Bleakley Financial Group LLC purchased a new position in shares of AeroVironment, Inc. (NASDAQ:AVAV – Free Report) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 10,378 shares of the aerospace company’s stock, valued at approximately $1,900,000.
Several other hedge funds also recently added to or reduced their stakes in AVAV. United Services Automobile Association bought a new stake in AeroVironment in the first quarter worth about $225,000. Schnieders Capital Management LLC. bought a new position in shares of AeroVironment during the second quarter valued at approximately $285,000. American Century Companies Inc. purchased a new stake in shares of AeroVironment in the second quarter worth approximately $633,000. EverSource Wealth Advisors LLC raised its holdings in shares of AeroVironment by 5,200.0% in the second quarter. EverSource Wealth Advisors LLC now owns 159 shares of the aerospace company’s stock worth $45,000 after buying an additional 156 shares during the period. Finally, Marshall Wace LLP raised its holdings in shares of AeroVironment by 0.4% in the second quarter. Marshall Wace LLP now owns 24,188 shares of the aerospace company’s stock worth $6,892,000 after buying an additional 108 shares during the period. 86.38% of the stock is currently owned by institutional investors.
AeroVironment Price Performance
NASDAQ AVAV opened at $149.29 on Friday. The company has a debt-to-equity ratio of 0.17, a quick ratio of 3.59 and a current ratio of 4.30. The firm’s 50 day moving average price is $168.69 and its 200-day moving average price is $217.35. AeroVironment, Inc. has a 52-week low of $135.20 and a 52-week high of $417.86. The company has a market cap of $7.56 billion, a PE ratio of -40.57, a P/E/G ratio of 2.13 and a beta of 1.39.
Wall Street Analysts Forecast Growth
A number of equities analysts recently issued reports on the company. Royal Bank Of Canada cut AeroVironment from an “outperform” rating to a “sector perform” rating and dropped their price objective for the company from $210.00 to $180.00 in a report on Thursday, July 9th. Raymond James Financial upgraded AeroVironment from an “underperform” rating to a “market perform” rating in a research note on Monday, March 23rd. Jefferies Financial Group decreased their target price on AeroVironment from $305.00 to $229.00 and set a “buy” rating for the company in a research report on Wednesday, July 1st. Citigroup reissued an “outperform” rating on shares of AeroVironment in a research note on Friday, July 10th. Finally, Canaccord Genuity Group cut their price target on shares of AeroVironment from $280.00 to $240.00 and set a “buy” rating on the stock in a report on Friday, July 10th. Two research analysts have rated the stock with a Strong Buy rating, eighteen have issued a Buy rating, three have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $266.68.
Check Out Our Latest Research Report on AVAV
Insider Transactions at AeroVironment
In other news, Director Stephen F. Page sold 250 shares of AeroVironment stock in a transaction on Monday, June 15th. The stock was sold at an average price of $174.41, for a total value of $43,602.50. Following the transaction, the director directly owned 49,001 shares in the company, valued at approximately $8,546,264.41. This trade represents a 0.51% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 0.81% of the company’s stock.
Trending Headlines about AeroVironment
Here are the key news stories impacting AeroVironment this week:
- Positive Sentiment: Raymond James upgraded AeroVironment to Outperform and set a $210 price target, pointing to improving bookings and a recovering backlog. AeroVironment Stock Climbs: What’s Happening Today?
- Positive Sentiment: Reports of progress on an Army laser-weapon program added to investor optimism around future defense-contract revenue. AeroVironment shares gain after report of progress on Army laser weapon
- Positive Sentiment: Other analysts echoed the bullish view, saying the risk/reward has become more attractive after the stock’s steep year-to-date decline. Risk/Reward Has Turned Decisively Positive”: AeroVironment (AVAV) Stock Gets an Upgrade after 55% Slide
- Neutral Sentiment: Multiple law firms issued reminders about the July 27 lead-plaintiff deadline in the ongoing securities class action tied to the stock’s prior decline; these notices add legal overhang but are mostly procedural. AeroVironment, Inc. (AVAV) Shareholders Who Lost Money Have Opportunity to Lead Securities Fraud Lawsuit
- Negative Sentiment: The class-action campaign reinforces concerns tied to allegations around prior disclosures, including the SCAR contract cancellation and a large goodwill impairment, which can keep sentiment cautious. Lost Money on AeroVironment, Inc. (AVAV)? Join Class Action Suit Seeking Recovery – Contact SueWallSt
AeroVironment Company Profile
AeroVironment, Inc (NASDAQ:AVAV) is a technology company specializing in unmanned aerial systems (UAS), tactical missiles and precision loitering munitions, electric vehicle charging and scalable energy systems. Headquartered in Monrovia, California, the company develops solutions for defense, public safety and commercial markets. Their offerings include small UAS for intelligence, surveillance and reconnaissance, as well as advanced weapons systems designed to meet the needs of modern military operations.
The company’s unmanned aerial systems portfolio features platforms such as the Raven, Puma and Switchblade series, which are deployed by the U.S.
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