Townsquare Capital LLC Acquires 1,257 Shares of AeroVironment, Inc. (NASDAQ:AVAV)

Townsquare Capital LLC increased its holdings in AeroVironment, Inc. (NASDAQ:AVAV - Free Report) by 7.3% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 18,541 shares of the aerospace company's stock after purchasing an additional 1,257 shares during the quarter. Townsquare Capital LLC owned approximately 0.07% of AeroVironment worth $2,210,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently modified their holdings of the company. Stephens Investment Management Group LLC boosted its stake in shares of AeroVironment by 41.0% during 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 purchasing an additional 221,948 shares in the last quarter. Penserra Capital Management LLC boosted its stake in shares of AeroVironment by 35.4% during 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 in the last quarter. Stephens Inc. AR boosted its stake in shares of AeroVironment by 94.8% during 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 in the last quarter. Bank of America Corp DE boosted its stake in shares of AeroVironment by 17.0% during the 4th quarter. Bank of America Corp DE now owns 45,272 shares of the aerospace company's stock valued at $6,967,000 after purchasing an additional 6,589 shares in the last quarter. Finally, Vontobel Holding Ltd. bought a new stake in shares of AeroVironment during the 1st quarter valued at about $1,142,000. 86.38% of the stock is owned by institutional investors.

Insider Buying and Selling

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

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on AVAV shares. Citizens Jmp started coverage on shares of AeroVironment in a research report on Monday, August 4th. They set a "strong-buy" rating and a $325.00 price target for the company. JMP Securities started coverage on shares of AeroVironment in a research report on Monday, August 4th. They set a "market outperform" rating and a $325.00 price target for the company. Robert W. Baird lifted their price target on shares of AeroVironment from $210.00 to $267.00 and gave the company an "outperform" rating in a research report on Monday, August 4th. Royal Bank Of Canada lifted their price target on shares of AeroVironment from $275.00 to $300.00 and gave the company an "outperform" rating in a research report on Thursday, July 17th. Finally, Stifel Nicolaus began coverage on shares of AeroVironment in a research report on Tuesday, June 24th. They set a "buy" rating and a $240.00 price target for the company. One research analyst has rated the stock with a hold rating, fifteen have assigned a buy rating and three have issued a strong buy rating to the company's stock. According to MarketBeat, the company has an average rating of "Buy" and a consensus price target of $285.33.

AeroVironment Price Performance

Shares of NASDAQ:AVAV opened at $250.49 on Wednesday. The company has a debt-to-equity ratio of 0.03, a quick ratio of 2.69 and a current ratio of 3.52. The firm has a fifty day moving average price of $239.24 and a 200 day moving average price of $181.62. AeroVironment, Inc. has a fifty-two week low of $102.25 and a fifty-two week high of $295.90. The firm has a market cap of $12.36 billion, a price-to-earnings ratio of 161.61 and a beta of 0.99.

AeroVironment (NASDAQ:AVAV - Get Free Report) last issued its earnings results on Tuesday, June 24th. The aerospace company reported $1.61 earnings per share for the quarter, topping analysts' consensus estimates 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 during the quarter, compared to analyst estimates of $242.69 million. During the same quarter in the prior year, the business earned $0.43 earnings per share. AeroVironment's revenue for the quarter was up 39.6% on a year-over-year basis. As a group, sell-side analysts expect that AeroVironment, Inc. will post 3.38 earnings per share for the current fiscal year.

AeroVironment Company 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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