Moseley Investment Management Inc. Invests $280,000 in AeroVironment, Inc. $AVAV

Moseley Investment Management Inc. bought a new position in AeroVironment, Inc. (NASDAQ:AVAV) during the 2nd quarter, HoldingsChannel.com reports. The fund bought 982 shares of the aerospace company’s stock, valued at approximately $280,000.

Other institutional investors have also made changes to their positions in the company. ORG Partners LLC increased its position in shares of AeroVironment by 296.0% in the second quarter. ORG Partners LLC now owns 99 shares of the aerospace company’s stock worth $27,000 after acquiring an additional 74 shares in the last quarter. RMG Wealth Management LLC purchased a new position in shares of AeroVironment in the second quarter worth approximately $28,000. Spirit of America Management Corp NY purchased a new position in shares of AeroVironment in the first quarter worth approximately $36,000. BI Asset Management Fondsmaeglerselskab A S purchased a new position in shares of AeroVironment in the first quarter worth approximately $40,000. Finally, Signaturefd LLC increased its position in shares of AeroVironment by 56.1% in the first quarter. Signaturefd LLC now owns 398 shares of the aerospace company’s stock worth $47,000 after acquiring an additional 143 shares in the last quarter. 86.38% of the stock is owned by hedge funds and other institutional investors.

AeroVironment Price Performance

NASDAQ AVAV opened at $398.29 on Friday. The company has a quick ratio of 5.12, a current ratio of 5.96 and a debt-to-equity ratio of 0.16. The stock has a market capitalization of $19.89 billion, a PE ratio of -622.32, a price-to-earnings-growth ratio of 6.91 and a beta of 0.99. The company has a 50 day moving average price of $274.70 and a two-hundred day moving average price of $217.91. AeroVironment, Inc. has a 12-month low of $102.25 and a 12-month high of $417.86.

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

Insiders Place Their Bets

In other news, insider Trace E. Stevenson sold 1,717 shares of the business’s stock in a transaction on Monday, October 6th. The shares were sold at an average price of $381.00, for a total value of $654,177.00. Following the completion of the sale, the insider directly owned 4,907 shares in the company, valued at approximately $1,869,567. The trade was a 25.92% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Wahid Nawabi sold 17,300 shares of the business’s stock in a transaction on Wednesday, July 16th. The stock was sold at an average price of $263.05, for a total transaction of $4,550,765.00. Following the completion of the sale, the chief executive officer owned 122,233 shares of the company’s stock, valued at $32,153,390.65. The trade was a 12.40% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.81% of the stock is currently owned by insiders.

Analysts Set New Price Targets

AVAV has been the topic of a number of research analyst reports. The Goldman Sachs Group boosted their price objective on shares of AeroVironment from $300.00 to $333.00 and gave the company a “buy” rating in a research report on Thursday, October 2nd. Citigroup reaffirmed an “outperform” rating on shares of AeroVironment in a research report on Friday, October 3rd. William Blair reaffirmed an “outperform” rating on shares of AeroVironment in a research report on Tuesday, September 16th. Zacks Research downgraded shares of AeroVironment from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, September 23rd. Finally, Canaccord Genuity Group boosted their price objective on shares of AeroVironment from $305.00 to $430.00 and gave the company a “buy” rating in a research report on Tuesday. Two research analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, AeroVironment has an average rating of “Buy” and an average target price of $356.07.

AeroVironment Company 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.