AeroVironment, Inc. (NASDAQ:AVAV) Shares Bought by Xponance Inc.

Xponance Inc. boosted its holdings in shares of AeroVironment, Inc. (NASDAQ:AVAV) by 6.6% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,130 shares of the aerospace company’s stock after buying an additional 132 shares during the quarter. Xponance Inc.’s holdings in AeroVironment were worth $254,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in AVAV. CoreCap Advisors LLC raised its holdings in shares of AeroVironment by 120.2% in the 4th quarter. CoreCap Advisors LLC now owns 185 shares of the aerospace company’s stock valued at $28,000 after purchasing an additional 101 shares in the last quarter. Colonial Trust Advisors acquired a new stake in shares of AeroVironment in the 4th quarter valued at $31,000. Accredited Wealth Management LLC purchased a new position in shares of AeroVironment in the 4th quarter valued at $31,000. MassMutual Private Wealth & Trust FSB grew its position in shares of AeroVironment by 171.1% in the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 244 shares of the aerospace company’s stock valued at $29,000 after buying an additional 154 shares during the last quarter. Finally, Spirit of America Management Corp NY purchased a new position in shares of AeroVironment in the 1st quarter valued at $36,000. 86.38% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at AeroVironment

In related news, CEO Wahid Nawabi sold 17,300 shares of the stock in a transaction dated Wednesday, July 16th. The shares were sold at an average price of $263.05, for a total value of $4,550,765.00. Following the sale, the chief executive officer owned 122,233 shares of the company’s stock, valued at $32,153,390.65. This trade represents a 12.40% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 1.27% of the company’s stock.

AeroVironment Price Performance

Shares of AVAV stock opened at $274.03 on Friday. The company has a market capitalization of $13.52 billion, a PE ratio of 176.79 and a beta of 0.96. The firm has a fifty day simple moving average of $207.55 and a 200-day simple moving average of $170.27. The company has a current ratio of 3.52, a quick ratio of 2.69 and a debt-to-equity ratio of 0.03. AeroVironment, Inc. has a twelve month low of $102.25 and a twelve month high of $295.90.

AeroVironment (NASDAQ:AVAV) last posted its quarterly earnings data on Tuesday, June 24th. The aerospace company reported $1.61 EPS for the quarter, beating analysts’ consensus estimates of $1.41 by $0.20. AeroVironment had a net margin of 5.32% and a return on equity of 10.68%. The firm had revenue of $275.05 million for the quarter, compared to the consensus estimate of $242.69 million. During the same period in the prior year, the firm posted $0.43 EPS. The firm’s revenue was up 39.6% compared to the same quarter last year. Equities research analysts anticipate that AeroVironment, Inc. will post 3.38 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on AVAV shares. The Goldman Sachs Group started coverage on shares of AeroVironment in a report on Monday, June 30th. They issued a “buy” rating and a $301.00 target price on the stock. Raymond James Financial set a $225.00 price objective on shares of AeroVironment and gave the company a “strong-buy” rating in a research note on Wednesday, June 25th. Stifel Nicolaus started coverage on shares of AeroVironment in a research note on Tuesday, June 24th. They issued a “buy” rating and a $240.00 price objective for the company. Oppenheimer reiterated an “outperform” rating on shares of AeroVironment in a research note on Sunday, June 29th. Finally, William Blair started coverage on shares of AeroVironment in a research note on Sunday, June 29th. They issued an “outperform” rating for the company. One equities research analyst has rated the stock with a hold rating, thirteen have issued a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average price target of $268.00.

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.