Semanteon Capital Management LP Buys Shares of 4,252 AeroVironment, Inc. (NASDAQ:AVAV)

Semanteon Capital Management LP bought a new stake in AeroVironment, Inc. (NASDAQ:AVAV) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 4,252 shares of the aerospace company’s stock, valued at approximately $536,000.

Other hedge funds have also recently added to or reduced their stakes in the company. IFP Advisors Inc lifted its holdings in shares of AeroVironment by 19.5% during the third quarter. IFP Advisors Inc now owns 581 shares of the aerospace company’s stock worth $65,000 after purchasing an additional 95 shares during the period. RiverPark Advisors LLC lifted its holdings in shares of AeroVironment by 77.2% during the fourth quarter. RiverPark Advisors LLC now owns 388 shares of the aerospace company’s stock worth $49,000 after purchasing an additional 169 shares during the period. Amalgamated Bank lifted its holdings in shares of AeroVironment by 1.7% during the third quarter. Amalgamated Bank now owns 11,666 shares of the aerospace company’s stock worth $1,301,000 after purchasing an additional 190 shares during the period. Bfsg LLC acquired a new position in shares of AeroVironment during the fourth quarter worth $25,000. Finally, Daiwa Securities Group Inc. lifted its holdings in shares of AeroVironment by 1.3% during the fourth quarter. Daiwa Securities Group Inc. now owns 19,001 shares of the aerospace company’s stock worth $2,395,000 after purchasing an additional 244 shares during the period. Institutional investors and hedge funds own 86.38% of the company’s stock.

AeroVironment Trading Up 1.6 %

NASDAQ AVAV traded up $2.45 during mid-day trading on Friday, reaching $158.09. 202,576 shares of the stock were exchanged, compared to its average volume of 328,527. AeroVironment, Inc. has a one year low of $88.24 and a one year high of $184.61. The stock has a 50 day simple moving average of $147.28 and a 200-day simple moving average of $131.94. The stock has a market cap of $4.45 billion, a P/E ratio of -36.68 and a beta of 0.44. The company has a debt-to-equity ratio of 0.04, a current ratio of 4.66 and a quick ratio of 3.16.

AeroVironment (NASDAQ:AVAV) last posted its quarterly earnings results on Monday, March 4th. The aerospace company reported $0.63 earnings per share for the quarter, beating the consensus estimate of $0.33 by $0.30. AeroVironment had a negative net margin of 15.14% and a positive return on equity of 13.93%. The firm had revenue of $186.60 million during the quarter, compared to the consensus estimate of $170.62 million. During the same period in the previous year, the firm posted $0.33 earnings per share. The business’s revenue was up 38.8% compared to the same quarter last year. On average, analysts anticipate that AeroVironment, Inc. will post 2.8 EPS for the current year.

Analysts Set New Price Targets

A number of equities analysts have recently commented on AVAV shares. Royal Bank of Canada lifted their price target on shares of AeroVironment from $160.00 to $165.00 and gave the stock an “outperform” rating in a report on Friday, April 5th. William Blair reissued an “outperform” rating on shares of AeroVironment in a research note on Tuesday, March 5th. Finally, Robert W. Baird reissued a “neutral” rating and set a $161.00 target price on shares of AeroVironment in a research note on Friday, March 8th. Three equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, AeroVironment has an average rating of “Moderate Buy” and a consensus target price of $140.20.

Insider Buying and Selling at AeroVironment

In other AeroVironment news, VP Trace E. Stevenson sold 1,913 shares of AeroVironment stock in a transaction on Thursday, March 7th. The shares were sold at an average price of $183.00, for a total value of $350,079.00. Following the completion of the sale, the vice president now directly owns 2,570 shares of the company’s stock, valued at $470,310. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In other news, SVP Melissa Ann Brown sold 1,000 shares of the business’s stock in a transaction dated Thursday, March 7th. The shares were sold at an average price of $176.77, for a total transaction of $176,770.00. Following the completion of the sale, the senior vice president now directly owns 12,339 shares of the company’s stock, valued at $2,181,165.03. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, VP Trace E. Stevenson sold 1,913 shares of the business’s stock in a transaction dated Thursday, March 7th. The stock was sold at an average price of $183.00, for a total transaction of $350,079.00. Following the sale, the vice president now directly owns 2,570 shares of the company’s stock, valued at $470,310. The disclosure for this sale can be found here. Insiders own 1.40% of the company’s stock.

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.