Outfitter Financial LLC Raises Holdings in AeroVironment, Inc. (NASDAQ:AVAV)

Outfitter Financial LLC grew its position in shares of AeroVironment, Inc. (NASDAQ:AVAV - Free Report) by 41.3% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 5,830 shares of the aerospace company's stock after buying an additional 1,705 shares during the period. Outfitter Financial LLC's holdings in AeroVironment were worth $695,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. CoreCap Advisors LLC increased its position in shares of 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 last quarter. MassMutual Private Wealth & Trust FSB lifted its position in AeroVironment by 171.1% during the first quarter. MassMutual Private Wealth & Trust FSB now owns 244 shares of the aerospace company's stock valued at $29,000 after purchasing an additional 154 shares during the last quarter. Colonial Trust Advisors bought a new stake in AeroVironment during the fourth quarter valued at approximately $31,000. Accredited Wealth Management LLC bought a new stake in AeroVironment during the fourth quarter valued at approximately $31,000. Finally, Spirit of America Management Corp NY bought a new stake in AeroVironment in the 1st quarter worth approximately $36,000. 86.38% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of analysts recently weighed in on AVAV shares. Royal Bank Of Canada boosted their target price on AeroVironment from $275.00 to $300.00 and gave the stock an "outperform" rating in a research report on Thursday. Stifel Nicolaus began coverage on AeroVironment in a research report on Tuesday, June 24th. They issued a "buy" rating and a $240.00 target price for the company. Robert W. Baird raised their price target on AeroVironment from $146.00 to $210.00 and gave the stock an "outperform" rating in a research report on Friday, June 6th. KeyCorp began coverage on AeroVironment in a research report on Sunday, June 29th. They set an "overweight" rating on the stock. Finally, BTIG Research raised their price target on AeroVironment from $225.00 to $300.00 and gave the stock a "buy" rating in a research report on Tuesday, June 24th. One equities 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. Based on data from MarketBeat.com, the company has an average rating of "Buy" and an average target price of $268.00.

Insider Activity at AeroVironment

In other AeroVironment news, CEO Wahid Nawabi sold 17,300 shares of AeroVironment stock in a transaction on Wednesday, July 16th. The stock was sold at an average price of $263.05, for a total value of $4,550,765.00. Following the completion of the sale, the chief executive officer owned 122,233 shares of the company's stock, valued at approximately $32,153,390.65. This trade represents a 12.40% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 1.27% of the company's stock.

AeroVironment Stock Down 0.5%

AVAV stock traded down $1.51 on Friday, reaching $277.05. 216,972 shares of the company traded hands, compared to its average volume of 621,256. AeroVironment, Inc. has a one year low of $102.25 and a one year high of $295.90. The company has a debt-to-equity ratio of 0.03, a current ratio of 3.52 and a quick ratio of 2.69. The company has a market cap of $13.67 billion, a P/E ratio of 179.43 and a beta of 0.96. The firm has a fifty day simple moving average of $205.39 and a 200-day simple moving average of $169.33.

AeroVironment (NASDAQ:AVAV - Get Free Report) last posted its earnings results on Tuesday, June 24th. The aerospace company reported $1.61 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 return on equity of 10.68% and a net margin of 5.32%. The company's quarterly revenue was up 39.6% compared to the same quarter last year. During the same quarter last year, the company earned $0.43 EPS. Research analysts anticipate that AeroVironment, Inc. will post 3.38 earnings per share for the current year.

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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