Cambridge Investment Research Advisors Inc. acquired a new position in shares of AeroVironment, Inc. (NASDAQ:AVAV) during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 3,431 shares of the aerospace company’s stock, valued at approximately $245,000.

A number of other institutional investors and hedge funds have also recently made changes to their positions in AVAV. Legal & General Group Plc lifted its stake in AeroVironment by 880.8% during the first quarter. Legal & General Group Plc now owns 396,310 shares of the aerospace company’s stock worth $18,029,000 after purchasing an additional 355,905 shares during the last quarter. BlackRock Inc. lifted its stake in AeroVironment by 8.5% during the first quarter. BlackRock Inc. now owns 3,826,856 shares of the aerospace company’s stock worth $174,161,000 after purchasing an additional 298,784 shares during the last quarter. Baillie Gifford & Co. lifted its stake in AeroVironment by 47.2% during the second quarter. Baillie Gifford & Co. now owns 764,588 shares of the aerospace company’s stock worth $54,614,000 after purchasing an additional 245,033 shares during the last quarter. Nikko Asset Management Americas Inc. lifted its stake in AeroVironment by 52,727.3% during the second quarter. Nikko Asset Management Americas Inc. now owns 230,327 shares of the aerospace company’s stock worth $16,452,000 after purchasing an additional 229,891 shares during the last quarter. Finally, Sumitomo Mitsui Trust Holdings Inc. bought a new position in AeroVironment during the second quarter worth $15,981,000. Hedge funds and other institutional investors own 82.17% of the company’s stock.

A number of equities research analysts have issued reports on the company. Piper Jaffray Companies reiterated a “neutral” rating and issued a $77.00 target price on shares of AeroVironment in a research note on Thursday, September 6th. BidaskClub upgraded AeroVironment from a “hold” rating to a “buy” rating in a research note on Tuesday, July 3rd. Drexel Hamilton reiterated a “hold” rating on shares of AeroVironment in a research note on Wednesday, June 27th. Robert W. Baird raised their target price on AeroVironment from $50.00 to $52.00 and gave the company a “neutral” rating in a research note on Wednesday, June 6th. Finally, Zacks Investment Research upgraded AeroVironment from a “hold” rating to a “strong-buy” rating and set a $115.00 target price on the stock in a research note on Friday, September 7th. Five research analysts have rated the stock with a hold rating, one has given a buy rating and two have assigned a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $83.20.

AVAV stock opened at $107.16 on Monday. The firm has a market capitalization of $2.56 billion, a price-to-earnings ratio of 58.88, a P/E/G ratio of 4.89 and a beta of 1.20. AeroVironment, Inc. has a 1 year low of $41.53 and a 1 year high of $121.32.

AeroVironment (NASDAQ:AVAV) last posted its earnings results on Wednesday, September 5th. The aerospace company reported $0.85 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.06 by $0.79. The company had revenue of $78.04 million for the quarter, compared to analysts’ expectations of $73.65 million. AeroVironment had a return on equity of 10.71% and a net margin of 15.56%. The firm’s quarterly revenue was up 127.1% compared to the same quarter last year. During the same period last year, the business posted ($0.19) earnings per share. equities research analysts anticipate that AeroVironment, Inc. will post 1.1 EPS for the current fiscal year.

In other news, VP Kirk J. Flittie sold 3,659 shares of the firm’s stock in a transaction on Thursday, July 12th. The stock was sold at an average price of $72.76, for a total transaction of $266,228.84. Following the transaction, the vice president now directly owns 9,083 shares of the company’s stock, valued at $660,879.08. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 11.70% of the stock is currently owned by company insiders.

About AeroVironment

AeroVironment, Inc designs, develops, produces, supports, and operates a portfolio of products and services for government agencies and businesses. The company offers unmanned aircraft systems (UAS) and related services primarily to organizations within the U.S. Department of Defense and to international allied governments; and tactical missile systems and related services to organizations within the U.S.

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Institutional Ownership by Quarter for AeroVironment (NASDAQ:AVAV)

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