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

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

Other institutional investors also recently added to or reduced their stakes in the company. Bfsg LLC acquired a new stake in AeroVironment during the fourth quarter valued at approximately $25,000. GAMMA Investing LLC acquired a new position in shares of AeroVironment in the 4th quarter worth approximately $32,000. RiverPark Advisors LLC boosted its holdings in shares of AeroVironment by 77.2% in the 4th quarter. RiverPark Advisors LLC now owns 388 shares of the aerospace company’s stock worth $49,000 after acquiring an additional 169 shares in the last quarter. IFP Advisors Inc boosted its holdings in shares of AeroVironment by 19.5% in the 3rd quarter. IFP Advisors Inc now owns 581 shares of the aerospace company’s stock worth $65,000 after acquiring an additional 95 shares in the last quarter. Finally, Householder Group Estate & Retirement Specialist LLC acquired a new position in shares of AeroVironment in the 4th quarter worth approximately $69,000. 86.38% of the stock is owned by institutional investors and hedge funds.

AeroVironment Trading Up 1.6 %

Shares of AeroVironment stock traded up $2.45 on Friday, hitting $158.09. 202,576 shares of the company’s stock traded hands, compared to its average volume of 328,527. The firm’s 50-day moving average price is $147.28 and its two-hundred day moving average price is $131.94. The stock has a market capitalization of $4.45 billion, a PE ratio of -36.68 and a beta of 0.44. AeroVironment, Inc. has a one year low of $88.24 and a one year high of $184.61. 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 issued its earnings results on Monday, March 4th. The aerospace company reported $0.63 EPS for the quarter, beating the consensus estimate of $0.33 by $0.30. The company had revenue of $186.60 million during the quarter, compared to analysts’ expectations of $170.62 million. AeroVironment had a negative net margin of 15.14% and a positive return on equity of 13.93%. The business’s revenue for the quarter was up 38.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.33 EPS. On average, research analysts expect that AeroVironment, Inc. will post 2.8 EPS for the current fiscal year.

Insider Buying and Selling at AeroVironment

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

Analyst Upgrades and Downgrades

Several brokerages have recently commented on AVAV. Royal Bank of Canada boosted their target price on 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 report on Tuesday, March 5th. Finally, Robert W. Baird reissued a “neutral” rating and issued a $161.00 target price on shares of AeroVironment in a report on Friday, March 8th. Three investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $140.20.

AeroVironment 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.