2,750 Shares in AeroVironment, Inc. (NASDAQ:AVAV) Acquired by Axxcess Wealth Management LLC

Axxcess Wealth Management LLC acquired a new position in AeroVironment, Inc. (NASDAQ:AVAV) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 2,750 shares of the aerospace company’s stock, valued at approximately $347,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of AVAV. Bfsg LLC bought a new stake in AeroVironment during the 4th quarter valued at $25,000. GAMMA Investing LLC bought a new stake in AeroVironment during the 4th quarter valued at $32,000. Russell Investments Group Ltd. bought a new stake in AeroVironment during the 4th quarter valued at $39,000. RiverPark Advisors LLC boosted its position in AeroVironment by 77.2% during the 4th quarter. RiverPark Advisors LLC now owns 388 shares of the aerospace company’s stock valued at $49,000 after acquiring an additional 169 shares in the last quarter. Finally, Householder Group Estate & Retirement Specialist LLC bought a new stake in AeroVironment during the 4th quarter valued at $69,000. Institutional investors own 86.38% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have issued reports on AVAV shares. Royal Bank of Canada increased their target price on AeroVironment from $160.00 to $165.00 and gave the company an “outperform” rating in a research report on Friday, April 5th. William Blair reiterated an “outperform” rating on shares of AeroVironment in a report on Tuesday, March 5th. Finally, Robert W. Baird reiterated a “neutral” rating and set a $161.00 price objective on shares of AeroVironment in a report on Friday, March 8th. Three analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $140.20.

AeroVironment Stock Performance

Shares of AVAV stock opened at $181.46 on Thursday. The business has a fifty day moving average of $154.48 and a 200 day moving average of $135.24. The firm has a market capitalization of $5.11 billion, a price-to-earnings ratio of -42.10 and a beta of 0.44. The company has a debt-to-equity ratio of 0.04, a current ratio of 4.66 and a quick ratio of 3.16. AeroVironment, Inc. has a 1 year low of $88.24 and a 1 year high of $184.61.

AeroVironment (NASDAQ:AVAV) last posted its earnings results on Monday, March 4th. The aerospace company reported $0.63 EPS for the quarter, beating analysts’ consensus estimates of $0.33 by $0.30. AeroVironment had a positive return on equity of 13.93% and a negative net margin of 15.14%. The firm had revenue of $186.60 million for the quarter, compared to analysts’ expectations of $170.62 million. During the same period last year, the firm earned $0.33 EPS. The company’s quarterly revenue was up 38.8% on a year-over-year basis. As a group, research analysts expect that AeroVironment, Inc. will post 2.8 earnings per share for the current year.

Insider Activity

In related news, SVP Melissa Ann Brown sold 1,000 shares of AeroVironment stock in a transaction dated Thursday, March 7th. The stock was sold at an average price of $176.77, for a total value of $176,770.00. Following the sale, the senior vice president now directly owns 12,339 shares in the company, valued at approximately $2,181,165.03. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In other AeroVironment news, VP Trace E. Stevenson sold 1,913 shares of the firm’s stock in a transaction that occurred on Thursday, March 7th. The shares were sold at an average price of $183.00, for a total value of $350,079.00. Following the transaction, the vice president now directly owns 2,570 shares of the company’s stock, valued at approximately $470,310. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Melissa Ann Brown sold 1,000 shares of the firm’s stock in a transaction that occurred on Thursday, March 7th. The stock was sold at an average price of $176.77, for a total transaction of $176,770.00. Following the completion of the transaction, the senior vice president now directly owns 12,339 shares in the company, valued at $2,181,165.03. The disclosure for this sale can be found here. Insiders own 1.40% of the company’s stock.

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.