IFP Advisors Inc Acquires 337 Shares of AeroVironment, Inc. $AVAV

IFP Advisors Inc grew its holdings in shares of AeroVironment, Inc. (NASDAQ:AVAV) by 25.7% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,650 shares of the aerospace company’s stock after buying an additional 337 shares during the quarter. IFP Advisors Inc’s holdings in AeroVironment were worth $498,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Stephens Investment Management Group LLC lifted its position in AeroVironment by 41.0% during the 1st quarter. Stephens Investment Management Group LLC now owns 763,489 shares of the aerospace company’s stock worth $91,000,000 after buying an additional 221,948 shares in the last quarter. Penserra Capital Management LLC raised its holdings in shares of AeroVironment by 35.4% in the 1st quarter. Penserra Capital Management LLC now owns 17,873 shares of the aerospace company’s stock valued at $2,130,000 after purchasing an additional 4,669 shares during the period. Stephens Inc. AR raised its holdings in shares of AeroVironment by 94.8% in the 1st quarter. Stephens Inc. AR now owns 4,415 shares of the aerospace company’s stock valued at $526,000 after purchasing an additional 2,148 shares during the period. Vontobel Holding Ltd. bought a new stake in shares of AeroVironment in the 1st quarter valued at about $1,142,000. Finally, Principal Financial Group Inc. raised its holdings in shares of AeroVironment by 2.3% in the 1st quarter. Principal Financial Group Inc. now owns 139,835 shares of the aerospace company’s stock valued at $16,667,000 after purchasing an additional 3,183 shares during the period. 86.38% of the stock is owned by institutional investors.

Insider Buying and Selling

In other AeroVironment news, insider Trace E. Stevenson sold 1,717 shares of the stock in a transaction that occurred on Monday, October 6th. The shares were sold at an average price of $381.00, for a total transaction of $654,177.00. Following the transaction, the insider owned 4,907 shares in the company, valued at $1,869,567. This represents a 25.92% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Kevin Patrick Mcdonnell sold 998 shares of the company’s stock in a transaction that occurred on Friday, October 10th. The stock was sold at an average price of $399.74, for a total transaction of $398,940.52. Following the sale, the chief financial officer directly owned 19,324 shares of the company’s stock, valued at approximately $7,724,575.76. This trade represents a 4.91% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.81% of the company’s stock.

AeroVironment Stock Performance

Shares of NASDAQ:AVAV opened at $401.63 on Wednesday. The company’s 50 day moving average price is $282.92 and its two-hundred day moving average price is $224.30. AeroVironment, Inc. has a 12-month low of $102.25 and a 12-month high of $417.86. The firm has a market cap of $20.05 billion, a PE ratio of -627.54, a PEG ratio of 6.95 and a beta of 0.99. 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 (NASDAQ:AVAV) last announced its earnings results on Monday, August 28th. The aerospace company reported $0.12 earnings per share (EPS) for the quarter. AeroVironment had a negative net margin of 4.14% and a positive return on equity of 4.67%. The firm had revenue of $132.62 million for the quarter. Equities research analysts predict that AeroVironment, Inc. will post 3.38 earnings per share for the current year.

Wall Street Analyst Weigh In

AVAV has been the topic of a number of research analyst reports. Raymond James Financial upped their target price on shares of AeroVironment from $300.00 to $348.00 and gave the company a “strong-buy” rating in a report on Monday, September 29th. Cantor Fitzgerald initiated coverage on shares of AeroVironment in a report on Tuesday, July 8th. They issued an “overweight” rating and a $335.00 target price on the stock. Oppenheimer reaffirmed an “outperform” rating on shares of AeroVironment in a report on Sunday, June 29th. Bank of America began coverage on shares of AeroVironment in a research note on Thursday, September 18th. They issued a “buy” rating and a $300.00 price target on the stock. Finally, New Street Research set a $365.00 price target on shares of AeroVironment in a research note on Wednesday, October 1st. Two research analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of “Buy” and an average target price of $356.07.

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.