GAMMA Investing LLC Takes Position in AeroVironment, Inc. (NASDAQ:AVAV)

GAMMA Investing LLC acquired a new stake in AeroVironment, Inc. (NASDAQ:AVAV) in the 4th quarter, according to the company in its most recent filing with the SEC. The fund acquired 267 shares of the aerospace company’s stock, valued at approximately $32,000.

Several other hedge funds also recently modified their holdings of AVAV. RiverPark Advisors LLC increased its stake in AeroVironment by 77.2% during the 4th quarter. RiverPark Advisors LLC now owns 388 shares of the aerospace company’s stock valued at $49,000 after purchasing an additional 169 shares in the last quarter. Householder Group Estate & Retirement Specialist LLC bought a new stake in AeroVironment during the 4th quarter valued at $69,000. Strs Ohio bought a new stake in AeroVironment during the 3rd quarter valued at $133,000. Allspring Global Investments Holdings LLC increased its stake in AeroVironment by 50.9% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 1,206 shares of the aerospace company’s stock valued at $135,000 after purchasing an additional 407 shares in the last quarter. Finally, Larson Financial Group LLC increased its stake in AeroVironment by 6,980.0% during the 3rd quarter. Larson Financial Group LLC now owns 1,416 shares of the aerospace company’s stock valued at $158,000 after purchasing an additional 1,396 shares in the last quarter. Institutional investors own 86.38% of the company’s stock.

Analyst Upgrades and Downgrades

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

Insider Buying and Selling

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 transaction, the senior vice president now directly owns 12,339 shares of the company’s stock, valued at approximately $2,181,165.03. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other AeroVironment news, SVP Melissa Ann Brown sold 1,000 shares of the company’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 of the company’s stock, valued at $2,181,165.03. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, VP Trace E. Stevenson sold 1,913 shares of the company’s stock in a transaction dated Thursday, March 7th. The shares were sold at an average price of $183.00, for a total transaction of $350,079.00. Following the sale, the vice president now directly 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 Price Performance

Shares of NASDAQ:AVAV opened at $168.77 on Monday. The company’s 50-day moving average is $151.17 and its 200 day moving average is $133.91. The company has a debt-to-equity ratio of 0.04, a quick ratio of 3.16 and a current ratio of 4.66. The company has a market capitalization of $4.75 billion, a P/E ratio of -39.16 and a beta of 0.44. AeroVironment, Inc. has a fifty-two week low of $88.24 and a fifty-two week high of $184.61.

AeroVironment (NASDAQ:AVAV) last issued 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. The company had revenue of $186.60 million for the quarter, compared to the consensus estimate of $170.62 million. AeroVironment had a negative net margin of 15.14% and a positive return on equity of 13.93%. The firm’s quarterly 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, equities research analysts forecast that AeroVironment, Inc. will post 2.8 earnings per share for the current year.

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.