Strs Ohio Has $189,000 Stock Holdings in AeroVironment, Inc. (NASDAQ:AVAV)

Strs Ohio grew its stake in AeroVironment, Inc. (NASDAQ:AVAV) by 25.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,500 shares of the aerospace company’s stock after buying an additional 300 shares during the period. Strs Ohio’s holdings in AeroVironment were worth $189,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. RiverPark Advisors LLC increased its stake in shares of AeroVironment by 77.2% in the fourth quarter. RiverPark Advisors LLC now owns 388 shares of the aerospace company’s stock valued at $49,000 after buying an additional 169 shares during the period. Amalgamated Bank increased its stake in shares of AeroVironment by 1.7% in the third quarter. Amalgamated Bank now owns 11,666 shares of the aerospace company’s stock valued at $1,301,000 after buying an additional 190 shares during the period. State Board of Administration of Florida Retirement System increased its stake in shares of AeroVironment by 4.4% in the third quarter. State Board of Administration of Florida Retirement System now owns 7,432 shares of the aerospace company’s stock valued at $829,000 after buying an additional 310 shares during the period. Victory Capital Management Inc. increased its stake in shares of AeroVironment by 8.1% in the third quarter. Victory Capital Management Inc. now owns 4,673 shares of the aerospace company’s stock valued at $521,000 after buying an additional 350 shares during the period. Finally, Arizona State Retirement System increased its stake in shares of AeroVironment by 5.2% in the third quarter. Arizona State Retirement System now owns 7,464 shares of the aerospace company’s stock valued at $832,000 after buying an additional 368 shares during the period. Institutional investors and hedge funds own 86.38% of the company’s stock.

Insiders Place Their Bets

In other AeroVironment news, SVP Melissa Ann Brown sold 1,000 shares of the stock in a transaction that occurred on Thursday, March 7th. The stock was sold at an average price of $176.77, for a total value of $176,770.00. Following the transaction, the senior vice president now owns 12,339 shares in the company, valued at $2,181,165.03. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other news, SVP Melissa Ann Brown sold 1,000 shares of the firm’s stock in a transaction that occurred on Thursday, March 7th. The stock was sold at an average price of $176.77, for a total value of $176,770.00. Following the transaction, the senior vice president now owns 12,339 shares in the company, valued at $2,181,165.03. The transaction was disclosed in a 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 firm’s stock in a transaction that occurred on Thursday, March 7th. The shares were sold at an average price of $183.00, for a total value of $350,079.00. Following the completion of the transaction, the vice president now owns 2,570 shares in the company, valued at approximately $470,310. The disclosure for this sale can be found here. Corporate insiders own 1.40% of the company’s stock.

AeroVironment Stock Up 0.3 %

Shares of NASDAQ:AVAV opened at $159.79 on Wednesday. The business’s 50 day simple moving average is $147.97 and its two-hundred day simple moving average is $132.64. The firm has a market cap of $4.50 billion, a P/E ratio of -37.07 and a beta of 0.44. The company has a debt-to-equity ratio of 0.04, a quick ratio of 3.16 and a current ratio of 4.66. AeroVironment, Inc. has a 52-week low of $88.24 and a 52-week high of $184.61.

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

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the company. William Blair reaffirmed an “outperform” rating on shares of AeroVironment in a research note on Tuesday, March 5th. 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. Finally, Royal Bank of Canada raised their target price on AeroVironment from $160.00 to $165.00 and gave the stock an “outperform” rating in a research note on Friday, April 5th. Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $140.20.

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.