AeroVironment, Inc. (NASDAQ:AVAV) Shares Purchased by Congress Wealth Management LLC DE

Congress Wealth Management LLC DE increased its stake in shares of AeroVironment, Inc. (NASDAQ:AVAV) by 6.0% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 46,548 shares of the aerospace company’s stock after purchasing an additional 2,645 shares during the quarter. Congress Wealth Management LLC DE’s holdings in AeroVironment were worth $7,135,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. BNP Paribas Financial Markets grew its stake in AeroVironment by 160.7% during the 4th quarter. BNP Paribas Financial Markets now owns 90,946 shares of the aerospace company’s stock worth $11,463,000 after purchasing an additional 56,062 shares in the last quarter. Congress Asset Management Co. MA grew its stake in AeroVironment by 5.9% during the 4th quarter. Congress Asset Management Co. MA now owns 322,445 shares of the aerospace company’s stock worth $40,641,000 after purchasing an additional 17,985 shares in the last quarter. Wellington Management Group LLP grew its stake in AeroVironment by 26.4% during the 3rd quarter. Wellington Management Group LLP now owns 77,121 shares of the aerospace company’s stock worth $8,601,000 after purchasing an additional 16,107 shares in the last quarter. Janney Montgomery Scott LLC grew its stake in AeroVironment by 119.6% during the 4th quarter. Janney Montgomery Scott LLC now owns 13,717 shares of the aerospace company’s stock worth $1,729,000 after purchasing an additional 7,470 shares in the last quarter. Finally, Avantax Advisory Services Inc. grew its stake in AeroVironment by 2.6% during the 4th quarter. Avantax Advisory Services Inc. now owns 3,813 shares of the aerospace company’s stock worth $481,000 after purchasing an additional 95 shares in the last quarter. 86.38% of the stock is owned by institutional investors and hedge funds.

AeroVironment Stock Performance

Shares of AeroVironment stock traded down $6.49 on Monday, hitting $175.67. The stock had a trading volume of 461,102 shares, compared to its average volume of 356,753. AeroVironment, Inc. has a 52-week low of $91.00 and a 52-week high of $224.00. The company has a current ratio of 3.56, a quick ratio of 2.52 and a debt-to-equity ratio of 0.02. The stock has a market cap of $4.94 billion, a price-to-earnings ratio of 79.13 and a beta of 0.51. The company’s 50 day moving average price is $190.95 and its 200 day moving average price is $154.90.

AeroVironment (NASDAQ:AVAV) last posted its earnings results on Wednesday, June 26th. The aerospace company reported $0.43 earnings per share for the quarter, beating the consensus estimate of $0.22 by $0.21. AeroVironment had a return on equity of 10.89% and a net margin of 8.32%. The business had revenue of $197.00 million during the quarter, compared to the consensus estimate of $188.48 million. During the same period in the previous year, the business earned $0.99 EPS. The business’s quarterly revenue was up 5.9% on a year-over-year basis. On average, research analysts anticipate that AeroVironment, Inc. will post 3.36 EPS for the current year.

Analyst Upgrades and Downgrades

AVAV has been the subject of a number of recent analyst reports. Royal Bank of Canada reaffirmed an “outperform” rating and set a $200.00 price target on shares of AeroVironment in a report on Thursday. William Blair reaffirmed an “outperform” rating on shares of AeroVironment in a report on Tuesday, March 5th. Robert W. Baird reaffirmed a “neutral” rating and set a $161.00 price target on shares of AeroVironment in a report on Friday, March 8th. Finally, BTIG Research initiated coverage on AeroVironment in a report on Wednesday, June 26th. They set a “buy” rating and a $255.00 price target for the company. Three investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $175.20.

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.