Parkside Financial Bank & Trust boosted its holdings in AeroVironment, Inc. (NASDAQ:AVAV – Get Rating) by 227.9% in the second quarter, HoldingsChannel reports. The firm owned 364 shares of the aerospace company's stock after purchasing an additional 253 shares during the period. Parkside Financial Bank & Trust's holdings in AeroVironment were worth $30,000 at the end of the most recent quarter.
A number of other hedge funds have also added to or reduced their stakes in the business. Victory Capital Management Inc. increased its holdings in AeroVironment by 3.1% in the first quarter. Victory Capital Management Inc. now owns 5,121 shares of the aerospace company's stock worth $411,000 after purchasing an additional 153 shares in the last quarter. Mutual of America Capital Management LLC grew its stake in AeroVironment by 5.5% in the first quarter. Mutual of America Capital Management LLC now owns 3,325 shares of the aerospace company's stock valued at $313,000 after acquiring an additional 173 shares during the period. Bouvel Investment Partners LLC grew its stake in AeroVironment by 0.8% in the first quarter. Bouvel Investment Partners LLC now owns 26,969 shares of the aerospace company's stock valued at $2,539,000 after acquiring an additional 220 shares during the period. Teacher Retirement System of Texas grew its stake in AeroVironment by 6.6% in the first quarter. Teacher Retirement System of Texas now owns 4,850 shares of the aerospace company's stock valued at $457,000 after acquiring an additional 302 shares during the period. Finally, Stephens Inc. AR acquired a new stake in AeroVironment in the first quarter valued at approximately $36,000. 88.40% of the stock is currently owned by institutional investors.
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In other AeroVironment news, Director Charles R. Holland sold 3,001 shares of the business's stock in a transaction on Tuesday, July 5th. The stock was sold at an average price of $80.87, for a total value of $242,690.87. Following the sale, the director now directly owns 63,000 shares in the company, valued at $5,094,810. The sale was disclosed in a filing with the SEC, which is accessible through this link. In related news, Director Charles R. Holland sold 3,001 shares of the business's stock in a transaction on Tuesday, July 5th. The stock was sold at an average price of $80.87, for a total transaction of $242,690.87. Following the sale, the director now directly owns 63,000 shares in the company, valued at approximately $5,094,810. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CAO Brian Charles Shackley sold 500 shares of the business's stock in a transaction on Monday, September 12th. The shares were sold at an average price of $100.39, for a total value of $50,195.00. Following the sale, the chief accounting officer now owns 3,382 shares in the company, valued at $339,518.98. The disclosure for this sale can be found here. Insiders have sold a total of 14,826 shares of company stock worth $1,323,206 over the last ninety days. 1.80% of the stock is currently owned by company insiders.
AeroVironment Stock Performance
Shares of AeroVironment stock opened at $88.65 on Friday. The business's fifty day simple moving average is $91.44 and its 200 day simple moving average is $89.38. The firm has a market capitalization of $2.22 billion, a P/E ratio of 1,773.35 and a beta of 0.50. AeroVironment, Inc. has a 12 month low of $52.03 and a 12 month high of $114.11. The company has a current ratio of 3.73, a quick ratio of 2.70 and a debt-to-equity ratio of 0.29.AeroVironment (NASDAQ:AVAV – Get Rating) last issued its quarterly earnings results on Wednesday, September 7th. The aerospace company reported ($0.10) EPS for the quarter, missing analysts' consensus estimates of $0.09 by ($0.19). The business had revenue of $108.52 million for the quarter, compared to the consensus estimate of $103.41 million. AeroVironment had a return on equity of 5.39% and a net margin of 0.31%. The business's revenue was up 7.4% compared to the same quarter last year. During the same quarter last year, the business posted ($0.17) earnings per share. As a group, analysts anticipate that AeroVironment, Inc. will post 1.56 EPS for the current year.
Wall Street Analysts Forecast Growth
A number of equities research analysts have commented on AVAV shares. Royal Bank of Canada raised their price objective on AeroVironment from $100.00 to $115.00 in a research note on Monday, August 22nd. StockNews.com raised AeroVironment from a "sell" rating to a "hold" rating in a research note on Wednesday, August 31st. Canaccord Genuity Group raised their price objective on AeroVironment from $85.00 to $90.00 and gave the company a "buy" rating in a research note on Wednesday, June 29th. Canaccord Genuity Group lifted their target price on AeroVironment from $85.00 to $90.00 and gave the company a "buy" rating in a research report on Wednesday, June 29th. Finally, Alembic Global Advisors raised AeroVironment from a "neutral" rating to an "overweight" rating and set a $103.00 target price on the stock in a research report on Friday, July 1st. Four analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $89.00.
AeroVironment Company Profile
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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 four segments: Unmanned Aircraft Systems (UAS), Tactical Missile System (TMS), Medium Unmanned Aircraft Systems (MUAS), and High Altitude Pseudo-Satellite Systems (HAPS).
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