International Assets Investment Management LLC purchased a new position in shares of AeroVironment, Inc. (NASDAQ:AVAV - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 160,953 shares of the aerospace company's stock, valued at approximately $20,287,000. International Assets Investment Management LLC owned about 0.57% of AeroVironment as of its most recent SEC filing.
Several other institutional investors also recently bought and sold shares of AVAV. Quarry LP acquired a new position in AeroVironment in the 2nd quarter valued at $25,000. RiverPark Advisors LLC increased its stake in shares of AeroVironment by 77.2% in the fourth quarter. RiverPark Advisors LLC now owns 388 shares of the aerospace company's stock worth $49,000 after purchasing an additional 169 shares during the period. Rockefeller Capital Management L.P. grew its holdings in AeroVironment by 47.7% in the 4th quarter. Rockefeller Capital Management L.P. now owns 390 shares of the aerospace company's stock valued at $33,000 after buying an additional 126 shares during the last quarter. Harbour Investments Inc. acquired a new position in shares of AeroVironment during the second quarter worth approximately $43,000. Finally, Lazard Asset Management LLC bought a new stake in shares of AeroVironment in the first quarter valued at approximately $47,000. 86.38% of the stock is currently owned by institutional investors.
Insider Activity at AeroVironment
In other AeroVironment news, SVP Melissa Ann Brown sold 1,000 shares of the company's stock in a transaction dated Thursday, March 7th. The shares were sold at an average price of $176.77, for a total transaction of $176,770.00. Following the sale, the senior vice president now directly owns 12,339 shares of the company's stock, valued at $2,181,165.03. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other AeroVironment news, SVP Melissa Ann Brown sold 1,000 shares of AeroVironment stock in a transaction on Thursday, March 7th. The stock was sold at an average price of $176.77, for a total value of $176,770.00. Following the completion of the transaction, the senior vice president now owns 12,339 shares in the company, valued at approximately $2,181,165.03. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, VP Trace E. Stevenson sold 1,913 shares of the stock in a transaction on Thursday, March 7th. The stock was sold at an average price of $183.00, for a total value of $350,079.00. Following the sale, the vice president now owns 2,570 shares in the company, valued at approximately $470,310. The disclosure for this sale can be found here. 1.40% of the stock is currently owned by insiders.
AeroVironment Price Performance
NASDAQ AVAV traded up $1.05 on Thursday, reaching $148.49. The company's stock had a trading volume of 167,359 shares, compared to its average volume of 334,231. The firm has a market cap of $4.18 billion, a PE ratio of -34.45 and a beta of 0.44. The company has a current ratio of 4.66, a quick ratio of 3.16 and a debt-to-equity ratio of 0.04. AeroVironment, Inc. has a 52 week low of $88.24 and a 52 week high of $184.61. The business has a 50-day moving average price of $141.32 and a 200 day moving average price of $128.69.
AeroVironment (NASDAQ:AVAV - Get Free Report) last posted its earnings results on Monday, March 4th. The aerospace company reported $0.63 EPS for the quarter, topping the consensus estimate of $0.33 by $0.30. AeroVironment had a positive return on equity of 13.93% and a negative net margin of 15.14%. The business had revenue of $186.60 million during the quarter, compared to the consensus estimate of $170.62 million. During the same quarter last year, the company earned $0.33 EPS. AeroVironment's revenue was up 38.8% on a year-over-year basis. Sell-side analysts expect that AeroVironment, Inc. will post 2.8 EPS for the current year.
Analysts Set New Price Targets
Several equities analysts recently commented on AVAV shares. William Blair reiterated an "outperform" rating on shares of AeroVironment in a research note on Tuesday, March 5th. Royal Bank of Canada increased their target price on shares of AeroVironment from $160.00 to $165.00 and gave the company an "outperform" rating in a research note on Friday, April 5th. Finally, Robert W. Baird restated a "neutral" rating and set a $161.00 price target on shares of AeroVironment in a research note on Friday, March 8th. Three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $140.20.
Read Our Latest Report on AeroVironment
About AeroVironment
(
Free Report)
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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