AeroVironment, Inc. (NASDAQ:AVAV) Shares Purchased by Duality Advisers LP

Duality Advisers LP grew its holdings in shares of AeroVironment, Inc. (NASDAQ:AVAV) by 14.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 4,188 shares of the aerospace company’s stock after purchasing an additional 536 shares during the quarter. Duality Advisers LP’s holdings in AeroVironment were worth $528,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Vanguard Group Inc. boosted its stake in AeroVironment by 7.9% during the 3rd quarter. Vanguard Group Inc. now owns 2,860,954 shares of the aerospace company’s stock worth $319,082,000 after purchasing an additional 209,359 shares during the last quarter. Lord Abbett & CO. LLC boosted its stake in AeroVironment by 106.9% during the 3rd quarter. Lord Abbett & CO. LLC now owns 556,853 shares of the aerospace company’s stock worth $62,106,000 after purchasing an additional 287,730 shares during the last quarter. FMR LLC boosted its stake in AeroVironment by 0.6% during the 3rd quarter. FMR LLC now owns 492,766 shares of the aerospace company’s stock worth $54,958,000 after purchasing an additional 3,122 shares during the last quarter. Congress Asset Management Co. MA boosted its stake in AeroVironment by 17.2% during the 3rd quarter. Congress Asset Management Co. MA now owns 304,460 shares of the aerospace company’s stock worth $33,956,000 after purchasing an additional 44,748 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. boosted its stake in AeroVironment by 1.7% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 288,155 shares of the aerospace company’s stock worth $36,319,000 after purchasing an additional 4,728 shares during the last quarter. Institutional investors and hedge funds own 86.38% of the company’s stock.

AeroVironment Stock Down 1.5 %

Shares of AVAV opened at $155.64 on Friday. The firm has a market cap of $4.38 billion, a P/E ratio of -36.11 and a beta of 0.44. AeroVironment, Inc. has a 12-month low of $88.24 and a 12-month high of $184.61. The company’s 50-day moving average price is $146.60 and its 200 day moving average price is $131.59. The company has a current ratio of 4.66, a quick ratio of 3.16 and a debt-to-equity ratio of 0.04.

AeroVironment (NASDAQ:AVAV) last issued its quarterly earnings data on Monday, March 4th. The aerospace company reported $0.63 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.33 by $0.30. The firm had revenue of $186.60 million for the quarter, compared to analyst estimates of $170.62 million. AeroVironment had a negative net margin of 15.14% and a positive return on equity of 13.93%. AeroVironment’s revenue was up 38.8% on a year-over-year basis. During the same period in the previous year, the firm earned $0.33 EPS. On average, sell-side analysts forecast that AeroVironment, Inc. will post 2.8 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on AVAV. Robert W. Baird reaffirmed a “neutral” rating and set a $161.00 target price on shares of AeroVironment in a research note on Friday, March 8th. Royal Bank of Canada lifted their price target on AeroVironment from $160.00 to $165.00 and gave the stock an “outperform” rating in a report on Friday, April 5th. Finally, William Blair reiterated an “outperform” rating on shares of AeroVironment in a report on Tuesday, March 5th. 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, AeroVironment presently has an average rating of “Moderate Buy” and a consensus price target of $140.20.

Insider Activity at AeroVironment

In related news, SVP Melissa Ann Brown sold 1,000 shares of the business’s stock in a transaction dated Thursday, March 7th. The shares were sold at an average price of $176.77, for a total value of $176,770.00. Following the sale, the senior vice president now directly owns 12,339 shares in the company, valued at approximately $2,181,165.03. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In other AeroVironment news, SVP Melissa Ann Brown sold 1,000 shares of the business’s stock in a transaction dated Thursday, March 7th. The shares were sold at an average price of $176.77, for a total transaction of $176,770.00. Following the sale, the senior vice president now directly owns 12,339 shares in the company, valued at $2,181,165.03. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Trace E. Stevenson sold 1,913 shares of the business’s stock in a transaction dated Thursday, March 7th. The stock was sold at an average price of $183.00, for a total transaction of $350,079.00. Following the sale, the vice president now owns 2,570 shares in the company, valued at $470,310. The disclosure for this sale can be found here. 1.40% of the stock is owned by insiders.

AeroVironment Company 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.