Moseley Investment Management Inc. Takes $280,000 Position in AeroVironment, Inc. $AVAV

Key Points

• Moseley Investment Management Inc. has acquired a $280,000 stake in AeroVironment, purchasing 982 shares of the aerospace company in Q2.
• Multiple institutional investors are increasing their holdings in AeroVironment, with Stephens Investment Management and Penserra Capital both boosting their positions significantly in Q1.
• AeroVironment has received strong buy ratings from several brokerages, with a consensus price target of $356.07 according to MarketBeat.com.

Moseley Investment Management Inc. purchased a new stake in AeroVironment, Inc. (NASDAQ:AVAV - Free Report) in the 2nd quarter, according to its most recent disclosure with the SEC. The fund purchased 982 shares of the aerospace company's stock, valued at approximately $280,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Stephens Investment Management Group LLC boosted its holdings in shares of AeroVironment by 41.0% in the 1st quarter. Stephens Investment Management Group LLC now owns 763,489 shares of the aerospace company's stock valued at $91,000,000 after buying an additional 221,948 shares during the period. Penserra Capital Management LLC lifted its position in AeroVironment by 35.4% in the 1st quarter. Penserra Capital Management LLC now owns 17,873 shares of the aerospace company's stock valued at $2,130,000 after purchasing an additional 4,669 shares during the last quarter. Stephens Inc. AR lifted its position in AeroVironment by 94.8% in the 1st quarter. Stephens Inc. AR now owns 4,415 shares of the aerospace company's stock valued at $526,000 after purchasing an additional 2,148 shares during the last quarter. Vontobel Holding Ltd. bought a new stake in AeroVironment in the 1st quarter valued at about $1,142,000. Finally, Principal Financial Group Inc. lifted its position in AeroVironment by 2.3% in the 1st quarter. Principal Financial Group Inc. now owns 139,835 shares of the aerospace company's stock valued at $16,667,000 after purchasing an additional 3,183 shares during the last quarter. 86.38% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on AVAV. Citizens Jmp began coverage on shares of AeroVironment in a research report on Monday, August 4th. They issued a "strong-buy" rating and a $325.00 price objective on the stock. Wedbush upgraded shares of AeroVironment to an "outperform" rating in a research report on Wednesday, June 25th. Cantor Fitzgerald began coverage on shares of AeroVironment in a research report on Tuesday, July 8th. They issued an "overweight" rating and a $335.00 price objective on the stock. Needham & Company LLC reiterated a "buy" rating and issued a $300.00 price objective on shares of AeroVironment in a research report on Wednesday, September 10th. Finally, William Blair reiterated an "outperform" rating on shares of AeroVironment in a research report on Tuesday, September 16th. Two investment analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating and two have assigned a Hold rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Buy" and a consensus price target of $356.07.

AeroVironment Stock Down 2.3%

AVAV stock opened at $398.29 on Friday. AeroVironment, Inc. has a 52 week low of $102.25 and a 52 week high of $417.86. The company has a market capitalization of $19.89 billion, a price-to-earnings ratio of -622.32, a price-to-earnings-growth ratio of 6.91 and a beta of 0.99. The firm's 50-day moving average is $274.70 and its two-hundred day moving average is $217.91. The company has a current ratio of 5.96, a quick ratio of 5.12 and a debt-to-equity ratio of 0.16.

AeroVironment (NASDAQ:AVAV - Get Free Report) last released 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 for the quarter. AeroVironment had a negative net margin of 4.14% and a positive return on equity of 4.67%. On average, analysts forecast that AeroVironment, Inc. will post 3.38 earnings per share for the current fiscal year.

Insider Activity at AeroVironment

In other news, CEO Wahid Nawabi sold 17,300 shares of AeroVironment stock in a transaction that occurred on Wednesday, July 16th. The shares were sold at an average price of $263.05, for a total value of $4,550,765.00. Following the transaction, the chief executive officer owned 122,233 shares of the company's stock, valued at $32,153,390.65. The trade was a 12.40% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Trace E. Stevenson sold 1,717 shares of AeroVironment 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 completion of the transaction, the insider directly owned 4,907 shares in the company, valued at $1,869,567. This represents a 25.92% decrease in their position. The disclosure for this sale can be found here. 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.

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