Schnieders Capital Management LLC Invests $285,000 in AeroVironment, Inc. $AVAV

Key Points

• Schnieders Capital Management has invested $285,000 in AeroVironment, purchasing 1,000 shares, indicating confidence in the aerospace company's potential growth.
• Analysts have raised price targets for AeroVironment, with BTIG Research setting a target of $415 and Royal Bank of Canada at $330, reflecting positive market sentiment.
• Insider selling activity has been noted, with key individuals reducing their stakes in the company, which could signal caution despite the bullish analyst ratings.

Schnieders Capital Management LLC bought a new position in AeroVironment, Inc. (NASDAQ:AVAV - Free Report) during the second quarter, according to its most recent 13F filing with the SEC. The fund bought 1,000 shares of the aerospace company's stock, valued at approximately $285,000.

A number of other large investors have also recently made changes to their positions in AVAV. GAMMA Investing LLC grew its holdings in AeroVironment by 49.8% during the 1st quarter. GAMMA Investing LLC now owns 677 shares of the aerospace company's stock valued at $81,000 after purchasing an additional 225 shares during the last quarter. Wealth Enhancement Advisory Services LLC grew its holdings in AeroVironment by 1,261.8% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 22,170 shares of the aerospace company's stock valued at $2,642,000 after purchasing an additional 20,542 shares during the last quarter. Cambridge Investment Research Advisors Inc. grew its holdings in AeroVironment by 5.9% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 6,302 shares of the aerospace company's stock valued at $751,000 after purchasing an additional 349 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. grew its holdings in AeroVironment by 4.4% during the 1st quarter. Sumitomo Mitsui Trust Group Inc. now owns 198,288 shares of the aerospace company's stock valued at $23,634,000 after purchasing an additional 8,330 shares during the last quarter. Finally, Vontobel Holding Ltd. bought a new position in AeroVironment during the 1st quarter valued at about $1,142,000. 86.38% of the stock is currently owned by institutional investors.

Insider Activity at AeroVironment

In other news, insider Trace E. Stevenson sold 1,717 shares of the company's stock in a transaction that occurred on Monday, October 6th. The shares were sold at an average price of $381.00, for a total value of $654,177.00. Following the completion of the sale, the insider owned 4,907 shares of the company's stock, valued at approximately $1,869,567. This represents a 25.92% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Kevin Patrick Mcdonnell sold 998 shares of the company's stock in a transaction that occurred on Friday, October 10th. The stock was sold at an average price of $399.74, for a total transaction of $398,940.52. Following the completion of the sale, the chief financial officer directly owned 19,324 shares of the company's stock, valued at $7,724,575.76. The trade was a 4.91% decrease in their position. The disclosure for this sale can be found here. 0.81% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several equities analysts recently commented on AVAV shares. BTIG Research upped their price target on shares of AeroVironment from $300.00 to $415.00 and gave the company a "buy" rating in a report on Friday, October 3rd. Royal Bank Of Canada upped their price target on shares of AeroVironment from $300.00 to $330.00 and gave the company an "outperform" rating in a report on Thursday, September 25th. Zacks Research downgraded shares of AeroVironment from a "strong-buy" rating to a "hold" rating in a report on Tuesday, September 23rd. Needham & Company LLC reiterated a "buy" rating and set a $300.00 price target on shares of AeroVironment in a report on Wednesday, September 10th. Finally, Oppenheimer reiterated an "outperform" rating on shares of AeroVironment in a report on Sunday, June 29th. Two research 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. According to data from MarketBeat.com, the stock presently has a consensus rating of "Buy" and an average target price of $356.07.

AeroVironment Price Performance

Shares of AVAV stock opened at $364.04 on Tuesday. 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 has a market capitalization of $18.18 billion, a P/E ratio of -568.80, a P/E/G ratio of 5.95 and a beta of 0.99. The company's 50-day simple moving average is $292.10 and its two-hundred day simple moving average is $232.00. AeroVironment, Inc. has a one year low of $102.25 and a one year high of $417.86.

AeroVironment (NASDAQ:AVAV - Get Free Report) last issued its earnings results on Monday, August 28th. The aerospace company reported $0.12 EPS for the quarter. The business 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%. As a group, equities analysts anticipate that AeroVironment, Inc. will post 3.38 EPS 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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