M&T Bank Corp Raises Stock Holdings in AeroVironment, Inc. (NASDAQ:AVAV)

M&T Bank Corp boosted its holdings in shares of AeroVironment, Inc. (NASDAQ:AVAVFree Report) by 15.8% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 3,202 shares of the aerospace company’s stock after purchasing an additional 438 shares during the quarter. M&T Bank Corp’s holdings in AeroVironment were worth $404,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Lord Abbett & CO. LLC grew its position in shares of AeroVironment by 106.9% during 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 in the last quarter. Vanguard Group Inc. increased its position in shares of 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 purchasing an additional 209,359 shares during the last quarter. Victory Capital Management Inc. raised its stake in shares of AeroVironment by 3,565.5% in the 4th quarter. Victory Capital Management Inc. now owns 171,288 shares of the aerospace company’s stock valued at $21,589,000 after purchasing an additional 166,615 shares in the last quarter. International Assets Investment Management LLC bought a new position in shares of AeroVironment during the fourth quarter worth about $20,287,000. Finally, Congress Asset Management Co. MA grew its stake 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 worth $33,956,000 after purchasing an additional 44,748 shares in the last quarter. 86.38% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

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

Read Our Latest Stock Analysis on AVAV

Insiders Place Their Bets

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

AeroVironment Trading Down 0.6 %

Shares of NASDAQ AVAV opened at $193.04 on Thursday. The company has a market cap of $5.43 billion, a price-to-earnings ratio of -44.79 and a beta of 0.44. The stock’s 50 day simple moving average is $158.73 and its 200 day simple moving average is $137.78. 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, Inc. has a 12-month low of $88.24 and a 12-month high of $196.10.

AeroVironment (NASDAQ:AVAVGet Free Report) last posted its earnings results on Monday, March 4th. The aerospace company reported $0.63 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.33 by $0.30. The company had revenue of $186.60 million for the quarter, compared to analysts’ expectations of $170.62 million. AeroVironment had a positive return on equity of 13.93% and a negative net margin of 15.14%. The firm’s quarterly revenue was up 38.8% compared to the same quarter last year. During the same period last year, the business posted $0.33 earnings per share. Equities research analysts expect that AeroVironment, Inc. will post 2.8 EPS for the current year.

AeroVironment Profile

(Free Report)

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.

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Institutional Ownership by Quarter for AeroVironment (NASDAQ:AVAV)

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