Stiles Financial Services Inc Takes $209,000 Position in AeroVironment, Inc. $AVAV

Stiles Financial Services Inc bought a new stake in shares of AeroVironment, Inc. (NASDAQ:AVAV) during the 2nd quarter, Holdings Channel.com reports. The institutional investor bought 735 shares of the aerospace company’s stock, valued at approximately $209,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Wealth Enhancement Advisory Services LLC bought a new stake in shares of AeroVironment during the 4th quarter worth approximately $251,000. NBC Securities Inc. purchased a new position in shares of AeroVironment during the first quarter worth approximately $51,000. Farther Finance Advisors LLC increased its position in shares of AeroVironment by 9.5% during the first quarter. Farther Finance Advisors LLC now owns 1,374 shares of the aerospace company’s stock worth $167,000 after acquiring an additional 119 shares during the period. Harbor Capital Advisors Inc. purchased a new position in shares of AeroVironment during the first quarter worth approximately $968,000. Finally, GAMMA Investing LLC increased its position in shares of AeroVironment by 49.8% during the first quarter. GAMMA Investing LLC now owns 677 shares of the aerospace company’s stock worth $81,000 after acquiring an additional 225 shares during the period. 86.38% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other AeroVironment news, CEO Wahid Nawabi sold 17,300 shares of AeroVironment stock in a transaction on Wednesday, July 16th. The shares were sold at an average price of $263.05, for a total value of $4,550,765.00. Following the completion of the transaction, the chief executive officer owned 122,233 shares of the company’s stock, valued at approximately $32,153,390.65. The trade was a 12.40% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Trace E. Stevenson sold 1,717 shares of AeroVironment stock in a transaction on Monday, October 6th. The shares were sold at an average price of $381.00, for a total transaction of $654,177.00. Following the completion of the transaction, the insider directly owned 4,907 shares of the company’s stock, valued at $1,869,567. The trade was a 25.92% decrease in their position. The disclosure for this sale can be found here. 0.81% of the stock is currently owned by insiders.

AeroVironment Trading Down 1.5%

Shares of AeroVironment stock opened at $392.29 on Friday. The company has a debt-to-equity ratio of 0.16, a current ratio of 5.96 and a quick ratio of 5.12. The firm has a fifty day moving average price of $277.35 and a 200 day moving average price of $219.72. AeroVironment, Inc. has a 1 year low of $102.25 and a 1 year high of $417.86. The stock has a market cap of $19.59 billion, a PE ratio of -612.94, a price-to-earnings-growth ratio of 6.76 and a beta of 0.99.

AeroVironment (NASDAQ:AVAV) last issued its earnings results on Monday, August 28th. The aerospace company reported $0.12 earnings per share (EPS) for the quarter. AeroVironment had a negative net margin of 4.14% and a positive return on equity of 4.67%. The firm had revenue of $132.62 million during the quarter. Equities research analysts predict that AeroVironment, Inc. will post 3.38 earnings per share for the current year.

Wall Street Analyst Weigh In

AVAV has been the topic of a number of recent research reports. Bank of America started coverage on shares of AeroVironment in a research note on Thursday, September 18th. They set a “buy” rating and a $300.00 price objective on the stock. The Goldman Sachs Group raised their target price on shares of AeroVironment from $300.00 to $333.00 and gave the company a “buy” rating in a research note on Thursday, October 2nd. New Street Research set a $365.00 price objective on shares of AeroVironment in a research note on Wednesday, October 1st. Cantor Fitzgerald initiated coverage on shares of AeroVironment in a research note on Tuesday, July 8th. They set an “overweight” rating and a $335.00 price objective for the company. Finally, Royal Bank Of Canada lifted their price objective on shares of AeroVironment from $300.00 to $330.00 and gave the stock an “outperform” rating in a research note on Thursday, September 25th. Two analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, AeroVironment has a consensus rating of “Buy” and an average target price of $356.07.

AeroVironment Profile

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.