Teacher Retirement System of Texas Acquires 162 Shares of AeroVironment, Inc. $AVAV

Teacher Retirement System of Texas raised its holdings in shares of AeroVironment, Inc. (NASDAQ:AVAV) by 3.9% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 4,285 shares of the aerospace company’s stock after purchasing an additional 162 shares during the quarter. Teacher Retirement System of Texas’ holdings in AeroVironment were worth $1,221,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. ORG Partners LLC lifted its position in shares of AeroVironment by 296.0% during the second quarter. ORG Partners LLC now owns 99 shares of the aerospace company’s stock worth $27,000 after purchasing an additional 74 shares during the last quarter. RMG Wealth Management LLC bought a new stake in shares of AeroVironment in the second quarter valued at about $28,000. Bessemer Group Inc. raised its holdings in shares of AeroVironment by 60.3% in the second quarter. Bessemer Group Inc. now owns 117 shares of the aerospace company’s stock valued at $33,000 after acquiring an additional 44 shares in the last quarter. BI Asset Management Fondsmaeglerselskab A S bought a new stake in shares of AeroVironment in the first quarter valued at about $40,000. Finally, Cullen Frost Bankers Inc. bought a new stake in shares of AeroVironment in the second quarter valued at about $46,000. 86.38% of the stock is currently owned by institutional investors.

Insider Transactions at AeroVironment

In other news, CFO Kevin Patrick Mcdonnell sold 998 shares of the business’s stock in a transaction dated Friday, October 10th. The stock was sold at an average price of $399.74, for a total transaction of $398,940.52. Following the sale, the chief financial officer owned 19,324 shares in the company, valued at approximately $7,724,575.76. The trade was a 4.91% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Trace E. Stevenson sold 1,717 shares of the business’s stock in a transaction dated Monday, October 6th. The stock was sold at an average price of $381.00, for a total value of $654,177.00. Following the sale, the insider owned 4,907 shares in the company, valued at $1,869,567. The trade was a 25.92% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders own 0.81% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on AVAV shares. JMP Securities lifted their price objective on AeroVironment from $325.00 to $400.00 and gave the company a “market outperform” rating in a report on Friday, October 3rd. Canaccord Genuity Group lifted their price objective on AeroVironment from $305.00 to $430.00 and gave the company a “buy” rating in a report on Tuesday, October 7th. The Goldman Sachs Group lifted their price objective on AeroVironment from $300.00 to $333.00 and gave the company a “buy” rating in a report on Thursday, October 2nd. New Street Research set a $365.00 price objective on AeroVironment in a report on Wednesday, October 1st. Finally, Stifel Nicolaus lifted their price objective on AeroVironment from $295.00 to $389.00 and gave the company a “buy” rating in a report on Thursday, October 2nd. Two investment analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $356.07.

AeroVironment Stock Performance

Shares of AeroVironment stock opened at $350.70 on Thursday. The company has a market capitalization of $17.51 billion, a PE ratio of -547.96, a P/E/G ratio of 5.37 and a beta of 0.99. The company has a debt-to-equity ratio of 0.16, a quick ratio of 5.12 and a current ratio of 5.96. The company has a 50-day simple moving average of $322.29 and a two-hundred day simple moving average of $251.56. AeroVironment, Inc. has a one year low of $102.25 and a one year high of $417.86.

AeroVironment (NASDAQ:AVAV) last announced its earnings results on Monday, August 28th. The aerospace company reported $0.12 EPS for the quarter. The business had revenue of $132.62 million during the quarter. AeroVironment had a negative net margin of 4.14% and a positive return on equity of 4.67%. Research analysts expect that AeroVironment, Inc. will post 3.38 EPS for the current fiscal year.

About AeroVironment

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.