Royce & Associates LP trimmed its holdings in AeroVironment, Inc. (NASDAQ:AVAV) by 32.8% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 22,500 shares of the aerospace company’s stock after selling 11,000 shares during the quarter. Royce & Associates LP’s holdings in AeroVironment were worth $1,529,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. IMS Capital Management acquired a new position in shares of AeroVironment in the 3rd quarter valued at about $25,000. Laurel Wealth Advisors LLC acquired a new position in shares of AeroVironment in the 4th quarter valued at about $68,000. Bank of Montreal Can increased its holdings in shares of AeroVironment by 12.9% in the 4th quarter. Bank of Montreal Can now owns 1,350 shares of the aerospace company’s stock valued at $91,000 after purchasing an additional 154 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of AeroVironment by 24.7% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,496 shares of the aerospace company’s stock valued at $102,000 after purchasing an additional 296 shares during the period. Finally, Mitsubishi UFJ Kokusai Asset Management Co. Ltd. acquired a new position in shares of AeroVironment in the 4th quarter valued at about $122,000. 84.82% of the stock is owned by institutional investors.

AVAV has been the topic of a number of research reports. Drexel Hamilton restated a “hold” rating on shares of AeroVironment in a report on Friday, November 30th. Zacks Investment Research upgraded AeroVironment from a “hold” rating to a “strong-buy” rating and set a $88.00 price objective on the stock in a report on Monday, December 3rd. BidaskClub downgraded AeroVironment from a “buy” rating to a “hold” rating in a report on Tuesday, December 4th. ValuEngine upgraded AeroVironment from a “hold” rating to a “buy” rating in a report on Saturday, December 15th. Finally, William Blair initiated coverage on AeroVironment in a report on Thursday, January 24th. They issued an “outperform” rating and a $73.60 price objective on the stock. Five equities research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the stock. AeroVironment currently has an average rating of “Buy” and an average price target of $77.60.

NASDAQ:AVAV opened at $75.15 on Friday. AeroVironment, Inc. has a 52 week low of $44.26 and a 52 week high of $121.32. The company has a market capitalization of $1.89 billion, a P/E ratio of 69.58, a PEG ratio of 2.16 and a beta of 1.36.

AeroVironment (NASDAQ:AVAV) last announced its earnings results on Tuesday, March 5th. The aerospace company reported $0.35 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.14 by $0.21. AeroVironment had a return on equity of 11.40% and a net margin of 17.48%. Analysts expect that AeroVironment, Inc. will post 1.49 EPS for the current fiscal year.

In other AeroVironment news, Chairman Timothy E. Conver sold 20,700 shares of the company’s stock in a transaction that occurred on Friday, January 11th. The stock was sold at an average price of $72.71, for a total transaction of $1,505,097.00. Following the completion of the sale, the chairman now owns 55,659 shares of the company’s stock, valued at $4,046,965.89. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Chairman Timothy E. Conver sold 20,688 shares of the company’s stock in a transaction that occurred on Wednesday, March 6th. The stock was sold at an average price of $82.88, for a total value of $1,714,621.44. Following the sale, the chairman now directly owns 55,659 shares of the company’s stock, valued at approximately $4,613,017.92. The disclosure for this sale can be found here. Insiders have sold 93,138 shares of company stock valued at $7,246,903 in the last ninety days. Company insiders own 11.70% of the company’s stock.

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About AeroVironment

AeroVironment, Inc designs, develops, produces, supports, and operates a portfolio of products and services for government agencies and businesses. The company offers unmanned aircraft systems (UAS) and related services primarily to organizations within the U.S. Department of Defense and to international allied governments; and tactical missile systems and related services to organizations within the U.S.

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Institutional Ownership by Quarter for AeroVironment (NASDAQ:AVAV)

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