Migdal Insurance & Financial Holdings Ltd. grew its stake in shares of AeroVironment, Inc. (NASDAQ:AVAV) by 138.0% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 41,118 shares of the aerospace company’s stock after acquiring an additional 23,845 shares during the period. Migdal Insurance & Financial Holdings Ltd. owned about 0.17% of AeroVironment worth $2,225,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in AVAV. BlackRock Inc. boosted its holdings in shares of AeroVironment by 216,094.4% in the 1st quarter. BlackRock Inc. now owns 3,216,973 shares of the aerospace company’s stock valued at $90,172,000 after buying an additional 3,215,485 shares during the period. Janus Henderson Group PLC acquired a new position in shares of AeroVironment in the 2nd quarter valued at about $39,724,000. American Capital Management Inc. boosted its holdings in shares of AeroVironment by 11.4% in the 2nd quarter. American Capital Management Inc. now owns 1,314,107 shares of the aerospace company’s stock valued at $50,199,000 after buying an additional 134,555 shares during the period. Dimensional Fund Advisors LP boosted its holdings in shares of AeroVironment by 8.0% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,445,679 shares of the aerospace company’s stock valued at $40,522,000 after buying an additional 107,063 shares during the period. Finally, Vanguard Group Inc. boosted its holdings in shares of AeroVironment by 5.9% in the 1st quarter. Vanguard Group Inc. now owns 1,861,593 shares of the aerospace company’s stock valued at $52,180,000 after buying an additional 103,167 shares during the period. 77.61% of the stock is owned by institutional investors.

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Shares of AeroVironment, Inc. (NASDAQ:AVAV) traded up $0.44 during trading hours on Friday, reaching $43.77. 278,100 shares of the company traded hands, compared to its average volume of 237,562. The company has a market cap of $1,033.00, a P/E ratio of 51.58, a PEG ratio of 4.74 and a beta of 1.24. AeroVironment, Inc. has a 12-month low of $24.70 and a 12-month high of $55.75.

AeroVironment (NASDAQ:AVAV) last issued its quarterly earnings data on Tuesday, August 29th. The aerospace company reported ($0.19) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.34) by $0.15. The firm had revenue of $43.80 million for the quarter, compared to the consensus estimate of $42.44 million. AeroVironment had a net margin of 7.22% and a return on equity of 5.40%. AeroVironment’s quarterly revenue was up 21.0% compared to the same quarter last year. During the same period last year, the firm posted ($0.51) EPS. sell-side analysts expect that AeroVironment, Inc. will post 0.61 EPS for the current fiscal year.

Several research analysts have recently commented on the stock. Canaccord Genuity reaffirmed a “hold” rating and issued a $35.00 price target on shares of AeroVironment in a report on Thursday, August 10th. BidaskClub lowered shares of AeroVironment from a “buy” rating to a “hold” rating in a report on Wednesday, August 16th. Zacks Investment Research lowered shares of AeroVironment from a “strong-buy” rating to a “hold” rating in a report on Wednesday, November 1st. Robert W. Baird reaffirmed a “hold” rating and issued a $35.00 price target on shares of AeroVironment in a report on Tuesday, October 24th. Finally, Piper Jaffray Companies reaffirmed a “neutral” rating and issued a $36.00 price target on shares of AeroVironment in a report on Thursday, August 31st. Seven research analysts have rated the stock with a hold rating, The company has a consensus rating of “Hold” and a consensus target price of $39.00.

In related news, Chairman Timothy E. Conver sold 7,600 shares of AeroVironment stock in a transaction dated Friday, September 8th. The shares were sold at an average price of $49.14, for a total value of $373,464.00. Following the sale, the chairman now directly owns 58,138 shares in the company, valued at approximately $2,856,901.32. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Chairman Timothy E. Conver sold 2,000 shares of AeroVironment stock in a transaction dated Thursday, October 5th. The shares were sold at an average price of $53.91, for a total transaction of $107,820.00. Following the completion of the sale, the chairman now owns 58,138 shares in the company, valued at $3,134,219.58. The disclosure for this sale can be found here. Over the last quarter, insiders sold 40,000 shares of company stock worth $1,968,072. 11.00% of the stock is currently owned by insiders.

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.

Institutional Ownership by Quarter for AeroVironment (NASDAQ:AVAV)

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