US Bancorp DE boosted its stake in AeroVironment, Inc. (NASDAQ:AVAV) by 22.0% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 17,877 shares of the aerospace company’s stock after buying an additional 3,220 shares during the period. US Bancorp DE’s holdings in AeroVironment were worth $683,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Eqis Capital Management Inc. boosted its stake in AeroVironment by 4.1% in the second quarter. Eqis Capital Management Inc. now owns 7,831 shares of the aerospace company’s stock valued at $299,000 after buying an additional 311 shares in the last quarter. State of Alaska Department of Revenue boosted its stake in AeroVironment by 78.6% in the second quarter. State of Alaska Department of Revenue now owns 4,073 shares of the aerospace company’s stock valued at $155,000 after buying an additional 1,793 shares in the last quarter. Berson & Corrado Investment Advisors LLC boosted its stake in AeroVironment by 30.7% in the second quarter. Berson & Corrado Investment Advisors LLC now owns 10,717 shares of the aerospace company’s stock valued at $409,000 after buying an additional 2,520 shares in the last quarter. Credit Suisse AG boosted its stake in AeroVironment by 44.0% in the first quarter. Credit Suisse AG now owns 212,980 shares of the aerospace company’s stock valued at $5,971,000 after buying an additional 65,032 shares in the last quarter. Finally, Symmetry Peak Management LLC purchased a new stake in AeroVironment during the first quarter valued at about $350,000. 82.45% of the stock is currently owned by institutional investors.

AeroVironment, Inc. (AVAV) traded down 0.10% during midday trading on Monday, hitting $38.27. 61,991 shares of the company traded hands. The stock has a 50 day moving average price of $37.62 and a 200-day moving average price of $30.80. The company has a market cap of $890.43 million, a PE ratio of 70.87 and a beta of 1.31. AeroVironment, Inc. has a 12-month low of $22.16 and a 12-month high of $40.10.

AeroVironment (NASDAQ:AVAV) last posted its quarterly earnings data on Tuesday, June 27th. The aerospace company reported $1.30 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.99 by $0.31. The firm had revenue of $125.40 million for the quarter, compared to the consensus estimate of $122.90 million. AeroVironment had a return on equity of 3.49% and a net margin of 4.71%. The business’s revenue for the quarter was up 47.9% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.23 EPS. Analysts expect that AeroVironment, Inc. will post $0.54 EPS for the current year.

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Several research firms have issued reports on AVAV. Canaccord Genuity reaffirmed a “hold” rating and set a $35.00 price target on shares of AeroVironment in a research note on Thursday. BidaskClub cut shares of AeroVironment from a “strong-buy” rating to a “buy” rating in a research note on Friday, July 28th. Piper Jaffray Companies cut shares of AeroVironment from an “overweight” rating to a “neutral” rating and raised their price target for the stock from $30.00 to $35.00 in a research note on Monday, July 3rd. TheStreet raised shares of AeroVironment from a “c-” rating to a “b” rating in a research note on Tuesday, June 27th. Finally, Zacks Investment Research raised shares of AeroVironment from a “hold” rating to a “strong-buy” rating and set a $42.00 price target on the stock in a research note on Friday, June 30th. Seven analysts have rated the stock with a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the stock. AeroVironment currently has an average rating of “Hold” and an average price target of $33.00.

In other news, Chairman Timothy E. Conver sold 20,000 shares of the company’s stock in a transaction dated Friday, May 19th. The stock was sold at an average price of $30.33, for a total value of $606,600.00. Following the transaction, the chairman now owns 66,621 shares in the company, valued at approximately $2,020,614.93. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Chairman Timothy E. Conver sold 32,800 shares of the company’s stock in a transaction dated Friday, July 7th. The shares were sold at an average price of $39.17, for a total value of $1,284,776.00. Following the completion of the transaction, the chairman now owns 69,500 shares in the company, valued at approximately $2,722,315. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 91,897 shares of company stock worth $3,344,357. Corporate insiders own 12.50% of the company’s stock.

AeroVironment Company Profile

AeroVironment, Inc designs, develops, produces, supports and operates a portfolio of products and services for government agencies, businesses and consumers. The Company operates through two segments: Unmanned Aircraft Systems (UAS), which focuses primarily on the design, development, production, support and operation of UAS and tactical missile systems that provide situational awareness, multi-band communications, force protection and other mission effects, and Efficient Energy Systems (EES), which focuses primarily on the design, development, production, marketing, support and operation of electric energy systems.

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Institutional Ownership by Quarter for AeroVironment (NASDAQ:AVAV)

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