Public Employees Retirement Association of Colorado maintained its position in shares of AeroVironment, Inc. (NASDAQ:AVAV) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 7,680 shares of the aerospace company’s stock at the end of the second quarter. Public Employees Retirement Association of Colorado’s holdings in AeroVironment were worth $293,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. PNC Financial Services Group Inc. boosted its position in shares of AeroVironment by 0.8% in the first quarter. PNC Financial Services Group Inc. now owns 4,860 shares of the aerospace company’s stock worth $136,000 after buying an additional 38 shares during the last quarter. Louisiana State Employees Retirement System boosted its position in shares of AeroVironment by 1.2% in the first quarter. Louisiana State Employees Retirement System now owns 8,400 shares of the aerospace company’s stock worth $235,000 after buying an additional 100 shares during the last quarter. Arizona State Retirement System boosted its position in shares of AeroVironment by 0.9% in the first quarter. Arizona State Retirement System now owns 10,698 shares of the aerospace company’s stock worth $300,000 after buying an additional 100 shares during the last quarter. Prudential Financial Inc. boosted its position in shares of AeroVironment by 0.4% in the first quarter. Prudential Financial Inc. now owns 35,350 shares of the aerospace company’s stock worth $991,000 after buying an additional 154 shares during the last quarter. Finally, Suntrust Banks Inc. boosted its position in shares of AeroVironment by 2.4% in the first quarter. Suntrust Banks Inc. now owns 8,884 shares of the aerospace company’s stock worth $248,000 after buying an additional 211 shares during the last quarter. Institutional investors own 77.55% of the company’s stock.

AeroVironment, Inc. (AVAV) opened at 46.52 on Thursday. The company has a market cap of $1.08 billion, a PE ratio of 86.15 and a beta of 1.31. The firm has a 50-day moving average price of $38.28 and a 200-day moving average price of $31.67. AeroVironment, Inc. has a 52-week low of $22.16 and a 52-week high of $47.03.

AeroVironment (NASDAQ:AVAV) last issued its quarterly earnings data on Tuesday, August 29th. The aerospace company reported ($0.19) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.34) by $0.15. AeroVironment had a return on equity of 3.49% and a net margin of 4.71%. The company had revenue of $43.80 million for the quarter, compared to analysts’ expectations of $42.44 million. During the same period in the previous year, the firm posted ($0.51) earnings per share. The firm’s revenue for the quarter was up 21.0% on a year-over-year basis. On average, analysts forecast that AeroVironment, Inc. will post $0.56 EPS for the current year.

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A number of research analysts recently commented on the company. Jefferies Group LLC raised their price target on AeroVironment to $37.00 and gave the stock a “hold” rating in a research report on Wednesday. Canaccord Genuity raised their price target on AeroVironment from $35.00 to $40.00 and gave the stock a “hold” rating in a research report on Wednesday. BidaskClub cut AeroVironment from a “buy” rating to a “hold” rating in a research report on Wednesday, August 16th. Zacks Investment Research upgraded AeroVironment from a “hold” rating to a “strong-buy” rating and set a $42.00 price target on the stock in a research report on Friday, June 30th. Finally, ValuEngine upgraded AeroVironment from a “sell” rating to a “hold” rating in a research report on Friday, June 2nd. Eight investment analysts have rated the stock with a hold rating and one has assigned a strong buy rating to the stock. AeroVironment presently has a consensus rating of “Hold” and an average price target of $37.80.

In other AeroVironment news, Chairman Timothy E. Conver sold 4,000 shares of the business’s stock in a transaction that occurred on Wednesday, June 21st. The stock was sold at an average price of $30.99, for a total transaction of $123,960.00. Following the sale, the chairman now directly owns 66,621 shares of the company’s stock, valued at $2,064,584.79. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Kenneth D. Karklin sold 735 shares of the business’s stock in a transaction that occurred on Friday, July 14th. The stock was sold at an average price of $39.57, for a total value of $29,083.95. Following the sale, the vice president now directly owns 9,437 shares in the company, valued at $373,422.09. The disclosure for this sale can be found here. Insiders have sold 79,497 shares of company stock worth $3,034,461 over the last three months. 11.00% of the stock is currently owned by insiders.

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.

Institutional Ownership by Quarter for AeroVironment (NASDAQ:AVAV)

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