Aerovironment Inc Stock as Institutional Investors Enter

January 21, 2018 - By reb123z

 Aerovironment Inc Stock  as Institutional Investors Enter

Sentiment for Aerovironment Inc (NASDAQ:AVAV)

Aerovironment Inc (NASDAQ:AVAV) institutional sentiment decreased to 1.87 in 2017 Q3. Its down -0.27, from 2.14 in 2017Q2. The ratio turned negative, as 86 hedge funds started new and increased equity positions, while 46 sold and decreased their positions in Aerovironment Inc. The hedge funds in our partner’s database reported: 17.13 million shares, down from 18.06 million shares in 2017Q2. Also, the number of hedge funds holding Aerovironment Inc in their top 10 equity positions was flat from 2 to 2 for the same number . Sold All: 13 Reduced: 33 Increased: 51 New Position: 35.

AeroVironment, Inc. designs, develops, produces, supports, and operates unmanned aircraft systems and efficient energy systems (EES) in the United States and internationally. The company has market cap of $1.26 billion. The firm offers small UAS products to deliver intelligence, surveillance, and reconnaissance; and communications, such as real-time tactical reconnaissance, tracking, combat assessment, and geographic data to the small tactical unit or individual operator. It has a 40.82 P/E ratio. The Company’s small UAS wirelessly transmit critical live video and other information to a hand-held ground control unit enabling the operator to view and capture images; ground control systems allow the operator to control the aircraft; and tactical missile systems designed to be reusable for various flights and to be recovered through an autonomous landing feature that enables a controlled descent to a designated location.

The stock increased 1.69% or $0.89 during the last trading session, reaching $53.6. About 170,452 shares traded. AeroVironment, Inc. (NASDAQ:AVAV) has risen 11.69% since January 21, 2017 and is uptrending. It has underperformed by 5.01% the S&P500.

Analysts await AeroVironment, Inc. (NASDAQ:AVAV) to report earnings on March, 6. They expect $0.09 EPS, up 200.00 % or $0.18 from last year’s $-0.09 per share. AVAV’s profit will be $2.11 million for 148.89 P/E if the $0.09 EPS becomes a reality. After $0.29 actual EPS reported by AeroVironment, Inc. for the previous quarter, Wall Street now forecasts -68.97 % negative EPS growth.

American Capital Management Inc holds 4.44% of its portfolio in AeroVironment, Inc. for 1.31 million shares. Awm Investment Company Inc. owns 154,621 shares or 1.46% of their US portfolio. Moreover, Vident Investment Advisory Llc has 1.39% invested in the company for 474,428 shares. The California-based Granite Investment Partners Llc has invested 1.21% in the stock. Pier Capital Llc, a Connecticut-based fund reported 111,136 shares.#img1#

Since January 1, 0001, it had 0 insider purchases, and 8 insider sales for $2.98 million activity.

AeroVironment, Inc. (NASDAQ:AVAV) Ratings Coverage

Ratings analysis reveals 0 of AeroVironment’s analysts are positive. Out of 6 Wall Street analysts rating AeroVironment, 0 give it “Buy”, 1 “Sell” rating, while 5 recommend “Hold”. The lowest target is $24 while the high is $50.0. The stock’s average target of $44.75 is -16.51% below today’s ($53.6) share price. AVAV was included in 24 notes of analysts from August 21, 2015. The firm has “Hold” rating by Jefferies given on Friday, June 23. The rating was upgraded by Piper Jaffray on Monday, September 14 to “Overweight”. Piper Jaffray maintained the shares of AVAV in report on Wednesday, August 30 with “Hold” rating. The rating was downgraded by TheStreet on Thursday, September 3 to “Sell”. As per Thursday, August 10, the company rating was maintained by Canaccord Genuity. The rating was maintained by Robert W. Baird on Monday, August 28 with “Hold”. The stock has “Neutral” rating by Robert W. Baird on Thursday, October 6. Robert W. Baird maintained it with “Hold” rating and $50.0 target in Wednesday, December 6 report. Jefferies maintained AeroVironment, Inc. (NASDAQ:AVAV) on Wednesday, August 2 with “Hold” rating. Canaccord Genuity maintained AeroVironment, Inc. (NASDAQ:AVAV) on Wednesday, August 30 with “Hold” rating.

More news for AeroVironment, Inc. (NASDAQ:AVAV) were recently published by: Businesswire.com, which released: “AeroVironment Announces Joint Venture and Solar High-Altitude Long-Endurance …” on January 03, 2018. Fool.com‘s article titled: “Why Shares of AeroVironment, Inc. Popped 23% in December” and published on January 10, 2018 is yet another important article.

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