3,892 Shares in AeroVironment, Inc. (NASDAQ:AVAV) Bought by Angeles Wealth Management LLC

Angeles Wealth Management LLC bought a new stake in AeroVironment, Inc. (NASDAQ:AVAV - Free Report) during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 3,892 shares of the aerospace company's stock, valued at approximately $780,000.

Several other large investors also recently modified their holdings of the stock. Security National Bank purchased a new stake in AeroVironment in the 3rd quarter worth about $31,000. Canada Pension Plan Investment Board purchased a new position in shares of AeroVironment in the second quarter worth about $36,000. Arcadia Investment Management Corp MI increased its stake in shares of AeroVironment by 23.1% in the third quarter. Arcadia Investment Management Corp MI now owns 400 shares of the aerospace company's stock worth $80,000 after purchasing an additional 75 shares in the last quarter. NBC Securities Inc. raised its position in shares of AeroVironment by 47.4% in the third quarter. NBC Securities Inc. now owns 432 shares of the aerospace company's stock valued at $86,000 after purchasing an additional 139 shares during the period. Finally, DT Investment Partners LLC purchased a new stake in shares of AeroVironment during the 2nd quarter valued at approximately $95,000. Hedge funds and other institutional investors own 86.38% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on AVAV shares. Alembic Global Advisors raised shares of AeroVironment from a "neutral" rating to an "overweight" rating and set a $216.00 target price on the stock in a report on Wednesday, August 28th. Robert W. Baird upgraded AeroVironment from a "neutral" rating to an "outperform" rating and boosted their price objective for the company from $161.00 to $220.00 in a research note on Wednesday, August 28th. Royal Bank of Canada cut their target price on AeroVironment from $230.00 to $215.00 and set an "outperform" rating for the company in a research note on Thursday, September 5th. BTIG Research reaffirmed a "buy" rating and set a $245.00 target price on shares of AeroVironment in a report on Tuesday, September 17th. Finally, Baird R W raised shares of AeroVironment from a "hold" rating to a "strong-buy" rating in a report on Wednesday, August 28th. One investment analyst has rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, AeroVironment presently has a consensus rating of "Buy" and a consensus target price of $208.20.

Insider Activity at AeroVironment

In other AeroVironment news, CFO Kevin Patrick Mcdonnell sold 878 shares of AeroVironment stock in a transaction dated Tuesday, October 1st. The stock was sold at an average price of $210.54, for a total transaction of $184,854.12. Following the completion of the sale, the chief financial officer now owns 17,376 shares of the company's stock, valued at $3,658,343.04. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 1.27% of the stock is owned by insiders.

AeroVironment Price Performance

Shares of AVAV traded up $1.04 during trading hours on Friday, reaching $216.00. 168,731 shares of the company's stock traded hands, compared to its average volume of 216,677. AeroVironment, Inc. has a 12 month low of $116.51 and a 12 month high of $227.18. The company has a current ratio of 4.26, a quick ratio of 3.04 and a debt-to-equity ratio of 0.01. The stock has a market cap of $6.09 billion, a PE ratio of 101.41 and a beta of 0.49. The firm's 50 day simple moving average is $200.78 and its 200-day simple moving average is $188.76.

AeroVironment (NASDAQ:AVAV - Get Free Report) last announced its earnings results on Wednesday, September 4th. The aerospace company reported $0.89 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.61 by $0.28. The business had revenue of $189.48 million during the quarter, compared to analyst estimates of $183.18 million. AeroVironment had a net margin of 7.82% and a return on equity of 9.87%. AeroVironment's revenue for the quarter was up 24.4% on a year-over-year basis. During the same period in the previous year, the business posted $1.00 earnings per share. Equities analysts expect that AeroVironment, Inc. will post 3.36 EPS for the current year.

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.