Wipfli Financial Advisors LLC Makes New Investment in AeroVironment, Inc. (NASDAQ:AVAV)

Wipfli Financial Advisors LLC acquired a new position in AeroVironment, Inc. (NASDAQ:AVAVGet Rating) in the third quarter, according to the company in its most recent filing with the SEC. The firm acquired 370 shares of the aerospace company’s stock, valued at approximately $31,000.

A number of other hedge funds also recently modified their holdings of AVAV. Cambridge Investment Research Advisors Inc. lifted its position in shares of AeroVironment by 60.5% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 8,134 shares of the aerospace company’s stock worth $766,000 after acquiring an additional 3,066 shares during the period. PNC Financial Services Group Inc. lifted its position in shares of AeroVironment by 54.1% in the 1st quarter. PNC Financial Services Group Inc. now owns 3,679 shares of the aerospace company’s stock worth $348,000 after acquiring an additional 1,291 shares during the period. Natixis Advisors L.P. lifted its position in shares of AeroVironment by 20.3% during the 1st quarter. Natixis Advisors L.P. now owns 18,444 shares of the aerospace company’s stock worth $1,736,000 after buying an additional 3,117 shares during the period. Bank of Montreal Can lifted its position in shares of AeroVironment by 14.8% during the 1st quarter. Bank of Montreal Can now owns 6,918 shares of the aerospace company’s stock worth $656,000 after buying an additional 894 shares during the period. Finally, MetLife Investment Management LLC lifted its position in shares of AeroVironment by 41.4% during the 1st quarter. MetLife Investment Management LLC now owns 11,831 shares of the aerospace company’s stock worth $1,114,000 after buying an additional 3,466 shares during the period. Institutional investors own 88.82% of the company’s stock.

AeroVironment Trading Down 2.3 %

AVAV stock opened at $82.19 on Friday. The business has a fifty day moving average price of $87.26 and a 200 day moving average price of $87.34. AeroVironment, Inc. has a fifty-two week low of $52.03 and a fifty-two week high of $114.11. The stock has a market capitalization of $2.07 billion, a price-to-earnings ratio of -256.84 and a beta of 0.56. The company has a debt-to-equity ratio of 0.26, a current ratio of 3.44 and a quick ratio of 2.39.

Insider Activity at AeroVironment

In other news, Director Stephen F. Page sold 5,089 shares of AeroVironment stock in a transaction on Thursday, January 12th. The stock was sold at an average price of $88.47, for a total value of $450,223.83. Following the completion of the sale, the director now directly owns 34,837 shares of the company’s stock, valued at approximately $3,082,029.39. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 1.80% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the company. StockNews.com assumed coverage on AeroVironment in a research report on Wednesday, October 12th. They set a “hold” rating for the company. Canaccord Genuity Group raised their target price on AeroVironment from $100.00 to $105.00 and gave the stock a “buy” rating in a research report on Friday, November 18th. Canaccord Genuity Group raised their target price on AeroVironment from $105.00 to $106.00 and gave the stock a “buy” rating in a research report on Wednesday, December 7th. Finally, Raymond James upgraded AeroVironment from a “market perform” rating to an “outperform” rating and set a $100.00 target price for the company in a research report on Thursday, November 10th. Three research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat.com, AeroVironment has an average rating of “Moderate Buy” and an average target price of $98.57.

About AeroVironment

(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).

See Also

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Institutional Ownership by Quarter for AeroVironment (NASDAQ:AVAV)

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