2,210 Shares in AeroVironment, Inc. $AVAV Acquired by Nvwm LLC

Nvwm LLC bought a new stake in shares of AeroVironment, Inc. (NASDAQ:AVAV) in the second quarter, HoldingsChannel.com reports. The firm bought 2,210 shares of the aerospace company’s stock, valued at approximately $630,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Teacher Retirement System of Texas bought a new stake in shares of AeroVironment in the first quarter worth $491,000. Principal Financial Group Inc. grew its stake in shares of AeroVironment by 2.3% during the 1st quarter. Principal Financial Group Inc. now owns 139,835 shares of the aerospace company’s stock valued at $16,667,000 after purchasing an additional 3,183 shares during the period. M&T Bank Corp grew its stake in shares of AeroVironment by 11.2% during the 1st quarter. M&T Bank Corp now owns 5,894 shares of the aerospace company’s stock valued at $702,000 after purchasing an additional 595 shares during the period. Linden Thomas Advisory Services LLC increased its position in shares of AeroVironment by 8.8% during the 1st quarter. Linden Thomas Advisory Services LLC now owns 1,926 shares of the aerospace company’s stock valued at $230,000 after purchasing an additional 156 shares during the last quarter. Finally, Leavell Investment Management Inc. lifted its stake in shares of AeroVironment by 93.6% in the 1st quarter. Leavell Investment Management Inc. now owns 4,550 shares of the aerospace company’s stock worth $542,000 after purchasing an additional 2,200 shares during the period. 86.38% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts recently issued reports on AVAV shares. New Street Research set a $365.00 target price on shares of AeroVironment in a research report on Wednesday, October 1st. Weiss Ratings lowered AeroVironment from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Friday, October 24th. Citigroup reaffirmed an “outperform” rating on shares of AeroVironment in a report on Friday, October 3rd. BTIG Research boosted their price target on AeroVironment from $300.00 to $415.00 and gave the company a “buy” rating in a report on Friday, October 3rd. Finally, Needham & Company LLC restated a “buy” rating and issued a $300.00 price target on shares of AeroVironment in a research report on Wednesday, September 10th. Two analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $356.07.

AeroVironment Stock Performance

AVAV opened at $329.65 on Friday. The company has a debt-to-equity ratio of 0.16, a quick ratio of 5.12 and a current ratio of 5.96. The stock has a market capitalization of $16.46 billion, a price-to-earnings ratio of -515.07, a PEG ratio of 5.37 and a beta of 1.09. The company has a fifty day moving average of $325.64 and a 200 day moving average of $253.38. AeroVironment, Inc. has a fifty-two week low of $102.25 and a fifty-two week high of $417.86.

AeroVironment (NASDAQ:AVAV) last released its quarterly earnings data on Monday, August 28th. The aerospace company reported $0.12 EPS for the quarter. The business had revenue of $132.62 million during the quarter. AeroVironment had a negative net margin of 4.14% and a positive return on equity of 4.67%. As a group, sell-side analysts forecast that AeroVironment, Inc. will post 3.38 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, CFO Kevin Patrick Mcdonnell sold 998 shares of the company’s 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 sale, the chief financial officer directly owned 19,324 shares of the company’s stock, valued at $7,724,575.76. This represents a 4.91% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Trace E. Stevenson sold 1,717 shares of the stock in a transaction that occurred on Monday, October 6th. The shares were sold at an average price of $381.00, for a total value of $654,177.00. Following the transaction, the insider owned 4,907 shares of the company’s stock, valued at $1,869,567. This represents a 25.92% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 0.81% of the stock is currently owned by corporate insiders.

AeroVironment 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.