AeroVironment, Inc. (AVAV) Shares Bought by LaFleur & Godfrey LLC

LaFleur & Godfrey LLC grew its position in AeroVironment, Inc. (NASDAQ:AVAV) by 16.5% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 30,612 shares of the aerospace company’s stock after buying an additional 4,325 shares during the quarter. LaFleur & Godfrey LLC owned 0.13% of AeroVironment worth $2,094,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of AVAV. Vanguard Group Inc increased its position in AeroVironment by 25.9% during the 3rd quarter. Vanguard Group Inc now owns 2,628,986 shares of the aerospace company’s stock worth $294,894,000 after purchasing an additional 540,901 shares in the last quarter. Vanguard Group Inc. increased its position in AeroVironment by 25.9% during the 3rd quarter. Vanguard Group Inc. now owns 2,628,986 shares of the aerospace company’s stock worth $294,894,000 after purchasing an additional 540,901 shares in the last quarter. Norges Bank acquired a new position in AeroVironment during the 4th quarter worth approximately $12,704,000. BlackRock Inc. increased its position in AeroVironment by 4.4% during the 4th quarter. BlackRock Inc. now owns 3,852,473 shares of the aerospace company’s stock worth $261,777,000 after purchasing an additional 164,034 shares in the last quarter. Finally, Renaissance Technologies LLC increased its position in AeroVironment by 247.8% during the 3rd quarter. Renaissance Technologies LLC now owns 209,836 shares of the aerospace company’s stock worth $23,537,000 after purchasing an additional 149,500 shares in the last quarter. Institutional investors own 85.73% of the company’s stock.

NASDAQ:AVAV opened at $65.59 on Friday. AeroVironment, Inc. has a 52 week low of $49.69 and a 52 week high of $121.32. The firm has a market capitalization of $1.57 billion, a PE ratio of 60.73, a PEG ratio of 1.64 and a beta of 1.30.

AeroVironment (NASDAQ:AVAV) last posted its quarterly earnings data on Tuesday, March 5th. The aerospace company reported $0.35 EPS for the quarter, beating the Zacks’ consensus estimate of $0.14 by $0.21. The company had revenue of $75.32 million for the quarter, compared to analyst estimates of $75.30 million. AeroVironment had a net margin of 17.48% and a return on equity of 11.40%. On average, sell-side analysts anticipate that AeroVironment, Inc. will post 1.49 earnings per share for the current year.

In related news, Chairman Timothy E. Conver sold 20,700 shares of the stock in a transaction on Friday, February 22nd. The shares were sold at an average price of $81.53, for a total transaction of $1,687,671.00. Following the transaction, the chairman now directly owns 55,659 shares of the company’s stock, valued at $4,537,878.27. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Chairman Timothy E. Conver sold 15,987 shares of the company’s stock in a transaction on Wednesday, April 17th. The stock was sold at an average price of $65.80, for a total transaction of $1,051,944.60. Following the transaction, the chairman now owns 55,659 shares in the company, valued at approximately $3,662,362.20. The disclosure for this sale can be found here. Over the last three months, insiders have sold 108,077 shares of company stock worth $7,993,773. 11.70% of the stock is owned by insiders.

A number of research firms recently issued reports on AVAV. Zacks Investment Research upgraded shares of AeroVironment from a “hold” rating to a “buy” rating and set a $79.00 price objective for the company in a research report on Tuesday, April 30th. BidaskClub upgraded shares of AeroVironment from a “sell” rating to a “hold” rating in a research report on Tuesday, April 30th. ValuEngine cut shares of AeroVironment from a “buy” rating to a “hold” rating in a research report on Thursday, April 4th. Finally, TheStreet cut shares of AeroVironment from an “a-” rating to a “c+” rating in a research report on Monday, March 11th. Seven research analysts have rated the stock with a hold rating and two have given a buy rating to the company. AeroVironment presently has an average rating of “Hold” and a consensus target price of $75.60.

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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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