Symmetry Peak Management LLC increased its position in shares of AeroVironment, Inc. (NASDAQ:AVAV) by 40.0% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 17,500 shares of the aerospace company’s stock after acquiring an additional 5,000 shares during the period. Symmetry Peak Management LLC owned about 0.08% of AeroVironment worth $669,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. State Street Corp boosted its position in shares of AeroVironment by 7.6% during the 2nd quarter. State Street Corp now owns 669,665 shares of the aerospace company’s stock worth $25,580,000 after acquiring an additional 47,582 shares in the last quarter. ETF Managers Group LLC acquired a new stake in shares of AeroVironment during the 2nd quarter worth approximately $2,295,000. Janus Henderson Group PLC acquired a new stake in shares of AeroVironment during the 2nd quarter worth approximately $39,724,000. Voya Investment Management LLC boosted its position in shares of AeroVironment by 11.4% during the 2nd quarter. Voya Investment Management LLC now owns 10,875 shares of the aerospace company’s stock worth $415,000 after acquiring an additional 1,115 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its position in shares of AeroVironment by 3.1% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,490,349 shares of the aerospace company’s stock worth $56,930,000 after acquiring an additional 44,670 shares in the last quarter. Institutional investors and hedge funds own 77.55% of the company’s stock.

In other AeroVironment news, VP Kenneth D. Karklin sold 735 shares of the business’s stock in a transaction that occurred on Friday, July 14th. The shares were sold at an average price of $39.57, for a total value of $29,083.95. Following the completion of the transaction, the vice president now owns 9,437 shares of the company’s stock, valued at approximately $373,422.09. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Chairman Timothy E. Conver sold 7,600 shares of the business’s stock in a transaction that occurred on Wednesday, September 20th. The stock was sold at an average price of $51.47, for a total transaction of $391,172.00. Following the completion of the transaction, the chairman now directly owns 58,138 shares of the company’s stock, valued at approximately $2,992,362.86. The disclosure for this sale can be found here. In the last three months, insiders sold 53,897 shares of company stock valued at $2,263,401. Corporate insiders own 11.00% of the company’s stock.

Several analysts recently issued reports on the stock. Canaccord Genuity increased their price target on shares of AeroVironment from $40.00 to $48.00 and gave the stock a “hold” rating in a research report on Wednesday. Piper Jaffray Companies reiterated a “neutral” rating and set a $36.00 price target on shares of AeroVironment in a research report on Thursday, August 31st. Jefferies Group LLC increased their price target on shares of AeroVironment from $29.00 to $37.00 and gave the stock a “hold” rating in a research report on Wednesday, August 30th. Robert W. Baird reiterated a “hold” rating and set a $35.00 price target on shares of AeroVironment in a research report on Monday, August 28th. Finally, TheStreet upgraded shares of AeroVironment from a “c-” rating to a “b” rating in a research report on Tuesday, June 27th. Six analysts have rated the stock with a hold rating, AeroVironment has a consensus rating of “Hold” and an average target price of $39.00.

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Shares of AeroVironment, Inc. (NASDAQ:AVAV) traded down 0.58% during trading on Friday, reaching $53.33. 52,678 shares of the company traded hands. AeroVironment, Inc. has a 12-month low of $22.16 and a 12-month high of $55.75. The stock has a market capitalization of $1.24 billion, a PE ratio of 62.82 and a beta of 1.29. The firm’s 50-day moving average is $47.81 and its 200-day moving average is $36.30.

AeroVironment (NASDAQ:AVAV) last released its quarterly earnings results on Tuesday, August 29th. The aerospace company reported ($0.19) EPS for the quarter, topping the Zacks’ consensus estimate of ($0.34) by $0.15. AeroVironment had a net margin of 7.22% and a return on equity of 5.40%. The business had revenue of $43.80 million during the quarter, compared to analysts’ expectations of $42.44 million. During the same quarter in the previous year, the company earned ($0.51) EPS. The business’s quarterly revenue was up 21.0% compared to the same quarter last year. On average, equities analysts predict that AeroVironment, Inc. will post $0.61 earnings per share for the current fiscal year.

About AeroVironment

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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