Oppenheimer & Co. Inc. Sells 1,773 Shares of AeroVironment, Inc. (NASDAQ:AVAV)

Oppenheimer & Co. Inc. reduced its position in AeroVironment, Inc. (NASDAQ:AVAV - Free Report) by 43.7% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,281 shares of the aerospace company's stock after selling 1,773 shares during the quarter. Oppenheimer & Co. Inc.'s holdings in AeroVironment were worth $272,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently made changes to their positions in the company. CoreCap Advisors LLC lifted its position in shares of AeroVironment by 120.2% during the fourth quarter. CoreCap Advisors LLC now owns 185 shares of the aerospace company's stock worth $28,000 after acquiring an additional 101 shares in the last quarter. Colonial Trust Advisors bought a new stake in shares of AeroVironment during the 4th quarter valued at $31,000. Accredited Wealth Management LLC purchased a new stake in AeroVironment during the 4th quarter worth about $31,000. MassMutual Private Wealth & Trust FSB boosted its stake in AeroVironment by 171.1% in the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 244 shares of the aerospace company's stock worth $29,000 after purchasing an additional 154 shares during the period. Finally, Spirit of America Management Corp NY bought a new position in AeroVironment in the 1st quarter worth about $36,000. 86.38% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

AVAV has been the topic of a number of recent analyst reports. Oppenheimer reissued an "outperform" rating on shares of AeroVironment in a report on Sunday, June 29th. Royal Bank Of Canada increased their target price on shares of AeroVironment from $200.00 to $275.00 and gave the stock an "outperform" rating in a research note on Thursday. Wall Street Zen upgraded shares of AeroVironment from a "sell" rating to a "hold" rating in a research report on Sunday, June 22nd. Jefferies Financial Group increased their price objective on AeroVironment from $275.00 to $285.00 and gave the stock a "buy" rating in a research report on Wednesday. Finally, The Goldman Sachs Group initiated coverage on AeroVironment in a research note on Monday. They set a "buy" rating and a $301.00 price objective for the company. One analyst has rated the stock with a hold rating, twelve have issued a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Buy" and a consensus price target of $256.50.

AeroVironment Price Performance

AVAV traded down $0.31 during trading on Friday, reaching $245.95. The stock had a trading volume of 2,587,653 shares, compared to its average volume of 538,539. The business has a 50-day moving average of $187.89 and a 200-day moving average of $163.44. AeroVironment, Inc. has a one year low of $102.25 and a one year high of $295.90. The company has a debt-to-equity ratio of 0.03, a quick ratio of 2.69 and a current ratio of 3.52. The stock has a market cap of $11.24 billion, a PE ratio of 158.68 and a beta of 0.96.

AeroVironment (NASDAQ:AVAV - Get Free Report) last announced its quarterly earnings data on Tuesday, June 24th. The aerospace company reported $1.61 earnings per share for the quarter, beating analysts' consensus estimates of $1.41 by $0.20. The company had revenue of $275.05 million for the quarter, compared to analysts' expectations of $242.69 million. AeroVironment had a return on equity of 10.68% and a net margin of 5.32%. AeroVironment's revenue for the quarter was up 39.6% compared to the same quarter last year. During the same period last year, the firm posted $0.43 EPS. As a group, equities research analysts anticipate that AeroVironment, Inc. will post 3.38 EPS for the current fiscal year.

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.