Walleye Capital LLC Invests $572,000 in AeroVironment, Inc. (NASDAQ:AVAV)

Walleye Capital LLC bought a new position in AeroVironment, Inc. (NASDAQ:AVAVGet Rating) during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 6,961 shares of the aerospace company’s stock, valued at approximately $572,000.

Several other large investors have also recently made changes to their positions in the company. Victory Capital Management Inc. increased its holdings in shares of AeroVironment by 2.9% in the second quarter. Victory Capital Management Inc. now owns 5,268 shares of the aerospace company’s stock worth $433,000 after purchasing an additional 147 shares during the last quarter. Mutual of America Capital Management LLC increased its stake in AeroVironment by 5.5% during the first quarter. Mutual of America Capital Management LLC now owns 3,325 shares of the aerospace company’s stock worth $313,000 after acquiring an additional 173 shares during the last quarter. Maryland State Retirement & Pension System increased its stake in AeroVironment by 2.0% during the second quarter. Maryland State Retirement & Pension System now owns 9,438 shares of the aerospace company’s stock worth $776,000 after acquiring an additional 184 shares during the last quarter. New York State Teachers Retirement System increased its stake in AeroVironment by 1.1% during the second quarter. New York State Teachers Retirement System now owns 17,667 shares of the aerospace company’s stock worth $1,452,000 after acquiring an additional 200 shares during the last quarter. Finally, US Bancorp DE increased its stake in AeroVironment by 24.4% during the second quarter. US Bancorp DE now owns 1,254 shares of the aerospace company’s stock worth $103,000 after acquiring an additional 246 shares during the last quarter. 88.40% of the stock is owned by institutional investors.

AeroVironment Stock Down 3.6 %

Shares of NASDAQ AVAV opened at $89.60 on Tuesday. The company has a debt-to-equity ratio of 0.29, a quick ratio of 2.70 and a current ratio of 3.73. The firm has a market capitalization of $2.24 billion, a price-to-earnings ratio of 1,792.36 and a beta of 0.54. The stock has a 50 day moving average price of $86.47 and a 200 day moving average price of $86.72. AeroVironment, Inc. has a 52-week low of $52.03 and a 52-week high of $114.11.

AeroVironment (NASDAQ:AVAVGet Rating) last announced its quarterly earnings results on Wednesday, September 7th. The aerospace company reported ($0.10) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.19). The firm had revenue of $108.52 million during the quarter, compared to analysts’ expectations of $103.41 million. AeroVironment had a net margin of 0.31% and a return on equity of 5.39%. The firm’s revenue for the quarter was up 7.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($0.17) EPS. Sell-side analysts expect that AeroVironment, Inc. will post 1.63 earnings per share for the current year.

Wall Street Analysts Forecast Growth

AVAV has been the topic of several analyst reports. Royal Bank of Canada boosted their price objective on AeroVironment from $100.00 to $115.00 in a research note on Monday, August 22nd. Raymond James raised AeroVironment from a “market perform” rating to an “outperform” rating and set a $100.00 price objective on the stock in a research note on Thursday, November 10th. Finally, StockNews.com assumed coverage on AeroVironment in a research note on Wednesday, October 12th. They set a “hold” rating on the stock. Four research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $90.38.

Insider Activity at AeroVironment

In related news, CAO Brian Charles Shackley sold 500 shares of the business’s stock in a transaction that occurred on Monday, September 12th. The stock was sold at an average price of $100.39, for a total value of $50,195.00. Following the completion of the sale, the chief accounting officer now owns 3,382 shares in the company, valued at $339,518.98. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other AeroVironment news, Director Charles Thomas Burbage sold 7,324 shares of the company’s stock in a transaction on Thursday, September 15th. The stock was sold at an average price of $94.68, for a total transaction of $693,436.32. Following the completion of the sale, the director now owns 47,602 shares in the company, valued at $4,506,957.36. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CAO Brian Charles Shackley sold 500 shares of the company’s stock in a transaction on Monday, September 12th. The stock was sold at an average price of $100.39, for a total value of $50,195.00. Following the sale, the chief accounting officer now owns 3,382 shares of the company’s stock, valued at approximately $339,518.98. The disclosure for this sale can be found here. 1.80% of the stock is owned by company insiders.

AeroVironment Profile

(Get Rating)

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 four segments: Unmanned Aircraft Systems (UAS), Tactical Missile System (TMS), Medium Unmanned Aircraft Systems (MUAS), and High Altitude Pseudo-Satellite Systems (HAPS).

Read More

Want to see what other hedge funds are holding AVAV? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for AeroVironment, Inc. (NASDAQ:AVAVGet Rating).

Institutional Ownership by Quarter for AeroVironment (NASDAQ:AVAV)

Receive News & Ratings for AeroVironment Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for AeroVironment and related companies with MarketBeat.com's FREE daily email newsletter.