2,366 Shares in AeroVironment, Inc. (NASDAQ:AVAV) Purchased by Baader Bank Aktiengesellschaft

Baader Bank Aktiengesellschaft acquired a new position in AeroVironment, Inc. (NASDAQ:AVAV) in the 2nd quarter, Holdings Channel reports. The institutional investor acquired 2,366 shares of the aerospace company’s stock, valued at approximately $420,000.

Several other institutional investors have also bought and sold shares of AVAV. International Assets Investment Management LLC acquired a new stake in AeroVironment in the fourth quarter worth about $20,287,000. Allspring Global Investments Holdings LLC lifted its holdings in AeroVironment by 1,593.4% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 20,423 shares of the aerospace company’s stock worth $2,574,000 after purchasing an additional 19,217 shares during the period. Sequoia Financial Advisors LLC acquired a new stake in AeroVironment in the fourth quarter worth about $278,000. Louisiana State Employees Retirement System acquired a new stake in AeroVironment in the 4th quarter valued at about $1,664,000. Finally, Strs Ohio lifted its holdings in AeroVironment by 25.0% in the 4th quarter. Strs Ohio now owns 1,500 shares of the aerospace company’s stock valued at $189,000 after acquiring an additional 300 shares during the last quarter. Institutional investors and hedge funds own 86.38% of the company’s stock.

Insider Buying and Selling at AeroVironment

In other news, CEO Wahid Nawabi sold 9,867 shares of the company’s stock in a transaction dated Friday, July 5th. The stock was sold at an average price of $169.23, for a total value of $1,669,792.41. Following the transaction, the chief executive officer now owns 99,892 shares in the company, valued at approximately $16,904,723.16. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, CEO Wahid Nawabi sold 9,867 shares of the company’s stock in a transaction dated Friday, July 5th. The stock was sold at an average price of $169.23, for a total value of $1,669,792.41. Following the transaction, the chief executive officer now owns 99,892 shares in the company, valued at approximately $16,904,723.16. The sale 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 the company’s stock in a transaction dated Monday, July 1st. The shares were sold at an average price of $178.45, for a total value of $91,187.95. Following the completion of the transaction, the chief financial officer now owns 21,334 shares in the company, valued at approximately $3,807,052.30. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 10,891 shares of company stock valued at $1,850,601. 1.40% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

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

AeroVironment Trading Up 1.5 %

AVAV stock traded up $2.76 during mid-day trading on Thursday, reaching $186.83. 234,056 shares of the stock traded hands, compared to its average volume of 339,695. The company has a current ratio of 3.56, a quick ratio of 2.52 and a debt-to-equity ratio of 0.02. AeroVironment, Inc. has a 52-week low of $91.25 and a 52-week high of $224.00. The company has a market cap of $5.26 billion, a P/E ratio of 82.91 and a beta of 0.51. The stock’s fifty day moving average is $182.60 and its 200-day moving average is $165.31.

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

AeroVironment Profile

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.