Aerovironment Inc (NASDAQ:AVAV) Sentiment Improved, Despite

April 16, 2018 - By Darrin Black

AeroVironment, Inc. (NASDAQ:AVAV) Logo

Sentiment for Aerovironment Inc (NASDAQ:AVAV)

Aerovironment Inc (NASDAQ:AVAV) institutional sentiment decreased to 1.26 in Q4 2017. Its down -0.61, from 1.87 in 2017Q3. The ratio has dropped, as 82 active investment managers opened new and increased stock positions, while 65 cut down and sold positions in Aerovironment Inc. The active investment managers in our partner’s database now own: 17.40 million shares, up from 17.13 million shares in 2017Q3. Also, the number of active investment managers holding Aerovironment Inc in their top 10 stock positions was flat from 2 to 2 for the same number . Sold All: 15 Reduced: 50 Increased: 48 New Position: 34.

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 $1.33 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 42.01 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 0.84% or $0.47 during the last trading session, reaching $56.71. About 65,169 shares traded. AeroVironment, Inc. (NASDAQ:AVAV) has risen 65.98% since April 16, 2017 and is uptrending. It has outperformed by 54.43% the S&P500.

Analysts await AeroVironment, Inc. (NASDAQ:AVAV) to report earnings on June, 26. They expect $0.43 EPS, down 66.92 % or $0.87 from last year’s $1.3 per share. AVAV’s profit will be $10.09M for 32.97 P/E if the $0.43 EPS becomes a reality. After $0.09 actual EPS reported by AeroVironment, Inc. for the previous quarter, Wall Street now forecasts 377.78 % EPS growth.

American Capital Management Inc holds 4.86% of its portfolio in AeroVironment, Inc. for 1.44 million shares. Vident Investment Advisory Llc owns 581,600 shares or 1.47% of their US portfolio. Moreover, Wellington Shields & Co. Llc has 1.09% invested in the company for 36,000 shares. The South Carolina-based Canal Insurance Co has invested 1% in the stock. Granite Investment Partners Llc, a California-based fund reported 186,275 shares.#img1#

Since January 1, 0001, it had 0 insider purchases, and 7 selling transactions for $2.69 million activity.

AeroVironment, Inc. (NASDAQ:AVAV) Ratings Coverage

Ratings analysis reveals 20% of AeroVironment’s analysts are positive. Out of 5 Wall Street analysts rating AeroVironment, 1 give it “Buy”, 0 “Sell” rating, while 4 recommend “Hold”. The lowest target is $35.0 while the high is $50.0. The stock’s average target of $46.75 is -17.56% below today’s ($56.71) share price. AVAV was included in 7 notes of analysts from October 23, 2017. Piper Jaffray maintained the stock with “Hold” rating in Wednesday, December 6 report. Robert W. Baird maintained the shares of AVAV in report on Monday, October 23 with “Hold” rating. The rating was maintained by Canaccord Genuity with “Hold” on Tuesday, December 5. The stock of AeroVironment, Inc. (NASDAQ:AVAV) earned “Hold” rating by Robert W. Baird on Wednesday, December 6. The stock of AeroVironment, Inc. (NASDAQ:AVAV) earned “Buy” rating by Stifel Nicolaus on Wednesday, April 11.

AeroVironment, Inc. (NASDAQ:AVAV) Institutional Positions Chart

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