Commonwealth of Pennsylvania Public School Empls Retrmt SYS Acquires 533 Shares of AeroVironment, Inc. $AVAV

Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its holdings in shares of AeroVironment, Inc. (NASDAQ:AVAV) by 8.0% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 7,234 shares of the aerospace company’s stock after purchasing an additional 533 shares during the quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in AeroVironment were worth $2,061,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently modified their holdings of AVAV. Private Advisor Group LLC bought a new stake in AeroVironment in the 1st quarter worth about $208,000. Kestra Private Wealth Services LLC boosted its holdings in shares of AeroVironment by 2.7% during the 1st quarter. Kestra Private Wealth Services LLC now owns 3,199 shares of the aerospace company’s stock valued at $381,000 after acquiring an additional 83 shares during the last quarter. IFP Advisors Inc grew its stake in shares of AeroVironment by 128.7% in the first quarter. IFP Advisors Inc now owns 1,313 shares of the aerospace company’s stock worth $156,000 after acquiring an additional 739 shares during the period. Y Intercept Hong Kong Ltd purchased a new position in shares of AeroVironment during the first quarter valued at approximately $438,000. Finally, Pinnacle Associates Ltd. raised its holdings in shares of AeroVironment by 26.7% during the first quarter. Pinnacle Associates Ltd. now owns 155,851 shares of the aerospace company’s stock valued at $18,576,000 after purchasing an additional 32,875 shares during the last quarter. 86.38% of the stock is owned by hedge funds and other institutional investors.

AeroVironment Stock Performance

NASDAQ:AVAV opened at $273.98 on Friday. The company has a debt-to-equity ratio of 0.16, a quick ratio of 5.12 and a current ratio of 5.96. The stock has a 50-day simple moving average of $336.88 and a two-hundred day simple moving average of $262.60. The firm has a market capitalization of $13.68 billion, a PE ratio of -428.09, a P/E/G ratio of 5.37 and a beta of 1.09. AeroVironment, Inc. has a 52-week low of $102.25 and a 52-week high of $417.86.

AeroVironment (NASDAQ:AVAV) last posted its quarterly earnings data on Monday, August 28th. The aerospace company reported $0.12 earnings per share for the quarter. The firm had revenue of $132.62 million for the quarter. AeroVironment had a positive return on equity of 4.67% and a negative net margin of 4.14%. Analysts forecast that AeroVironment, Inc. will post 3.38 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on AVAV shares. Robert W. Baird lifted their target price on shares of AeroVironment from $267.00 to $350.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 1st. The Goldman Sachs Group raised their price target on AeroVironment from $300.00 to $333.00 and gave the stock a “buy” rating in a research note on Thursday, October 2nd. BNP Paribas Exane began coverage on AeroVironment in a research report on Tuesday. They set an “outperform” rating and a $355.00 price objective for the company. Citigroup reissued an “outperform” rating on shares of AeroVironment in a report on Friday, October 3rd. Finally, New Street Research set a $365.00 price target on AeroVironment in a research note on Wednesday, October 1st. Three analysts have rated the stock with a Strong Buy rating, eighteen have given a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, AeroVironment presently has an average rating of “Buy” and an average target price of $358.19.

Insider Buying and Selling

In other AeroVironment news, CFO Kevin Patrick Mcdonnell sold 513 shares of AeroVironment stock in a transaction that occurred on Monday, November 10th. The shares were sold at an average price of $331.46, for a total transaction of $170,038.98. Following the transaction, the chief financial officer owned 18,811 shares of the company’s stock, valued at $6,235,094.06. The trade was a 2.65% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Trace E. Stevenson sold 1,717 shares of the company’s stock in a transaction that occurred on Monday, October 6th. The stock was sold at an average price of $381.00, for a total transaction of $654,177.00. Following the completion of the transaction, the insider owned 4,907 shares of the company’s stock, valued at approximately $1,869,567. The trade was a 25.92% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 3,228 shares of company stock worth $1,223,157. 0.81% of the stock is owned by company insiders.

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.