Journey Strategic Wealth LLC Buys New Position in AeroVironment, Inc. $AVAV

Journey Strategic Wealth LLC bought a new stake in AeroVironment, Inc. (NASDAQ:AVAV) in the 2nd quarter, according to its most recent disclosure with the SEC. The fund bought 875 shares of the aerospace company’s stock, valued at approximately $249,000.

Several other hedge funds have also made changes to their positions in the business. Vanguard Group Inc. boosted its stake in shares of AeroVironment by 14.3% in the second quarter. Vanguard Group Inc. now owns 3,478,114 shares of the aerospace company’s stock valued at $991,089,000 after purchasing an additional 433,830 shares during the period. Ameriprise Financial Inc. boosted its position in AeroVironment by 281.6% in the 1st quarter. Ameriprise Financial Inc. now owns 430,307 shares of the aerospace company’s stock valued at $51,288,000 after buying an additional 317,530 shares during the period. Alyeska Investment Group L.P. grew its stake in shares of AeroVironment by 48.2% in the first quarter. Alyeska Investment Group L.P. now owns 902,814 shares of the aerospace company’s stock worth $107,606,000 after acquiring an additional 293,553 shares in the last quarter. Nuveen LLC acquired a new position in shares of AeroVironment in the first quarter worth $23,501,000. Finally, Tocqueville Asset Management L.P. purchased a new stake in shares of AeroVironment during the first quarter worth $16,802,000. Institutional investors and hedge funds own 86.38% of the company’s stock.

Insider Buying and Selling

In other AeroVironment news, insider Trace E. Stevenson sold 1,717 shares of the business’s stock in a transaction that occurred on Monday, October 6th. The stock was sold at an average price of $381.00, for a total value of $654,177.00. Following the completion of the sale, the insider owned 4,907 shares in the company, valued at approximately $1,869,567. The trade was a 25.92% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Kevin Patrick Mcdonnell sold 513 shares of the firm’s stock in a transaction that occurred on Monday, November 10th. The stock was sold at an average price of $331.46, for a total transaction of $170,038.98. Following the transaction, the chief financial officer owned 18,811 shares in the company, valued at approximately $6,235,094.06. This trade represents a 2.65% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 3,228 shares of company stock valued at $1,223,157. 0.81% of the stock is owned by company insiders.

AeroVironment Price Performance

Shares of NASDAQ:AVAV opened at $276.99 on Tuesday. AeroVironment, Inc. has a 12 month low of $102.25 and a 12 month high of $417.86. The firm has a market capitalization of $13.83 billion, a P/E ratio of -432.79, a P/E/G ratio of 5.37 and a beta of 1.09. 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’s fifty day moving average price is $337.99 and its 200 day moving average price is $265.60.

AeroVironment (NASDAQ:AVAV) last released its quarterly earnings data 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 company had revenue of $132.62 million during the quarter. As a group, sell-side analysts predict that AeroVironment, Inc. will post 3.38 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the company. William Blair reiterated an “outperform” rating on shares of AeroVironment in a report on Tuesday, September 16th. JMP Securities boosted their price objective on AeroVironment from $325.00 to $400.00 and gave the stock a “market outperform” rating in a research report on Friday, October 3rd. BTIG Research restated a “buy” rating and set a $415.00 target price on shares of AeroVironment in a research note on Monday. Zacks Research downgraded shares of AeroVironment from a “hold” rating to a “strong sell” rating in a research note on Monday, November 10th. Finally, Weiss Ratings reissued a “hold (c-)” rating on shares of AeroVironment in a research report on Thursday. Three research analysts have rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Buy” and an average price target of $358.19.

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.