Foundations Investment Advisors LLC Makes New Investment in AeroVironment, Inc. $AVAV

Foundations Investment Advisors LLC acquired a new stake in shares of AeroVironment, Inc. (NASDAQ:AVAV) during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor acquired 713 shares of the aerospace company’s stock, valued at approximately $203,000.

Other large investors also recently modified their holdings of the company. ORG Partners LLC raised its stake in shares of 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 acquiring an additional 74 shares in the last quarter. RMG Wealth Management LLC purchased a new stake in shares of AeroVironment in the 2nd quarter valued at $28,000. Bessemer Group Inc. grew its holdings in shares of AeroVironment by 60.3% during the 2nd quarter. Bessemer Group Inc. now owns 117 shares of the aerospace company’s stock valued at $33,000 after purchasing an additional 44 shares during the last quarter. BI Asset Management Fondsmaeglerselskab A S purchased a new position in AeroVironment in the 1st quarter worth $40,000. Finally, Cullen Frost Bankers Inc. purchased a new stake in AeroVironment during the second quarter valued at about $46,000. 86.38% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at AeroVironment

In related news, insider Trace E. Stevenson sold 1,717 shares of the company’s stock in a transaction dated 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 in the company, valued at $1,869,567. The trade was a 25.92% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Kevin Patrick Mcdonnell sold 998 shares of the stock in a transaction dated Friday, October 10th. The shares were 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 in the company, valued at $7,724,575.76. This trade represents a 4.91% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 3,228 shares of company stock worth $1,223,157. 0.81% of the stock is currently owned by company insiders.

AeroVironment Trading Down 0.5%

Shares of NASDAQ AVAV opened at $272.54 on Friday. AeroVironment, Inc. has a 1 year low of $102.25 and a 1 year high of $417.86. 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 firm has a 50-day moving average of $337.47 and a 200 day moving average of $263.37. The stock has a market cap of $13.61 billion, a P/E ratio of -425.84, a price-to-earnings-growth ratio of 5.37 and a beta of 1.09.

AeroVironment (NASDAQ:AVAV) last released its earnings results on Monday, August 28th. The aerospace company reported $0.12 earnings per share (EPS) for the quarter. The firm 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 expect that AeroVironment, Inc. will post 3.38 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on AVAV shares. Citizens Jmp began coverage on AeroVironment in a report on Monday, August 4th. They set a “strong-buy” rating and a $325.00 target price for the company. Zacks Research cut shares of AeroVironment from a “hold” rating to a “strong sell” rating in a research report on Monday, November 10th. BTIG Research increased their target price on shares of AeroVironment from $300.00 to $415.00 and gave the stock a “buy” rating in a report on Friday, October 3rd. New Street Research set a $365.00 target price on AeroVironment in a research note on Wednesday, October 1st. Finally, Citigroup restated an “outperform” rating on shares of AeroVironment in a report on Friday, October 3rd. Three investment analysts have rated the stock with a Strong Buy rating, eighteen have given a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus 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.