Leavell Investment Management Inc. raised its position in AeroVironment, Inc. (NASDAQ:AVAV - Free Report) by 93.6% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 4,550 shares of the aerospace company's stock after acquiring an additional 2,200 shares during the quarter. Leavell Investment Management Inc.'s holdings in AeroVironment were worth $542,000 at the end of the most recent reporting period.
A number of other large investors have also recently added to or reduced their stakes in AVAV. Alyeska Investment Group L.P. acquired a new stake in AeroVironment in the fourth quarter valued at $93,759,000. Raymond James Financial Inc. acquired a new stake in shares of AeroVironment during the 4th quarter worth about $46,789,000. Norges Bank acquired a new stake in shares of AeroVironment during the 4th quarter worth about $37,502,000. JPMorgan Chase & Co. lifted its stake in shares of AeroVironment by 415.7% during the 4th quarter. JPMorgan Chase & Co. now owns 198,975 shares of the aerospace company's stock worth $30,620,000 after buying an additional 160,390 shares during the last quarter. Finally, Voya Investment Management LLC lifted its stake in shares of AeroVironment by 1,159.0% during the 4th quarter. Voya Investment Management LLC now owns 140,598 shares of the aerospace company's stock worth $21,637,000 after buying an additional 129,431 shares during the last quarter. Institutional investors and hedge funds own 86.38% of the company's stock.
AeroVironment Price Performance
AVAV stock opened at $263.80 on Friday. The company has a quick ratio of 2.69, a current ratio of 3.52 and a debt-to-equity ratio of 0.03. AeroVironment, Inc. has a 12 month low of $102.25 and a 12 month high of $295.90. The firm has a market cap of $13.02 billion, a P/E ratio of 170.19 and a beta of 0.96. The company's 50-day moving average price is $196.84 and its two-hundred day moving average price is $166.28.
AeroVironment (NASDAQ:AVAV - Get Free Report) last released its earnings results on Tuesday, June 24th. The aerospace company reported $1.61 EPS for the quarter, beating the consensus estimate 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 analyst estimates of $242.69 million. During the same period last year, the firm earned $0.43 EPS. The business's quarterly revenue was up 39.6% compared to the same quarter last year. On average, analysts anticipate that AeroVironment, Inc. will post 3.38 earnings per share for the current fiscal year.
Wall Street Analysts Forecast Growth
A number of analysts have recently issued reports on AVAV shares. Royal Bank Of Canada raised their target price on shares of AeroVironment from $200.00 to $275.00 and gave the stock an "outperform" rating in a research note on Thursday, July 3rd. KeyCorp started coverage on shares of AeroVironment in a research note on Sunday, June 29th. They set an "overweight" rating for the company. Wall Street Zen upgraded shares of AeroVironment from a "sell" rating to a "hold" rating in a research note on Sunday, June 22nd. Canaccord Genuity Group restated a "buy" rating on shares of AeroVironment in a research note on Thursday, June 26th. Finally, BTIG Research raised their target price on shares of AeroVironment from $225.00 to $300.00 and gave the stock a "buy" rating in a research note on Tuesday, June 24th. One 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 company's stock. According to data from MarketBeat, AeroVironment has a consensus rating of "Buy" and a consensus price target of $265.22.
Check Out Our Latest Stock Analysis on AeroVironment
AeroVironment Company Profile
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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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