Emerald Advisers LLC lifted its position in shares of AeroVironment, Inc. (NASDAQ:AVAV - Free Report) by 5.1% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 224,818 shares of the aerospace company's stock after acquiring an additional 10,808 shares during the period. Emerald Advisers LLC owned 0.80% of AeroVironment worth $26,796,000 as of its most recent filing with the SEC.
Several other institutional investors have also modified their holdings of AVAV. Redwood Investments LLC lifted its holdings in AeroVironment by 0.7% in the fourth quarter. Redwood Investments LLC now owns 9,273 shares of the aerospace company's stock worth $1,427,000 after purchasing an additional 66 shares during the period. Portside Wealth Group LLC lifted its holdings in AeroVironment by 4.3% in the first quarter. Portside Wealth Group LLC now owns 1,741 shares of the aerospace company's stock worth $208,000 after purchasing an additional 71 shares during the period. Mackenzie Financial Corp lifted its holdings in AeroVironment by 5.5% in the fourth quarter. Mackenzie Financial Corp now owns 1,601 shares of the aerospace company's stock worth $246,000 after purchasing an additional 83 shares during the period. CoreCap Advisors LLC lifted its holdings in AeroVironment by 120.2% in the fourth quarter. CoreCap Advisors LLC now owns 185 shares of the aerospace company's stock worth $28,000 after purchasing an additional 101 shares during the period. Finally, Atria Investments Inc lifted its holdings in AeroVironment by 7.0% in the fourth quarter. Atria Investments Inc now owns 1,650 shares of the aerospace company's stock worth $254,000 after purchasing an additional 108 shares during the period. Institutional investors own 86.38% of the company's stock.
Analyst Ratings Changes
Several equities research analysts recently weighed in on AVAV shares. Wedbush raised shares of AeroVironment to an "outperform" rating in a report on Wednesday, June 25th. Cantor Fitzgerald started coverage on shares of AeroVironment in a research report on Tuesday, July 8th. They set an "overweight" rating and a $335.00 price objective for the company. Oppenheimer restated an "outperform" rating on shares of AeroVironment in a research report on Sunday, June 29th. Royal Bank Of Canada raised their price objective on shares of AeroVironment from $200.00 to $275.00 and gave the company an "outperform" rating in a research report on Thursday, July 3rd. Finally, The Goldman Sachs Group started coverage on shares of AeroVironment in a research report on Monday, June 30th. They set a "buy" rating and a $301.00 price objective for the company. One equities research analyst has rated the stock with a hold rating, thirteen have given a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, AeroVironment currently has a consensus rating of "Buy" and an average price target of $265.22.
Read Our Latest Stock Analysis on AeroVironment
AeroVironment Trading Up 11.0%
AVAV stock traded up $26.23 during mid-day trading on Friday, reaching $263.80. 4,244,777 shares of the stock traded hands, compared to its average volume of 583,774. 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 52-week low of $102.25 and a 52-week high of $295.90. The company has a market cap of $13.02 billion, a P/E ratio of 170.19 and a beta of 0.96. The stock's fifty day moving average is $196.84 and its 200-day moving average is $166.33.
AeroVironment (NASDAQ:AVAV - Get Free Report) last posted its quarterly earnings results on Tuesday, June 24th. The aerospace company reported $1.61 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.41 by $0.20. The business had revenue of $275.05 million during the quarter, compared to analyst estimates of $242.69 million. AeroVironment had a net margin of 5.32% and a return on equity of 10.68%. The firm's revenue was up 39.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.43 earnings per share. As a group, sell-side analysts expect that AeroVironment, Inc. will post 3.38 earnings per share for the current year.
AeroVironment Profile
(
Free Report)
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.
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