2 weeks Ago By Defense World Staff
Oppenheimer & Co. Inc. raised its position in shares of AeroVironment, Inc.
( NASDAQ:AVAV – Free Report ) by 81.8% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 9,612 shares of the aerospace company’s stock after purchasing an additional 4,326 shares during the quarter.
Oppenheimer & Co. Inc.’s holdings in AeroVironment were worth $1,751,000 as of its most recent SEC filing.
A number of other large investors have also made changes to their positions in the company. Commonwealth Equity Services LLC grew its stake in shares of AeroVironment by 1.5% during the 2nd quarter.
Commonwealth Equity Services LLC now owns 4,609 shares of the aerospace company’s stock valued at $840,000 after purchasing an additional 66 shares during the period. Corient Private Wealth LLC lifted its position in shares of AeroVironment by 1.7% during the 4th quarter.
Corient Private Wealth LLC now owns 4,882 shares of the aerospace company’s stock valued at $615,000 after buying an additional 80 shares in the last quarter. Avantax Advisory Services Inc. lifted its position in shares of AeroVironment by 2.
6% during the 4th quarter. Avantax Advisory Services Inc. now owns 3,813 shares of the aerospace company’s stock valued at $481,000 after buying an additional 95 shares in the last quarter.
New York State Teachers Retirement System lifted its position in shares of AeroVironment by 0.6% during the 1st quarter. New York State Teachers Retirement System now owns 17,667 shares of the aerospace company’s stock valued at $2,708,000 after buying an additional 100 shares in the last quarter.
Finally, North Star Investment Management Corp. lifted its position in shares of AeroVironment by 8.8% during the 1st quarter.
North Star Investment Management Corp. now owns 1,268 shares of the aerospace company’s stock valued at $194,000 after buying an additional 103 shares in the last quarter. 86.
38% of the stock is currently owned by institutional investors. Wall Street Analysts Forecast Growth AVAV has been the topic of a number of analyst reports. Raymond James cut AeroVironment from an “outperform” rating to a “market perform” rating in a research report on Monday.
Baird R W raised AeroVironment from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, August 28th. Robert W. Baird raised AeroVironment from a “neutral” rating to an “outperform” rating and lifted their price objective for the company from $161.
00 to $220.00 in a research report on Wednesday, August 28th. BTIG Research reissued a “buy” rating and issued a $245.
00 price target on shares of AeroVironment in a report on Tuesday. Finally, Royal Bank of Canada lowered their price target on AeroVironment from $230.00 to $215.
00 and set an “outperform” rating on the stock in a report on Thursday, September 5th. Two investment analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, AeroVironment currently has an average rating of “Moderate Buy” and a consensus price target of $208.
20. Insider Activity In other news, CFO Kevin Patrick Mcdonnell sold 396 shares of the stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $196.
22, for a total transaction of $77,703.12. Following the completion of the transaction, the chief financial officer now directly owns 18,254 shares in the company, valued at approximately $3,581,799.
88. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink . In related news, CEO Wahid Nawabi sold 9,867 shares of the firm’s stock in a transaction on Friday, July 5th.
The stock was sold at an average price of $169.23, for a total value of $1,669,792.41.
Following the completion of the sale, the chief executive officer now directly owns 99,892 shares in the company, valued at $16,904,723.16. The sale was disclosed in a filing with the SEC, which can be accessed through this link .
Also, CFO Kevin Patrick Mcdonnell sold 396 shares of the firm’s stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $196.22, for a total value of $77,703.
12. Following the completion of the sale, the chief financial officer now owns 18,254 shares of the company’s stock, valued at $3,581,799.88.
The disclosure for this sale can be found here . In the last ninety days, insiders sold 11,287 shares of company stock worth $1,928,305. 1.
40% of the stock is currently owned by insiders. AeroVironment Stock Up 0.8 % NASDAQ AVAV opened at $174.
96 on Wednesday. The company has a debt-to-equity ratio of 0.01, a quick ratio of 3.
04 and a current ratio of 4.26. The company has a market capitalization of $4.
92 billion, a P/E ratio of 78.81 and a beta of 0.50.
AeroVironment, Inc. has a one year low of $104.67 and a one year high of $224.
00. The stock has a 50 day moving average price of $179.37 and a 200-day moving average price of $175.
89. AeroVironment ( NASDAQ:AVAV – Get Free Report ) last posted its earnings results on Wednesday, September 4th. The aerospace company reported $0.
89 EPS for the quarter, beating analysts’ consensus estimates of $0.61 by $0.28.
The firm had revenue of $189.48 million during the quarter, compared to the consensus estimate of $183.18 million.
AeroVironment had a return on equity of 9.87% and a net margin of 7.82%.
The company’s quarterly revenue was up 24.4% compared to the same quarter last year. During the same period in the prior year, the company earned $1.
00 EPS. As a group, equities analysts predict that AeroVironment, Inc. will post 3.
4 EPS for the current fiscal year. AeroVironment Profile ( Free Report ) 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.
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