Nikulski Financial Inc. purchased a new position in shares of AeroVironment, Inc. (NASDAQ:AVAV – Free Report) during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 3,514 shares of the aerospace company’s stock, valued at approximately $1,107,000.
A number of other institutional investors have also made changes to their positions in AVAV. N.E.W. Advisory Services LLC grew its stake in shares of AeroVironment by 60.0% in the third quarter. N.E.W. Advisory Services LLC now owns 80 shares of the aerospace company’s stock worth $25,000 after acquiring an additional 30 shares during the last quarter. TD Waterhouse Canada Inc. raised its position in AeroVironment by 100.0% in the third quarter. TD Waterhouse Canada Inc. now owns 80 shares of the aerospace company’s stock worth $28,000 after purchasing an additional 40 shares in the last quarter. Bessemer Group Inc. raised 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 worth $33,000 after buying an additional 44 shares in the last quarter. Amalgamated Bank raised its stake in AeroVironment by 0.6% during the second quarter. Amalgamated Bank now owns 8,023 shares of the aerospace company’s stock worth $2,286,000 after acquiring an additional 44 shares in the last quarter. Finally, Ballentine Partners LLC increased its position in shares of AeroVironment by 3.9% during the 3rd quarter. Ballentine Partners LLC now owns 1,247 shares of the aerospace company’s stock worth $393,000 after purchasing an additional 47 shares in the last quarter. 86.38% of the stock is owned by institutional investors.
AeroVironment Stock Performance
Shares of AeroVironment stock opened at $257.20 on Friday. The stock’s fifty day simple moving average is $286.98 and its 200 day simple moving average is $294.43. The company has a current ratio of 5.08, a quick ratio of 4.29 and a debt-to-equity ratio of 0.16. The company has a market capitalization of $12.84 billion, a PE ratio of -205.76, a PEG ratio of 3.80 and a beta of 1.23. AeroVironment, Inc. has a 12 month low of $102.25 and a 12 month high of $417.86.
Wall Street Analysts Forecast Growth
AVAV has been the subject of a number of recent analyst reports. Canaccord Genuity Group set a $400.00 price target on AeroVironment in a report on Wednesday, December 10th. Zacks Research raised shares of AeroVironment from a “strong sell” rating to a “hold” rating in a research note on Tuesday, December 2nd. Royal Bank Of Canada reissued an “outperform” rating on shares of AeroVironment in a research note on Tuesday, January 20th. Raymond James Financial restated a “strong-buy” rating on shares of AeroVironment in a research report on Tuesday, December 16th. Finally, Weiss Ratings raised AeroVironment from a “sell (d)” rating to a “hold (c-)” rating in a research note on Monday, January 26th. Two research analysts have rated the stock with a Strong Buy rating, eighteen have given a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of “Buy” and a consensus price target of $378.06.
Read Our Latest Stock Analysis on AeroVironment
Insider Buying and Selling at AeroVironment
In other news, CFO Kevin Patrick Mcdonnell sold 999 shares of the company’s stock in a transaction that occurred on Monday, January 12th. The shares were sold at an average price of $367.60, for a total value of $367,232.40. Following the completion of the transaction, the chief financial officer owned 17,301 shares in the company, valued at $6,359,847.60. This represents a 5.46% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Stephen F. Page sold 1,000 shares of the stock in a transaction on Thursday, January 15th. The stock was sold at an average price of $377.62, for a total transaction of $377,620.00. Following the sale, the director directly owned 51,001 shares of the company’s stock, valued at $19,258,997.62. This represents a 1.92% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 3,223 shares of company stock valued at $1,092,503. 0.81% of the stock is currently owned by corporate insiders.
AeroVironment Company Profile
AeroVironment, Inc (NASDAQ:AVAV) is a technology company specializing in unmanned aerial systems (UAS), tactical missiles and precision loitering munitions, electric vehicle charging and scalable energy systems. Headquartered in Monrovia, California, the company develops solutions for defense, public safety and commercial markets. Their offerings include small UAS for intelligence, surveillance and reconnaissance, as well as advanced weapons systems designed to meet the needs of modern military operations.
The company’s unmanned aerial systems portfolio features platforms such as the Raven, Puma and Switchblade series, which are deployed by the U.S.
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