AeroVironment, Inc. (NASDAQ:AVAV) Position Increased by Vista Investment Partners LLC

Vista Investment Partners LLC boosted its stake in shares of AeroVironment, Inc. (NASDAQ:AVAV) by 12.8% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 11,194 shares of the aerospace company’s stock after purchasing an additional 1,268 shares during the quarter. Vista Investment Partners LLC’s holdings in AeroVironment were worth $2,244,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in AVAV. Congress Asset Management Co. MA increased its stake in AeroVironment by 8.8% during the 1st quarter. Congress Asset Management Co. MA now owns 350,733 shares of the aerospace company’s stock valued at $53,760,000 after buying an additional 28,288 shares during the period. GAMMA Investing LLC lifted its position in AeroVironment by 50.2% in the first quarter. GAMMA Investing LLC now owns 401 shares of the aerospace company’s stock worth $61,000 after purchasing an additional 134 shares during the period. UniSuper Management Pty Ltd bought a new position in AeroVironment during the 1st quarter valued at $854,000. Vanguard Group Inc. raised its stake in shares of AeroVironment by 6.2% in the 1st quarter. Vanguard Group Inc. now owns 3,094,831 shares of the aerospace company’s stock worth $474,376,000 after buying an additional 179,395 shares in the last quarter. Finally, Natixis acquired a new stake in shares of AeroVironment in the first quarter valued at $924,000. 86.38% of the stock is currently owned by institutional investors.

Insider Buying and Selling at AeroVironment

In other news, CFO Kevin Patrick Mcdonnell sold 513 shares of the business’s stock in a transaction dated Thursday, August 1st. The stock was sold at an average price of $174.70, for a total transaction of $89,621.10. Following the completion of the transaction, the chief financial officer now directly owns 18,650 shares in the company, valued at approximately $3,258,155. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In the last 90 days, insiders sold 1,787 shares of company stock worth $352,178. Insiders own 1.40% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the stock. Royal Bank of Canada lowered their price objective on shares of AeroVironment from $230.00 to $215.00 and set an “outperform” rating on the stock in a research note on Thursday, September 5th. BTIG Research reiterated a “buy” rating and set a $245.00 price objective on shares of AeroVironment in a research report on Tuesday, September 17th. Raymond James lowered AeroVironment from an “outperform” rating to a “market perform” rating in a research note on Monday, September 16th. Baird R W raised AeroVironment from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, August 28th. Finally, Robert W. Baird upgraded AeroVironment from a “neutral” rating to an “outperform” rating and increased their price target for the company from $161.00 to $220.00 in a research report on Wednesday, August 28th. One equities research analyst has rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, AeroVironment currently has an average rating of “Buy” and an average target price of $208.20.

AeroVironment Price Performance

NASDAQ:AVAV opened at $215.63 on Friday. The company has a debt-to-equity ratio of 0.01, a quick ratio of 3.04 and a current ratio of 4.26. The company has a 50-day moving average of $193.53 and a 200-day moving average of $183.17. AeroVironment, Inc. has a 52 week low of $112.28 and a 52 week high of $224.00. The company has a market capitalization of $6.07 billion, a price-to-earnings ratio of 97.13 and a beta of 0.50.

AeroVironment (NASDAQ:AVAV) last announced its quarterly earnings results on Wednesday, September 4th. The aerospace company reported $0.89 earnings per share for the quarter, beating analysts’ consensus estimates of $0.61 by $0.28. The firm had revenue of $189.48 million for the quarter, compared to analysts’ expectations of $183.18 million. AeroVironment had a return on equity of 9.87% and a net margin of 7.82%. The business’s revenue was up 24.4% compared to the same quarter last year. During the same period in the prior year, the business posted $1.00 earnings per share. As a group, equities research analysts anticipate that AeroVironment, Inc. will post 3.36 earnings per share 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.