Creative Planning Acquires 3,647 Shares of AeroVironment, Inc. $AVAV

Creative Planning raised its holdings in shares of AeroVironment, Inc. (NASDAQ:AVAV) by 121.3% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 6,653 shares of the aerospace company’s stock after purchasing an additional 3,647 shares during the quarter. Creative Planning’s holdings in AeroVironment were worth $1,896,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Thurston Springer Miller Herd & Titak Inc. increased its position in shares of AeroVironment by 21.5% during the second quarter. Thurston Springer Miller Herd & Titak Inc. now owns 237 shares of the aerospace company’s stock worth $68,000 after acquiring an additional 42 shares during the period. Amalgamated Bank lifted its position in shares of AeroVironment by 0.6% during the second quarter. Amalgamated Bank now owns 8,023 shares of the aerospace company’s stock valued at $2,286,000 after buying an additional 44 shares during the last quarter. Bessemer Group Inc. boosted its holdings in shares of AeroVironment by 60.3% in the 2nd quarter. Bessemer Group Inc. now owns 117 shares of the aerospace company’s stock valued at $33,000 after buying an additional 44 shares in the last quarter. ORG Partners LLC boosted its holdings in shares of AeroVironment by 296.0% in the 2nd quarter. ORG Partners LLC now owns 99 shares of the aerospace company’s stock valued at $27,000 after buying an additional 74 shares in the last quarter. Finally, Mackenzie Financial Corp grew its position in shares of AeroVironment by 5.2% in the 1st quarter. Mackenzie Financial Corp now owns 1,685 shares of the aerospace company’s stock worth $201,000 after buying an additional 84 shares during the last quarter. 86.38% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

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

AeroVironment Price Performance

Shares of AVAV opened at $279.19 on Thursday. The company has a debt-to-equity ratio of 0.16, a current ratio of 5.96 and a quick ratio of 5.12. The company’s fifty day moving average price is $338.38 and its 200-day moving average price is $266.48. AeroVironment, Inc. has a 1-year low of $102.25 and a 1-year high of $417.86. The firm has a market capitalization of $13.94 billion, a PE ratio of -436.23, a price-to-earnings-growth ratio of 5.37 and a beta of 1.09.

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

Analyst Ratings Changes

Several equities research analysts have weighed in on the stock. BTIG Research restated a “buy” rating and issued a $415.00 target price on shares of AeroVironment in a research note on Monday. Jefferies Financial Group increased their price objective on AeroVironment from $320.00 to $365.00 and gave the company a “buy” rating in a report on Wednesday, October 1st. Zacks Research cut AeroVironment from a “hold” rating to a “strong sell” rating in a research report on Monday, November 10th. Robert W. Baird boosted their target price on AeroVironment from $267.00 to $350.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 1st. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $300.00 target price on shares of AeroVironment in a research report on Wednesday, September 10th. Three analysts have rated the stock with a Strong Buy rating, eighteen have given a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Buy” and an average price target of $358.19.

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.