $2,104,000 after buying an additional 624 shares during the period. Finally, Thrivent Financial For Lutherans raised its stake in shares of AeroVironment by 6.4% in the second quarter. Thrivent Financial For Lutherans now owns 12,670 shares of the aerospace company’s stock valued at $484,000 after buying an additional 760 shares during the period. Institutional investors and hedge funds own 75.04% of the company’s stock.

In related news, Chairman Timothy E. Conver sold 7,600 shares of the business’s stock in a transaction dated Thursday, December 28th. The stock was sold at an average price of $57.10, for a total transaction of $433,960.00. Following the completion of the transaction, the chairman now directly owns 58,138 shares in the company, valued at $3,319,679.80. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, Chairman Timothy E. Conver sold 3,800 shares of the business’s stock in a transaction dated Wednesday, December 27th. The stock was sold at an average price of $56.90, for a total value of $216,220.00. Following the transaction, the chairman now owns 58,138 shares of the company’s stock, valued at $3,308,052.20. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 41,800 shares of company stock valued at $2,221,100. 11.00% of the stock is owned by company insiders.

AeroVironment, Inc. (AVAV) opened at $47.98 on Friday. The firm has a market capitalization of $1,098.27, a price-to-earnings ratio of 35.12, a PEG ratio of 4.37 and a beta of 1.06. AeroVironment, Inc. has a 52-week low of $25.66 and a 52-week high of $58.99.

AeroVironment (NASDAQ:AVAV) last announced its quarterly earnings results on Tuesday, December 5th. The aerospace company reported $0.29 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.01) by $0.30. The company had revenue of $73.83 million during the quarter, compared to analysts’ expectations of $63.53 million. AeroVironment had a return on equity of 8.23% and a net margin of 10.42%. The firm’s quarterly revenue was up 47.3% compared to the same quarter last year. During the same period in the previous year, the business earned ($0.18) earnings per share. analysts expect that AeroVironment, Inc. will post 0.7 EPS for the current fiscal year.

Several analysts have issued reports on AVAV shares. TheStreet upgraded AeroVironment from a “c+” rating to a “b” rating in a research note on Friday, December 8th. Zacks Investment Research upgraded AeroVironment from a “sell” rating to a “buy” rating and set a $54.00 price target for the company in a research report on Thursday. ValuEngine cut AeroVironment from a “buy” rating to a “hold” rating in a research report on Wednesday, November 15th. Robert W. Baird reiterated a “hold” rating and issued a $35.00 price target on shares of AeroVironment in a research report on Tuesday, October 24th. Finally, Canaccord Genuity reiterated a “hold” rating and issued a $50.00 price target on shares of AeroVironment in a research report on Thursday, December 14th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and one has assigned a buy rating to the company. AeroVironment currently has an average rating of “Hold” and an average price target of $42.40.

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About AeroVironment

AeroVironment, Inc designs, develops, produces, supports and operates a portfolio of products and services for government agencies, businesses and consumers. The Company operates through two segments: Unmanned Aircraft Systems (UAS), which focuses primarily on the design, development, production, support and operation of UAS and tactical missile systems that provide situational awareness, multi-band communications, force protection and other mission effects, and Efficient Energy Systems (EES), which focuses primarily on the design, development, production, marketing, support and operation of electric energy systems.

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Institutional Ownership by Quarter for AeroVironment (NASDAQ:AVAV)

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