Savvy Advisors Inc. Makes New Investment in AeroVironment, Inc. $AVAV

Savvy Advisors Inc. purchased a new position in shares of AeroVironment, Inc. (NASDAQ:AVAV) in the second quarter, Holdings Channel.com reports. The firm purchased 1,503 shares of the aerospace company’s stock, valued at approximately $428,000.

Other institutional investors also recently bought and sold shares of the company. ORG Partners LLC lifted its holdings in AeroVironment by 296.0% during the 2nd quarter. ORG Partners LLC now owns 99 shares of the aerospace company’s stock worth $27,000 after buying an additional 74 shares during the last quarter. RMG Wealth Management LLC purchased a new stake in shares of AeroVironment in the 2nd quarter valued at about $28,000. Bessemer Group Inc. lifted its holdings in shares of AeroVironment by 60.3% in the 2nd quarter. Bessemer Group Inc. now owns 117 shares of the aerospace company’s stock valued at $33,000 after purchasing an additional 44 shares during the last quarter. BI Asset Management Fondsmaeglerselskab A S purchased a new stake in shares of AeroVironment in the 1st quarter valued at about $40,000. Finally, Cullen Frost Bankers Inc. purchased a new stake in shares of AeroVironment in the 2nd quarter valued at about $46,000. 86.38% of the stock is owned by hedge funds and other institutional investors.

AeroVironment Stock Up 1.1%

AVAV opened at $369.91 on Friday. The business has a 50 day moving average price of $315.31 and a two-hundred day moving average price of $247.05. 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 company has a market cap of $18.47 billion, a PE ratio of -577.98, a P/E/G ratio of 5.37 and a beta of 0.99. AeroVironment, Inc. has a 52 week low of $102.25 and a 52 week high of $417.86.

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

Insider Activity at AeroVironment

In other AeroVironment news, CFO Kevin Patrick Mcdonnell sold 998 shares of the business’s 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 transaction, the chief financial officer owned 19,324 shares in the company, valued at approximately $7,724,575.76. The trade was a 4.91% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Trace E. Stevenson sold 1,717 shares of the business’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. The trade was a 25.92% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 0.81% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on AVAV. Citizens Jmp began coverage on AeroVironment in a report on Monday, August 4th. They issued a “strong-buy” rating and a $325.00 target price for the company. Weiss Ratings downgraded AeroVironment from a “hold (c-)” rating to a “sell (d+)” rating in a report on Friday, October 24th. Jefferies Financial Group boosted their target price on AeroVironment from $320.00 to $365.00 and gave the company a “buy” rating in a report on Wednesday, October 1st. Robert W. Baird boosted their target price on AeroVironment from $267.00 to $350.00 and gave the company an “outperform” rating in a report on Wednesday, October 1st. Finally, William Blair reissued an “outperform” rating on shares of AeroVironment in a report on Tuesday, September 16th. Two research analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $356.07.

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.