Granite Investment Partners LLC increased its position in AeroVironment, Inc. (NASDAQ:AVAV) by 5.2% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 360,276 shares of the aerospace company’s stock after buying an additional 17,965 shares during the period. AeroVironment accounts for about 1.2% of Granite Investment Partners LLC’s investment portfolio, making the stock its 13th biggest position. Granite Investment Partners LLC owned about 1.51% of AeroVironment worth $19,498,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of AVAV. Sei Investments Co. raised its position in AeroVironment by 1.8% during the second quarter. Sei Investments Co. now owns 3,450 shares of the aerospace company’s stock valued at $132,000 after purchasing an additional 61 shares during the period. State of Alaska Department of Revenue raised its position in AeroVironment by 78.6% during the second quarter. State of Alaska Department of Revenue now owns 4,073 shares of the aerospace company’s stock valued at $155,000 after purchasing an additional 1,793 shares during the period. Municipal Employees Retirement System of Michigan raised its position in AeroVironment by 3.2% during the second quarter. Municipal Employees Retirement System of Michigan now owns 4,850 shares of the aerospace company’s stock valued at $185,000 after purchasing an additional 150 shares during the period. PNC Financial Services Group Inc. raised its position in AeroVironment by 0.8% during the first quarter. PNC Financial Services Group Inc. now owns 4,860 shares of the aerospace company’s stock valued at $136,000 after purchasing an additional 38 shares during the period. Finally, First Manhattan Co. purchased a new stake in AeroVironment during the third quarter valued at approximately $270,000. Institutional investors own 77.17% of the company’s stock.

A number of brokerages have issued reports on AVAV. Canaccord Genuity upped their price objective on AeroVironment from $40.00 to $48.00 and gave the company a “hold” rating in a research report on Wednesday, October 4th. Robert W. Baird restated a “hold” rating and set a $35.00 price objective on shares of AeroVironment in a research report on Tuesday, October 24th. Zacks Investment Research downgraded AeroVironment from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, November 1st. Piper Jaffray Companies restated a “neutral” rating and set a $36.00 price objective on shares of AeroVironment in a research report on Thursday, August 31st. Finally, ValuEngine downgraded AeroVironment from a “buy” rating to a “hold” rating in a research report on Wednesday, November 15th. Seven analysts have rated the stock with a hold rating, The stock has a consensus rating of “Hold” and a consensus target price of $39.00.

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AeroVironment, Inc. (NASDAQ AVAV) traded down $0.04 on Monday, hitting $42.73. The stock had a trading volume of 141,400 shares, compared to its average volume of 237,450. The company has a market capitalization of $1,020.00, a PE ratio of 50.87, a price-to-earnings-growth ratio of 4.65 and a beta of 1.24. AeroVironment, Inc. has a 1 year low of $24.70 and a 1 year high of $55.75.

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

In other news, Chairman Timothy E. Conver sold 3,800 shares of the company’s stock in a transaction that occurred on Wednesday, November 8th. The stock was sold at an average price of $44.14, for a total transaction of $167,732.00. Following the transaction, the chairman now owns 58,138 shares of the company’s stock, valued at $2,566,211.32. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Chairman Timothy E. Conver sold 7,600 shares of the company’s stock in a transaction that occurred on Wednesday, October 4th. The shares were sold at an average price of $54.00, for a total value of $410,400.00. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 43,800 shares of company stock worth $2,135,804. Insiders own 11.00% of the company’s stock.

AeroVironment Company Profile

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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