160,953 Shares in AeroVironment, Inc. (NASDAQ:AVAV) Acquired by International Assets Investment Management LLC

International Assets Investment Management LLC purchased a new stake in shares of AeroVironment, Inc. (NASDAQ:AVAV) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 160,953 shares of the aerospace company’s stock, valued at approximately $20,287,000. International Assets Investment Management LLC owned approximately 0.57% of AeroVironment as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Lord Abbett & CO. LLC boosted its position in shares of AeroVironment by 106.9% in the third quarter. Lord Abbett & CO. LLC now owns 556,853 shares of the aerospace company’s stock worth $62,106,000 after buying an additional 287,730 shares during the period. Vanguard Group Inc. boosted its holdings in AeroVironment by 7.9% in the 3rd quarter. Vanguard Group Inc. now owns 2,860,954 shares of the aerospace company’s stock worth $319,082,000 after acquiring an additional 209,359 shares during the period. Congress Asset Management Co. MA grew its position in AeroVironment by 17.2% in the third quarter. Congress Asset Management Co. MA now owns 304,460 shares of the aerospace company’s stock valued at $33,956,000 after acquiring an additional 44,748 shares in the last quarter. Quadrature Capital Ltd raised its stake in shares of AeroVironment by 273.6% during the third quarter. Quadrature Capital Ltd now owns 55,184 shares of the aerospace company’s stock valued at $6,151,000 after purchasing an additional 40,415 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its position in shares of AeroVironment by 20.1% during the third quarter. Charles Schwab Investment Management Inc. now owns 231,825 shares of the aerospace company’s stock worth $25,855,000 after purchasing an additional 38,808 shares in the last quarter. 86.38% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on AVAV. Royal Bank of Canada raised their price target on shares of AeroVironment from $160.00 to $165.00 and gave the company an “outperform” rating in a report on Friday, April 5th. Robert W. Baird reaffirmed a “neutral” rating and set a $161.00 target price on shares of AeroVironment in a research report on Friday, March 8th. Finally, William Blair reissued an “outperform” rating on shares of AeroVironment in a report on Tuesday, March 5th. Three equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $140.20.

AeroVironment Trading Up 1.8 %

NASDAQ AVAV opened at $168.77 on Friday. The firm has a market capitalization of $4.75 billion, a PE ratio of -39.16 and a beta of 0.44. AeroVironment, Inc. has a one year low of $88.24 and a one year high of $184.61. The company has a 50-day simple moving average of $151.17 and a 200-day simple moving average of $133.79. 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 (NASDAQ:AVAV) last announced its quarterly earnings results on Monday, March 4th. The aerospace company reported $0.63 earnings per share for the quarter, topping analysts’ consensus estimates of $0.33 by $0.30. AeroVironment had a positive return on equity of 13.93% and a negative net margin of 15.14%. The business had revenue of $186.60 million for the quarter, compared to analysts’ expectations of $170.62 million. During the same period in the prior year, the firm earned $0.33 EPS. The business’s quarterly revenue was up 38.8% on a year-over-year basis. On average, equities analysts forecast that AeroVironment, Inc. will post 2.8 earnings per share for the current year.

Insider Buying and Selling at AeroVironment

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