Curbstone Financial Management Corp Sells 440 Shares of AeroVironment, Inc. $AVAV

Curbstone Financial Management Corp decreased its position in AeroVironment, Inc. (NASDAQ:AVAV) by 5.4% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 7,770 shares of the aerospace company’s stock after selling 440 shares during the quarter. Curbstone Financial Management Corp’s holdings in AeroVironment were worth $2,214,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the company. Alyeska Investment Group L.P. raised its position in shares of AeroVironment by 48.2% in the first quarter. Alyeska Investment Group L.P. now owns 902,814 shares of the aerospace company’s stock valued at $107,606,000 after purchasing an additional 293,553 shares during the period. Stephens Investment Management Group LLC raised its position in shares of AeroVironment by 41.0% in the first quarter. Stephens Investment Management Group LLC now owns 763,489 shares of the aerospace company’s stock valued at $91,000,000 after purchasing an additional 221,948 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of AeroVironment by 7.8% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 456,486 shares of the aerospace company’s stock valued at $54,409,000 after purchasing an additional 33,169 shares during the period. Ameriprise Financial Inc. increased its position in AeroVironment by 281.6% during the first quarter. Ameriprise Financial Inc. now owns 430,307 shares of the aerospace company’s stock worth $51,288,000 after acquiring an additional 317,530 shares during the period. Finally, ARK Investment Management LLC increased its position in AeroVironment by 6.7% during the first quarter. ARK Investment Management LLC now owns 281,323 shares of the aerospace company’s stock worth $33,531,000 after acquiring an additional 17,696 shares during the period. Institutional investors own 86.38% of the company’s stock.

Insiders Place Their Bets

In other news, insider Trace E. Stevenson sold 1,717 shares of the business’s stock in a transaction on Monday, October 6th. The shares were sold at an average price of $381.00, for a total value of $654,177.00. Following the sale, the insider owned 4,907 shares in the company, valued at approximately $1,869,567. The trade was a 25.92% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Kevin Patrick Mcdonnell sold 998 shares of the business’s stock in a transaction on Friday, October 10th. The shares were sold at an average price of $399.74, for a total transaction of $398,940.52. Following the completion of the sale, the chief financial officer owned 19,324 shares in the company, valued at $7,724,575.76. This represents a 4.91% decrease in their position. The disclosure for this sale can be found here. 0.81% of the stock is owned by insiders.

AeroVironment Stock Down 6.3%

AVAV opened at $350.59 on Friday. AeroVironment, Inc. has a fifty-two week low of $102.25 and a fifty-two week high of $417.86. The company has a debt-to-equity ratio of 0.16, a current ratio of 5.96 and a quick ratio of 5.12. The firm’s fifty day moving average price is $289.71 and its two-hundred day moving average price is $228.75. The company has a market capitalization of $17.50 billion, a P/E ratio of -547.79, a P/E/G ratio of 6.35 and a beta of 0.99.

AeroVironment (NASDAQ:AVAV) last posted its quarterly earnings results on Monday, August 28th. The aerospace company reported $0.12 earnings per share for the quarter. AeroVironment had a negative net margin of 4.14% and a positive return on equity of 4.67%. The firm had revenue of $132.62 million for the quarter. On average, analysts anticipate that AeroVironment, Inc. will post 3.38 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on AVAV. William Blair reaffirmed an “outperform” rating on shares of AeroVironment in a research report on Tuesday, September 16th. Royal Bank Of Canada boosted their target price on shares of AeroVironment from $300.00 to $330.00 and gave the stock an “outperform” rating in a research report on Thursday, September 25th. Stifel Nicolaus boosted their target price on shares of AeroVironment from $295.00 to $389.00 and gave the stock a “buy” rating in a research report on Thursday, October 2nd. Bank of America began coverage on shares of AeroVironment in a research report on Thursday, September 18th. They set a “buy” rating and a $300.00 target price on the stock. Finally, Wall Street Zen raised shares of AeroVironment from a “sell” rating to a “hold” rating in a research report on Sunday, June 22nd. Two investment analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus target price of $356.07.

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.