AeroVironment, Inc. $AVAV Shares Purchased by Allworth Financial LP

Allworth Financial LP grew its holdings in shares of AeroVironment, Inc. (NASDAQ:AVAV) by 319.5% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 667 shares of the aerospace company’s stock after purchasing an additional 508 shares during the quarter. Allworth Financial LP’s holdings in AeroVironment were worth $190,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Signaturefd LLC lifted its stake in shares of AeroVironment by 56.1% in the first quarter. Signaturefd LLC now owns 398 shares of the aerospace company’s stock worth $47,000 after buying an additional 143 shares in the last quarter. Private Advisor Group LLC acquired a new stake in AeroVironment in the 1st quarter valued at about $208,000. Kestra Private Wealth Services LLC lifted its stake in AeroVironment by 2.7% in the 1st quarter. Kestra Private Wealth Services LLC now owns 3,199 shares of the aerospace company’s stock worth $381,000 after purchasing an additional 83 shares in the last quarter. IFP Advisors Inc boosted its holdings in shares of AeroVironment by 128.7% during the 1st quarter. IFP Advisors Inc now owns 1,313 shares of the aerospace company’s stock worth $156,000 after purchasing an additional 739 shares during the last quarter. Finally, Y Intercept Hong Kong Ltd purchased a new stake in shares of AeroVironment in the first quarter valued at approximately $438,000. Hedge funds and other institutional investors own 86.38% of the company’s stock.

AeroVironment Stock Down 1.0%

Shares of AVAV opened at $280.95 on Wednesday. The stock has a market capitalization of $14.03 billion, a PE ratio of -438.98, a P/E/G ratio of 5.37 and a beta of 1.09. AeroVironment, Inc. has a 1 year low of $102.25 and a 1 year high of $417.86. 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’s 50-day simple moving average is $335.57 and its 200-day simple moving average is $262.40.

AeroVironment (NASDAQ:AVAV) last announced its quarterly earnings data on Monday, August 28th. The aerospace company reported $0.12 earnings per share for the quarter. The firm 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%. Analysts forecast that AeroVironment, Inc. will post 3.38 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the company. Needham & Company LLC reiterated a “buy” rating and set a $300.00 price objective on shares of AeroVironment in a research report on Wednesday, September 10th. BNP Paribas Exane assumed coverage on shares of AeroVironment in a research report on Tuesday. They set an “outperform” rating and a $355.00 price target on the stock. Stifel Nicolaus upped their price objective on shares of AeroVironment from $295.00 to $389.00 and gave the company a “buy” rating in a report on Thursday, October 2nd. The Goldman Sachs Group lifted their target price on shares of AeroVironment from $300.00 to $333.00 and gave the stock a “buy” rating in a research note on Thursday, October 2nd. Finally, Robert W. Baird increased their price target on shares of AeroVironment from $267.00 to $350.00 and gave the company an “outperform” rating in a research note on Wednesday, October 1st. Two investment analysts have rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, AeroVironment presently has a consensus rating of “Moderate Buy” and a consensus price target of $356.00.

Insiders Place Their Bets

In other news, CFO Kevin Patrick Mcdonnell sold 513 shares of the company’s stock in a transaction on Monday, November 10th. The stock was sold at an average price of $331.46, for a total transaction of $170,038.98. Following the sale, the chief financial officer owned 18,811 shares of the company’s stock, valued at approximately $6,235,094.06. This represents a 2.65% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Trace E. Stevenson sold 1,717 shares of the stock in a transaction on Monday, October 6th. The shares were sold at an average price of $381.00, for a total value of $654,177.00. Following the completion of the sale, the insider owned 4,907 shares in the company, valued at approximately $1,869,567. The trade was a 25.92% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 3,228 shares of company stock worth $1,223,157 in the last ninety days. Corporate insiders own 0.81% of the company’s stock.

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.