Twin Tree Management LP Takes $290,000 Position in AeroVironment, Inc. (NASDAQ:AVAV)

Twin Tree Management LP purchased a new stake in shares of AeroVironment, Inc. (NASDAQ:AVAV) in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm purchased 1,894 shares of the aerospace company’s stock, valued at approximately $290,000.

Several other large investors have also recently modified their holdings of the business. Corient Private Wealth LLC raised its stake in shares of AeroVironment by 1.7% during the fourth quarter. Corient Private Wealth LLC now owns 4,882 shares of the aerospace company’s stock valued at $615,000 after acquiring an additional 80 shares during the last quarter. Avantax Advisory Services Inc. increased its position in shares of AeroVironment by 2.6% during the fourth quarter. Avantax Advisory Services Inc. now owns 3,813 shares of the aerospace company’s stock worth $481,000 after buying an additional 95 shares during the period. Arcadia Investment Management Corp MI increased its position in shares of AeroVironment by 44.1% during the fourth quarter. Arcadia Investment Management Corp MI now owns 327 shares of the aerospace company’s stock worth $41,000 after buying an additional 100 shares during the period. New York State Teachers Retirement System increased its position in shares of AeroVironment by 0.6% during the first quarter. New York State Teachers Retirement System now owns 17,667 shares of the aerospace company’s stock worth $2,708,000 after buying an additional 100 shares during the period. Finally, North Star Investment Management Corp. increased its position in shares of AeroVironment by 8.8% during the first quarter. North Star Investment Management Corp. now owns 1,268 shares of the aerospace company’s stock worth $194,000 after buying an additional 103 shares during the period. Institutional investors own 86.38% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the stock. Royal Bank of Canada reiterated an “outperform” rating and set a $200.00 price objective on shares of AeroVironment in a research report on Thursday, June 27th. BTIG Research assumed coverage on shares of AeroVironment in a research report on Wednesday, June 26th. They set a “buy” rating and a $255.00 price objective for the company. Three analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $175.20.

Insider Activity

In other AeroVironment news, CEO Wahid Nawabi sold 9,867 shares of AeroVironment stock in a transaction dated Friday, July 5th. The shares were sold at an average price of $169.23, for a total value of $1,669,792.41. Following the sale, the chief executive officer now owns 99,892 shares of the company’s stock, valued at $16,904,723.16. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other news, CEO Wahid Nawabi sold 9,867 shares of AeroVironment stock in a transaction dated Friday, July 5th. The shares were sold at an average price of $169.23, for a total value of $1,669,792.41. Following the completion of the transaction, the chief executive officer now owns 99,892 shares in the company, valued at $16,904,723.16. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Kevin Patrick Mcdonnell sold 511 shares of AeroVironment stock in a transaction dated Monday, July 1st. The stock was sold at an average price of $178.45, for a total transaction of $91,187.95. Following the completion of the transaction, the chief financial officer now owns 21,334 shares of the company’s stock, valued at approximately $3,807,052.30. The disclosure for this sale can be found here. Corporate insiders own 1.40% of the company’s stock.

AeroVironment Trading Down 0.7 %

NASDAQ:AVAV opened at $164.23 on Friday. 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 capitalization of $4.62 billion, a price-to-earnings ratio of 73.98 and a beta of 0.51. The firm has a fifty day simple moving average of $191.38 and a two-hundred day simple moving average of $158.94. AeroVironment, Inc. has a 12 month low of $91.00 and a 12 month high of $224.00.

AeroVironment (NASDAQ:AVAV) last posted its quarterly earnings results on Wednesday, June 26th. The aerospace company reported $0.43 EPS for the quarter, topping analysts’ consensus estimates of $0.22 by $0.21. The business had revenue of $197.00 million during the quarter, compared to analysts’ expectations of $188.48 million. AeroVironment had a net margin of 8.32% and a return on equity of 10.89%. The business’s quarterly revenue was up 5.9% on a year-over-year basis. During the same period last year, the company posted $0.99 earnings per share. Analysts expect that AeroVironment, Inc. will post 3.41 EPS 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.