Journey Strategic Wealth LLC Makes New $249,000 Investment in AeroVironment, Inc. $AVAV

Journey Strategic Wealth LLC bought a new stake in AeroVironment, Inc. (NASDAQ:AVAV) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 875 shares of the aerospace company’s stock, valued at approximately $249,000.

Several other large investors have also modified their holdings of the stock. Private Advisor Group LLC purchased a new position in AeroVironment in the 1st quarter valued at $208,000. IFP Advisors Inc lifted its stake in shares of AeroVironment by 128.7% in the 1st 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 stake in shares of AeroVironment in the first quarter valued at about $438,000. Avantax Advisory Services Inc. increased its stake in shares of AeroVironment by 12.7% during the first quarter. Avantax Advisory Services Inc. now owns 2,481 shares of the aerospace company’s stock worth $296,000 after acquiring an additional 279 shares during the period. Finally, Cetera Investment Advisers increased its stake in shares of AeroVironment by 6.3% during the first quarter. Cetera Investment Advisers now owns 4,512 shares of the aerospace company’s stock worth $538,000 after acquiring an additional 266 shares during the period. Hedge funds and other institutional investors own 86.38% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the stock. Stifel Nicolaus raised their price objective on shares of AeroVironment from $295.00 to $389.00 and gave the company a “buy” rating in a research report on Thursday, October 2nd. William Blair reissued an “outperform” rating on shares of AeroVironment in a research note on Tuesday, September 16th. Robert W. Baird raised their price target on AeroVironment from $267.00 to $350.00 and gave the company an “outperform” rating in a report on Wednesday, October 1st. Canaccord Genuity Group upped their price objective on AeroVironment from $305.00 to $430.00 and gave the stock a “buy” rating in a report on Tuesday, October 7th. Finally, Royal Bank Of Canada increased their price objective on AeroVironment from $300.00 to $330.00 and gave the stock an “outperform” rating in a research report on Thursday, September 25th. Three investment analysts have rated the stock with a Strong Buy rating, eighteen have issued a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, AeroVironment currently has a consensus rating of “Buy” and an average price target of $358.19.

Insider Activity at AeroVironment

In other news, CFO Kevin Patrick Mcdonnell sold 513 shares of the firm’s 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 completion of the transaction, the chief financial officer directly owned 18,811 shares of the company’s stock, valued at $6,235,094.06. This trade represents a 2.65% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Trace E. Stevenson sold 1,717 shares of AeroVironment stock in a transaction that occurred on Monday, October 6th. The stock was sold at an average price of $381.00, for a total value of $654,177.00. Following the transaction, the insider owned 4,907 shares of the company’s stock, valued at $1,869,567. This represents a 25.92% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 3,228 shares of company stock worth $1,223,157 over the last quarter. Company insiders own 0.81% of the company’s stock.

AeroVironment Trading Up 1.6%

NASDAQ:AVAV opened at $276.99 on Tuesday. The company has a market capitalization of $13.83 billion, a PE ratio of -432.79, a price-to-earnings-growth ratio of 5.37 and a beta of 1.09. The company has a quick ratio of 5.12, a current ratio of 5.96 and a debt-to-equity ratio of 0.16. AeroVironment, Inc. has a 52-week low of $102.25 and a 52-week high of $417.86. The stock has a fifty day simple moving average of $337.99 and a 200-day simple moving average of $265.60.

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

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.