AeroVironment, Inc. (NASDAQ:AVAV) Position Boosted by Wealth Enhancement Advisory Services LLC

Wealth Enhancement Advisory Services LLC boosted its stake in AeroVironment, Inc. (NASDAQ:AVAV - Free Report) by 1,261.8% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 22,170 shares of the aerospace company's stock after acquiring an additional 20,542 shares during the period. Wealth Enhancement Advisory Services LLC owned 0.08% of AeroVironment worth $2,642,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in AVAV. CoreCap Advisors LLC increased its stake in AeroVironment by 120.2% during the fourth quarter. CoreCap Advisors LLC now owns 185 shares of the aerospace company's stock valued at $28,000 after purchasing an additional 101 shares during the last quarter. MassMutual Private Wealth & Trust FSB grew its position in shares of AeroVironment by 171.1% during the first quarter. MassMutual Private Wealth & Trust FSB now owns 244 shares of the aerospace company's stock worth $29,000 after acquiring an additional 154 shares during the last quarter. Colonial Trust Advisors bought a new position in shares of AeroVironment during the fourth quarter worth about $31,000. Accredited Wealth Management LLC bought a new position in shares of AeroVironment during the fourth quarter worth about $31,000. Finally, Rothschild Investment LLC grew its position in shares of AeroVironment by 890.7% during the first quarter. Rothschild Investment LLC now owns 426 shares of the aerospace company's stock worth $51,000 after acquiring an additional 383 shares during the last quarter. 86.38% of the stock is owned by institutional investors and hedge funds.

AeroVironment Price Performance

AVAV traded up $5.70 on Friday, reaching $278.07. The company had a trading volume of 3,346,278 shares, compared to its average volume of 493,661. The company has a fifty day moving average of $177.16 and a 200-day moving average of $160.18. The company has a market capitalization of $7.85 billion, a P/E ratio of 179.40 and a beta of 0.81. The company has a current ratio of 3.52, a quick ratio of 3.07 and a debt-to-equity ratio of 0.03. AeroVironment, Inc. has a one year low of $102.25 and a one year high of $285.99.

AeroVironment (NASDAQ:AVAV - Get Free Report) last announced its earnings results on Tuesday, June 24th. The aerospace company reported $1.61 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.41 by $0.20. The firm had revenue of $275.05 million during the quarter, compared to analyst estimates of $242.69 million. AeroVironment had a net margin of 5.32% and a return on equity of 10.68%. AeroVironment's revenue was up 39.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.43 EPS. As a group, equities research analysts anticipate that AeroVironment, Inc. will post 3.38 earnings per share for the current year.

Analyst Ratings Changes

Several equities analysts have recently commented on AVAV shares. BTIG Research upped their price target on shares of AeroVironment from $225.00 to $300.00 and gave the stock a "buy" rating in a research report on Tuesday, June 24th. Stifel Nicolaus started 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. Wall Street Zen upgraded shares of AeroVironment from a "sell" rating to a "hold" rating in a research report on Sunday, June 22nd. Canaccord Genuity Group restated a "buy" rating on shares of AeroVironment in a research report on Thursday. Finally, Oppenheimer restated an "outperform" rating on shares of AeroVironment in a research report on Sunday. One analyst has rated the stock with a hold rating, eleven have issued a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, AeroVironment presently has an average rating of "Buy" and a consensus target price of $224.43.

About AeroVironment

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.