Kestra Private Wealth Services LLC Invests $314,000 in AeroVironment, Inc. (NASDAQ:AVAV)

Kestra Private Wealth Services LLC purchased a new stake in shares of AeroVironment, Inc. (NASDAQ:AVAV) during the 4th quarter, according to its most recent disclosure with the SEC. The fund purchased 2,495 shares of the aerospace company’s stock, valued at approximately $314,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Lord Abbett & CO. LLC boosted its stake in shares of AeroVironment by 106.9% during the third quarter. Lord Abbett & CO. LLC now owns 556,853 shares of the aerospace company’s stock valued at $62,106,000 after purchasing an additional 287,730 shares in the last quarter. Vanguard Group Inc. grew its holdings in AeroVironment by 7.9% during the 3rd quarter. Vanguard Group Inc. now owns 2,860,954 shares of the aerospace company’s stock worth $319,082,000 after acquiring an additional 209,359 shares during the last quarter. International Assets Investment Management LLC acquired a new position in AeroVironment in the 4th quarter valued at approximately $20,287,000. Congress Asset Management Co. MA raised its stake in shares of AeroVironment by 17.2% during the third quarter. Congress Asset Management Co. MA now owns 304,460 shares of the aerospace company’s stock valued at $33,956,000 after acquiring an additional 44,748 shares during the last quarter. Finally, Quadrature Capital Ltd lifted its holdings in shares of AeroVironment by 273.6% during the third quarter. Quadrature Capital Ltd now owns 55,184 shares of the aerospace company’s stock worth $6,151,000 after purchasing an additional 40,415 shares during the period. 86.38% of the stock is owned by institutional investors.

AeroVironment Stock Up 1.0 %

Shares of AeroVironment stock opened at $181.46 on Thursday. The firm has a market cap of $5.11 billion, a price-to-earnings ratio of -42.10 and a beta of 0.44. The stock’s 50-day moving average is $154.48 and its 200 day moving average is $135.24. The company has a debt-to-equity ratio of 0.04, a current ratio of 4.66 and a quick ratio of 3.16. AeroVironment, Inc. has a one year low of $88.24 and a one year high of $184.61.

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

Analyst Ratings Changes

AVAV has been the subject of several analyst reports. Royal Bank of Canada raised their target price on AeroVironment from $160.00 to $165.00 and gave the stock an “outperform” rating in a research report on Friday, April 5th. William Blair restated an “outperform” rating on shares of AeroVironment in a research report on Tuesday, March 5th. Finally, Robert W. Baird reissued a “neutral” rating and set a $161.00 target price on shares of AeroVironment in a research report on Friday, March 8th. Three investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $140.20.

Insider Activity at AeroVironment

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

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.