US Bancorp DE Acquires 961 Shares of AeroVironment, Inc. $AVAV

US Bancorp DE grew its holdings in shares of AeroVironment, Inc. (NASDAQ:AVAV) by 13.5% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 8,068 shares of the aerospace company’s stock after purchasing an additional 961 shares during the quarter. US Bancorp DE’s holdings in AeroVironment were worth $2,299,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in AVAV. ORG Partners LLC boosted its position in AeroVironment by 296.0% during the second quarter. ORG Partners LLC now owns 99 shares of the aerospace company’s stock worth $27,000 after purchasing an additional 74 shares during the period. RMG Wealth Management LLC bought a new position in AeroVironment during the second quarter worth about $28,000. Spirit of America Management Corp NY bought a new position in AeroVironment during the first quarter worth about $36,000. BI Asset Management Fondsmaeglerselskab A S bought a new position in AeroVironment during the first quarter worth about $40,000. Finally, Signaturefd LLC boosted its position in AeroVironment by 56.1% during the first quarter. Signaturefd LLC now owns 398 shares of the aerospace company’s stock worth $47,000 after purchasing an additional 143 shares during the period. Institutional investors own 86.38% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on AVAV shares. Stifel Nicolaus increased their target price on shares of AeroVironment from $295.00 to $389.00 and gave the stock a “buy” rating in a research report on Thursday, October 2nd. Weiss Ratings upgraded shares of AeroVironment from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Wednesday, October 8th. The Goldman Sachs Group raised their price objective on shares of AeroVironment from $300.00 to $333.00 and gave the company a “buy” rating in a research report on Thursday, October 2nd. Wall Street Zen upgraded shares of AeroVironment from a “sell” rating to a “hold” rating in a research report on Sunday, June 22nd. Finally, KeyCorp began coverage on shares of AeroVironment in a research report on Sunday, June 29th. They issued an “overweight” rating for the company. Two analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus target price of $356.07.

Insider Activity at AeroVironment

In other AeroVironment news, insider Trace E. Stevenson sold 1,717 shares of AeroVironment stock in a transaction that occurred on Monday, October 6th. The shares were sold at an average price of $381.00, for a total transaction of $654,177.00. Following the transaction, the insider directly owned 4,907 shares of the company’s stock, valued at approximately $1,869,567. This trade represents a 25.92% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CFO Kevin Patrick Mcdonnell sold 998 shares of AeroVironment stock in a transaction that occurred on Friday, October 10th. The stock was sold at an average price of $399.74, for a total transaction of $398,940.52. Following the transaction, the chief financial officer directly owned 19,324 shares in the company, valued at $7,724,575.76. This trade represents a 4.91% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.81% of the company’s stock.

AeroVironment Trading Down 4.2%

Shares of AeroVironment stock opened at $384.69 on Thursday. AeroVironment, Inc. has a 1 year low of $102.25 and a 1 year high of $417.86. The firm has a market cap of $19.21 billion, a PE ratio of -601.07, a PEG ratio of 6.81 and a beta of 0.99. The company has a debt-to-equity ratio of 0.16, a current ratio of 5.96 and a quick ratio of 5.12. The company has a 50 day simple moving average of $285.35 and a two-hundred day simple moving average of $225.41.

AeroVironment (NASDAQ:AVAV) last announced its earnings results on Monday, August 28th. The aerospace company reported $0.12 earnings per share (EPS) for the quarter. AeroVironment had a negative net margin of 4.14% and a positive return on equity of 4.67%. The business had revenue of $132.62 million during the quarter. Analysts expect that AeroVironment, Inc. will post 3.38 earnings per share for the current fiscal year.

AeroVironment Company 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.