KBC Group NV decreased its position in shares of AeroVironment, Inc. (NASDAQ:AVAV) by 17.1% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 35,497 shares of the aerospace company’s stock after selling 7,329 shares during the period. KBC Group NV owned about 0.15% of AeroVironment worth $1,356,000 as of its most recent filing with the SEC.

Other hedge funds also recently added to or reduced their stakes in the company. Sei Investments Co. raised its stake in AeroVironment by 1.8% in the second quarter. Sei Investments Co. now owns 3,450 shares of the aerospace company’s stock worth $132,000 after buying an additional 61 shares during the last quarter. State of Alaska Department of Revenue raised its stake in AeroVironment by 78.6% in the second quarter. State of Alaska Department of Revenue now owns 4,073 shares of the aerospace company’s stock worth $155,000 after buying an additional 1,793 shares during the last quarter. Mason Street Advisors LLC raised its stake in AeroVironment by 7.0% in the first quarter. Mason Street Advisors LLC now owns 4,813 shares of the aerospace company’s stock worth $135,000 after buying an additional 316 shares during the last quarter. Municipal Employees Retirement System of Michigan raised its stake in AeroVironment by 3.2% in the second quarter. Municipal Employees Retirement System of Michigan now owns 4,850 shares of the aerospace company’s stock worth $185,000 after buying an additional 150 shares during the last quarter. Finally, PNC Financial Services Group Inc. raised its stake in AeroVironment by 0.8% in the first quarter. PNC Financial Services Group Inc. now owns 4,860 shares of the aerospace company’s stock worth $136,000 after buying an additional 38 shares during the last quarter. Institutional investors own 77.55% of the company’s stock.

AeroVironment, Inc. (NASDAQ:AVAV) opened at 46.52 on Thursday. The stock has a market capitalization of $1.08 billion, a PE ratio of 86.15 and a beta of 1.31. AeroVironment, Inc. has a 52-week low of $22.16 and a 52-week high of $47.03. The company’s 50-day moving average price is $38.28 and its 200 day moving average price is $31.67.

AeroVironment (NASDAQ:AVAV) last released its quarterly earnings results on Tuesday, August 29th. The aerospace company reported ($0.19) earnings per share for the quarter, topping the consensus estimate of ($0.34) by $0.15. AeroVironment had a net margin of 4.71% and a return on equity of 3.49%. The firm had revenue of $43.80 million during the quarter, compared to the consensus estimate of $42.44 million. During the same quarter in the prior year, the firm earned ($0.51) EPS. The company’s revenue for the quarter was up 21.0% on a year-over-year basis. Equities analysts forecast that AeroVironment, Inc. will post $0.56 EPS for the current fiscal year.

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A number of analysts recently issued reports on the company. BidaskClub lowered AeroVironment from a “buy” rating to a “hold” rating in a research note on Wednesday, August 16th. Canaccord Genuity reiterated a “hold” rating and set a $35.00 price objective on shares of AeroVironment in a research note on Thursday, August 10th. Jefferies Group LLC boosted their price objective on AeroVironment to $37.00 and gave the company a “hold” rating in a research note on Wednesday. Robert W. Baird reiterated a “hold” rating and set a $35.00 price objective on shares of AeroVironment in a research note on Monday. Finally, ValuEngine upgraded AeroVironment from a “sell” rating to a “hold” rating in a research note on Friday, June 2nd. Eight investment analysts have rated the stock with a hold rating and one has issued a strong buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $37.80.

In other AeroVironment news, VP Kenneth D. Karklin sold 735 shares of the stock in a transaction dated Friday, July 14th. The shares were sold at an average price of $39.57, for a total value of $29,083.95. Following the completion of the sale, the vice president now owns 9,437 shares in the company, valued at approximately $373,422.09. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Chairman Timothy E. Conver sold 32,800 shares of the stock in a transaction dated Friday, July 7th. The shares were sold at an average price of $39.17, for a total transaction of $1,284,776.00. Following the completion of the sale, the chairman now owns 69,500 shares of the company’s stock, valued at approximately $2,722,315. The disclosure for this sale can be found here. In the last quarter, insiders sold 79,497 shares of company stock valued at $3,034,461. 11.00% of the stock is owned by insiders.

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.

Institutional Ownership by Quarter for AeroVironment (NASDAQ:AVAV)

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