SteelPeak Wealth LLC Purchases 153 Shares of AeroVironment, Inc. (NASDAQ:AVAV)

SteelPeak Wealth LLC grew its holdings in shares of AeroVironment, Inc. (NASDAQ:AVAV) by 1.2% in the third quarter, Holdings Channel.com reports. The firm owned 12,847 shares of the aerospace company’s stock after buying an additional 153 shares during the period. SteelPeak Wealth LLC’s holdings in AeroVironment were worth $2,576,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also recently modified their holdings of AVAV. Pinnacle Associates Ltd. grew its position in shares of AeroVironment by 14.2% in the third quarter. Pinnacle Associates Ltd. now owns 165,645 shares of the aerospace company’s stock valued at $33,212,000 after purchasing an additional 20,545 shares in the last quarter. First Trust Direct Indexing L.P. boosted its stake in AeroVironment by 7.2% in the 3rd quarter. First Trust Direct Indexing L.P. now owns 1,434 shares of the aerospace company’s stock worth $288,000 after purchasing an additional 96 shares during the period. Traynor Capital Management Inc. grew its holdings in AeroVironment by 142.3% during the 3rd quarter. Traynor Capital Management Inc. now owns 25,165 shares of the aerospace company’s stock valued at $5,046,000 after buying an additional 14,780 shares in the last quarter. Tower View Wealth Management LLC increased its position in shares of AeroVironment by 98.8% during the third quarter. Tower View Wealth Management LLC now owns 14,467 shares of the aerospace company’s stock valued at $2,901,000 after buying an additional 7,189 shares during the period. Finally, Consolidated Portfolio Review Corp purchased a new stake in shares of AeroVironment in the third quarter worth about $1,620,000. Hedge funds and other institutional investors own 86.38% of the company’s stock.

Insiders Place Their Bets

In other news, CFO Kevin Patrick Mcdonnell sold 878 shares of the company’s stock in a transaction on Tuesday, October 1st. The shares were sold at an average price of $210.54, for a total value of $184,854.12. Following the completion of the sale, the chief financial officer now owns 17,376 shares of the company’s stock, valued at approximately $3,658,343.04. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Over the last ninety days, insiders have sold 1,787 shares of company stock valued at $352,178. 1.27% of the stock is currently owned by corporate insiders.

AeroVironment Price Performance

NASDAQ AVAV traded down $1.77 during trading hours on Wednesday, reaching $219.08. 71,310 shares of the stock traded hands, compared to its average volume of 335,939. The company has a debt-to-equity ratio of 0.01, a current ratio of 4.26 and a quick ratio of 3.04. The stock has a 50 day simple moving average of $198.98 and a two-hundred day simple moving average of $187.61. AeroVironment, Inc. has a 1 year low of $112.67 and a 1 year high of $227.18. The company has a market cap of $6.18 billion, a price-to-earnings ratio of 102.48 and a beta of 0.50.

AeroVironment (NASDAQ:AVAV) last announced its quarterly earnings data on Wednesday, September 4th. The aerospace company reported $0.89 EPS for the quarter, beating the consensus estimate of $0.61 by $0.28. The firm had revenue of $189.48 million for the quarter, compared to analyst estimates of $183.18 million. AeroVironment had a return on equity of 9.87% and a net margin of 7.82%. The company’s revenue was up 24.4% on a year-over-year basis. During the same period in the prior year, the company earned $1.00 EPS. On average, analysts predict that AeroVironment, Inc. will post 3.36 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

AVAV has been the topic of a number of analyst reports. BTIG Research reaffirmed a “buy” rating and set a $245.00 target price on shares of AeroVironment in a report on Tuesday, September 17th. Alembic Global Advisors raised shares of AeroVironment from a “neutral” rating to an “overweight” rating and set a $216.00 price target on the stock in a report on Wednesday, August 28th. Robert W. Baird raised AeroVironment from a “neutral” rating to an “outperform” rating and lifted their price objective for the company from $161.00 to $220.00 in a research note on Wednesday, August 28th. Baird R W upgraded AeroVironment from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, August 28th. Finally, Royal Bank of Canada lowered their price target on AeroVironment from $230.00 to $215.00 and set an “outperform” rating on the stock in a report on Thursday, September 5th. One equities research analyst has rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, AeroVironment currently has a consensus rating of “Buy” and an average target price of $208.20.

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.