Total Wealth Planning & Management Inc. Invests $480,000 in AeroVironment, Inc. $AVAV

Key Points

• Total Wealth Planning & Management Inc. invested approximately $480,000 in AeroVironment, Inc. during the second quarter, acquiring 1,686 shares of the aerospace firm.
• Analysts have recently upgraded their ratings for AeroVironment, with Goldman Sachs raising their price target to $333.00 and Stifel Nicolaus to $389.00, reflecting a positive outlook.
• AeroVironment's shares saw a 2.3% decline recently, while the company reported earnings of $0.12 per share and expects an EPS of 3.38 for the current fiscal year.

Total Wealth Planning & Management Inc. purchased a new position in shares of AeroVironment, Inc. (NASDAQ:AVAV - Free Report) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 1,686 shares of the aerospace company's stock, valued at approximately $480,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in AVAV. ORG Partners LLC boosted its position in shares of AeroVironment by 296.0% during the second quarter. ORG Partners LLC now owns 99 shares of the aerospace company's stock worth $27,000 after purchasing an additional 74 shares in the last quarter. RMG Wealth Management LLC bought a new position in shares of AeroVironment during the second quarter worth $28,000. Spirit of America Management Corp NY bought a new position in shares of AeroVironment during the first quarter worth $36,000. BI Asset Management Fondsmaeglerselskab A S bought a new position in shares of AeroVironment during the first quarter worth $40,000. Finally, Signaturefd LLC boosted its position in shares of AeroVironment by 56.1% during the first quarter. Signaturefd LLC now owns 398 shares of the aerospace company's stock worth $47,000 after purchasing an additional 143 shares in the last quarter. 86.38% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on AVAV. Wall Street Zen raised shares of AeroVironment from a "sell" rating to a "hold" rating in a research report on Sunday, June 22nd. The Goldman Sachs Group raised their price objective on shares of AeroVironment from $300.00 to $333.00 and gave the stock a "buy" rating in a report on Thursday, October 2nd. Stifel Nicolaus raised their price objective on shares of AeroVironment from $295.00 to $389.00 and gave the stock a "buy" rating in a report on Thursday, October 2nd. Citigroup restated an "outperform" rating on shares of AeroVironment in a report on Friday, October 3rd. Finally, Robert W. Baird raised their price objective on shares of AeroVironment from $267.00 to $350.00 and gave the stock an "outperform" rating in a report on Wednesday, October 1st. Two analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and two have issued a Hold rating to the company's stock. According to MarketBeat, the company has an average rating of "Buy" and an average price target of $356.07.

Insider Activity

In other news, insider Trace E. Stevenson sold 1,717 shares of the business's stock in a transaction dated Monday, October 6th. The shares were sold at an average price of $381.00, for a total transaction of $654,177.00. Following the transaction, the insider directly owned 4,907 shares in the company, valued at $1,869,567. The trade was a 25.92% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Wahid Nawabi sold 17,300 shares of the business's stock in a transaction dated Wednesday, July 16th. The stock was sold at an average price of $263.05, for a total transaction of $4,550,765.00. Following the transaction, the chief executive officer owned 122,233 shares in the company, valued at $32,153,390.65. This represents a 12.40% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.81% of the stock is owned by insiders.

AeroVironment Stock Down 2.3%

Shares of AVAV stock opened at $398.29 on Friday. 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, Inc. has a 1 year low of $102.25 and a 1 year high of $417.86. The firm's fifty day moving average price is $274.70 and its two-hundred day moving average price is $217.91. The firm has a market capitalization of $19.89 billion, a P/E ratio of -622.32, a PEG ratio of 6.91 and a beta of 0.99.

AeroVironment (NASDAQ:AVAV - Get Free Report) last issued its quarterly earnings results on Monday, August 28th. The aerospace company reported $0.12 earnings per share (EPS) for the quarter. AeroVironment had a negative net margin of 4.14% and a positive return on equity of 4.67%. The firm had revenue of $132.62 million for the quarter. On average, equities analysts predict that AeroVironment, Inc. will post 3.38 EPS for the current fiscal 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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