International Assets Investment Management LLC Makes New $20.29 Million Investment in AeroVironment, Inc. (NASDAQ:AVAV)

International Assets Investment Management LLC purchased a new stake in AeroVironment, Inc. (NASDAQ:AVAV) during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 160,953 shares of the aerospace company’s stock, valued at approximately $20,287,000.

Several other large investors have also made changes to their positions in AVAV. RiverPark Advisors LLC increased its position in AeroVironment by 77.2% in the 4th quarter. RiverPark Advisors LLC now owns 388 shares of the aerospace company’s stock worth $49,000 after buying an additional 169 shares during the period. Householder Group Estate & Retirement Specialist LLC bought a new stake in AeroVironment in the 4th quarter valued at $69,000. Strs Ohio bought a new stake in AeroVironment in the 3rd quarter valued at $133,000. Allspring Global Investments Holdings LLC grew its position in AeroVironment by 50.9% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 1,206 shares of the aerospace company’s stock worth $135,000 after purchasing an additional 407 shares during the last quarter. Finally, Larson Financial Group LLC increased its holdings in shares of AeroVironment by 6,980.0% during the 3rd quarter. Larson Financial Group LLC now owns 1,416 shares of the aerospace company’s stock worth $158,000 after purchasing an additional 1,396 shares during the period. Institutional investors and hedge funds own 86.38% of the company’s stock.

Insider Activity at AeroVironment

In other news, SVP Melissa Ann Brown sold 1,000 shares of the firm’s stock in a transaction that occurred on Thursday, March 7th. The shares were sold at an average price of $176.77, for a total transaction of $176,770.00. Following the completion of the sale, the senior vice president now owns 12,339 shares of the company’s stock, valued at $2,181,165.03. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. In other AeroVironment news, SVP Melissa Ann Brown sold 1,000 shares of the business’s stock in a transaction on Thursday, March 7th. The stock was sold at an average price of $176.77, for a total value of $176,770.00. Following the transaction, the senior vice president now owns 12,339 shares of the company’s stock, valued at $2,181,165.03. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, VP Trace E. Stevenson sold 1,913 shares of the firm’s stock in a transaction on Thursday, March 7th. The shares were sold at an average price of $183.00, for a total value of $350,079.00. Following the completion of the sale, the vice president now owns 2,570 shares of the company’s stock, valued at $470,310. The disclosure for this sale can be found here. 1.40% of the stock is currently owned by insiders.

AeroVironment Trading Up 1.8 %

Shares of AVAV opened at $168.77 on Friday. The stock has a 50 day simple moving average of $151.17 and a 200-day simple moving average of $133.79. The company has a current ratio of 4.66, a quick ratio of 3.16 and a debt-to-equity ratio of 0.04. The stock has a market cap of $4.75 billion, a PE ratio of -39.16 and a beta of 0.44. AeroVironment, Inc. has a 1 year low of $88.24 and a 1 year high of $184.61.

AeroVironment (NASDAQ:AVAV) last released its quarterly earnings data on Monday, March 4th. The aerospace company reported $0.63 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.33 by $0.30. AeroVironment had a positive return on equity of 13.93% and a negative net margin of 15.14%. The firm had revenue of $186.60 million during the quarter, compared to analyst estimates of $170.62 million. During the same period in the prior year, the company posted $0.33 earnings per share. The business’s revenue for the quarter was up 38.8% compared to the same quarter last year. On average, sell-side analysts predict that AeroVironment, Inc. will post 2.8 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms recently weighed in on AVAV. Robert W. Baird reiterated a “neutral” rating and issued a $161.00 target price on shares of AeroVironment in a research note on Friday, March 8th. Royal Bank of Canada boosted their price objective on AeroVironment from $160.00 to $165.00 and gave the company an “outperform” rating in a research report on Friday, April 5th. Finally, William Blair reaffirmed an “outperform” rating on shares of AeroVironment in a research report on Tuesday, March 5th. Three investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, AeroVironment currently has an average rating of “Moderate Buy” and a consensus price target of $140.20.

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.