3,502 Shares in AeroVironment, Inc. $AVAV Acquired by Nomura Asset Management Co. Ltd.

Nomura Asset Management Co. Ltd. purchased a new stake in shares of AeroVironment, Inc. (NASDAQ:AVAV) during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 3,502 shares of the aerospace company’s stock, valued at approximately $998,000.

Other large investors have also recently made changes to their positions in the company. Ameriprise Financial Inc. boosted its stake in shares of AeroVironment by 281.6% in the 1st quarter. Ameriprise Financial Inc. now owns 430,307 shares of the aerospace company’s stock valued at $51,288,000 after purchasing an additional 317,530 shares in the last quarter. Alyeska Investment Group L.P. lifted its stake in AeroVironment by 48.2% in the first quarter. Alyeska Investment Group L.P. now owns 902,814 shares of the aerospace company’s stock worth $107,606,000 after purchasing an additional 293,553 shares during the last quarter. Nuveen LLC bought a new stake in AeroVironment in the first quarter worth $23,501,000. Tocqueville Asset Management L.P. purchased a new stake in AeroVironment during the first quarter valued at about $16,802,000. Finally, Bank of New York Mellon Corp grew its stake in shares of AeroVironment by 54.0% during the second quarter. Bank of New York Mellon Corp now owns 398,772 shares of the aerospace company’s stock valued at $113,630,000 after buying an additional 139,880 shares during the last quarter. 86.38% of the stock is owned by hedge funds and other institutional investors.

AeroVironment Price Performance

AVAV opened at $272.54 on Friday. The company has a debt-to-equity ratio of 0.16, a quick ratio of 5.12 and a current ratio of 5.96. The stock has a market capitalization of $13.61 billion, a PE ratio of -425.84, a price-to-earnings-growth ratio of 5.37 and a beta of 1.09. The stock’s 50 day moving average price is $337.47 and its 200-day moving average price is $264.10. AeroVironment, Inc. has a 52-week low of $102.25 and a 52-week high of $417.86.

AeroVironment (NASDAQ:AVAV) last released its quarterly earnings results on Monday, August 28th. The aerospace company reported $0.12 earnings per share for the quarter. The business had revenue of $132.62 million for the quarter. AeroVironment had a negative net margin of 4.14% and a positive return on equity of 4.67%. On average, equities research analysts predict that AeroVironment, Inc. will post 3.38 EPS for the current year.

Insider Activity

In other AeroVironment news, CFO Kevin Patrick Mcdonnell sold 998 shares of AeroVironment stock in a transaction that occurred on Friday, October 10th. The stock was sold at an average price of $399.74, for a total transaction of $398,940.52. Following the sale, the chief financial officer directly owned 19,324 shares of the company’s stock, valued at approximately $7,724,575.76. The trade was a 4.91% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Trace E. Stevenson sold 1,717 shares of the company’s stock in a transaction that occurred on Monday, October 6th. The stock was sold at an average price of $381.00, for a total value of $654,177.00. Following the transaction, the insider owned 4,907 shares in the company, valued at $1,869,567. This trade represents a 25.92% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 3,228 shares of company stock worth $1,223,157 in the last quarter. 0.81% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on AVAV shares. BTIG Research boosted their target price on AeroVironment from $300.00 to $415.00 and gave the company a “buy” rating in a research note on Friday, October 3rd. BNP Paribas raised AeroVironment to a “strong-buy” rating in a research note on Tuesday, November 18th. Zacks Research lowered AeroVironment from a “hold” rating to a “strong sell” rating in a research note on Monday, November 10th. Piper Sandler began coverage on shares of AeroVironment in a report on Thursday. They issued an “overweight” rating and a $391.00 target price on the stock. Finally, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of AeroVironment in a research note on Thursday. Three research analysts have rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and an average price target of $358.19.

About AeroVironment

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.