Victory Capital Management Inc. raised its stake in AeroVironment, Inc. (NASDAQ:AVAV - Free Report) by 3,565.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 171,288 shares of the aerospace company's stock after purchasing an additional 166,615 shares during the quarter. Victory Capital Management Inc. owned approximately 0.61% of AeroVironment worth $21,589,000 at the end of the most recent reporting period.
Other institutional investors have also recently made changes to their positions in the company. Bfsg LLC bought a new position in AeroVironment during the fourth quarter worth about $25,000. GAMMA Investing LLC bought a new stake in AeroVironment in the 4th quarter valued at $32,000. Russell Investments Group Ltd. bought a new stake in AeroVironment in the 4th quarter valued at $39,000. RiverPark Advisors LLC lifted its holdings in AeroVironment by 77.2% during the 4th quarter. RiverPark Advisors LLC now owns 388 shares of the aerospace company's stock valued at $49,000 after purchasing an additional 169 shares during the last quarter. Finally, Householder Group Estate & Retirement Specialist LLC bought a new position in AeroVironment during the fourth quarter worth $69,000. Institutional investors and hedge funds own 86.38% of the company's stock.
Wall Street Analyst Weigh In
Several research analysts have weighed in on AVAV shares. Royal Bank of Canada increased their price objective on AeroVironment from $160.00 to $165.00 and gave the stock an "outperform" rating in a research report on Friday, April 5th. Robert W. Baird reissued a "neutral" rating and set a $161.00 target price on shares of AeroVironment in a report on Friday, March 8th. Finally, William Blair reaffirmed an "outperform" rating on shares of AeroVironment in a research note on Tuesday, March 5th. Three research analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. According to MarketBeat.com, AeroVironment has an average rating of "Moderate Buy" and an average target price of $140.20.
Check Out Our Latest Stock Report on AVAV
AeroVironment Price Performance
Shares of AeroVironment stock traded up $5.87 during trading on Thursday, reaching $187.33. 578,346 shares of the company's stock were exchanged, compared to its average volume of 336,663. The company has a debt-to-equity ratio of 0.04, a quick ratio of 3.16 and a current ratio of 4.66. AeroVironment, Inc. has a 1-year low of $88.24 and a 1-year high of $190.12. The company has a market cap of $5.27 billion, a P/E ratio of -42.10 and a beta of 0.44. The firm's 50-day moving average price is $154.48 and its 200 day moving average price is $135.24.
AeroVironment (NASDAQ:AVAV - Get Free Report) last issued 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. The firm had revenue of $186.60 million during the quarter, compared to the consensus estimate of $170.62 million. AeroVironment had a positive return on equity of 13.93% and a negative net margin of 15.14%. The business's quarterly revenue was up 38.8% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.33 earnings per share. As a group, research analysts anticipate that AeroVironment, Inc. will post 2.8 earnings per share for the current year.
Insider Transactions at AeroVironment
In related news, SVP Melissa Ann Brown sold 1,000 shares of the firm's stock in a transaction on Thursday, March 7th. The stock was sold at an average price of $176.77, for a total transaction of $176,770.00. Following the sale, the senior vice president now owns 12,339 shares of the company's stock, valued at approximately $2,181,165.03. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In related news, SVP Melissa Ann Brown sold 1,000 shares of AeroVironment stock in a transaction that occurred on 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 in the company, valued at approximately $2,181,165.03. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, VP Trace E. Stevenson sold 1,913 shares of the business's stock in a transaction that occurred on Thursday, March 7th. The stock was sold at an average price of $183.00, for a total transaction of $350,079.00. Following the sale, the vice president now directly owns 2,570 shares in the company, valued at $470,310. The disclosure for this sale can be found here. Company insiders own 1.40% of the company's stock.
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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