OneDigital Investment Advisors LLC increased its position in shares of AeroVironment, Inc. (NASDAQ:AVAV - Free Report) by 285.3% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 14,770 shares of the aerospace company's stock after buying an additional 10,937 shares during the quarter. OneDigital Investment Advisors LLC owned about 0.05% of AeroVironment worth $2,961,000 at the end of the most recent quarter.
A number of other institutional investors have also added to or reduced their stakes in AVAV. Security National Bank bought a new position in shares of AeroVironment in the third quarter valued at $31,000. Canada Pension Plan Investment Board acquired a new stake in shares of AeroVironment in the 2nd quarter worth about $36,000. Arcadia Investment Management Corp MI boosted its stake in AeroVironment by 23.1% during the 3rd quarter. Arcadia Investment Management Corp MI now owns 400 shares of the aerospace company's stock valued at $80,000 after purchasing an additional 75 shares during the last quarter. NBC Securities Inc. grew its holdings in AeroVironment by 47.4% during the third quarter. NBC Securities Inc. now owns 432 shares of the aerospace company's stock worth $86,000 after buying an additional 139 shares in the last quarter. Finally, DT Investment Partners LLC bought a new stake in shares of AeroVironment in the 2nd quarter worth $95,000. 86.38% of the stock is owned by institutional investors and hedge funds.
Insider Buying and Selling
In related news, CFO Kevin Patrick Mcdonnell sold 508 shares of the business's stock in a transaction dated Friday, November 1st. The stock was sold at an average price of $216.65, for a total transaction of $110,058.20. Following the completion of the transaction, the chief financial officer now directly owns 16,868 shares in the company, valued at $3,654,452.20. The trade was a 2.92 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In the last 90 days, insiders have sold 1,782 shares of company stock valued at $372,615. Company insiders own 1.27% of the company's stock.
AeroVironment Stock Performance
AVAV traded down $4.19 on Friday, hitting $200.06. The company's stock had a trading volume of 344,740 shares, compared to its average volume of 265,925. The company's 50 day simple moving average is $206.15 and its 200-day simple moving average is $193.42. The company has a quick ratio of 3.04, a current ratio of 4.26 and a debt-to-equity ratio of 0.01. AeroVironment, Inc. has a 12 month low of $116.51 and a 12 month high of $236.60. The firm has a market cap of $5.64 billion, a P/E ratio of 93.92 and a beta of 0.49.
AeroVironment (NASDAQ:AVAV - Get Free Report) last issued its earnings results on Wednesday, September 4th. The aerospace company reported $0.89 EPS for the quarter, topping the consensus estimate of $0.61 by $0.28. The business 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 firm's revenue was up 24.4% compared to the same quarter last year. During the same quarter last year, the company earned $1.00 EPS. Analysts forecast that AeroVironment, Inc. will post 3.36 EPS for the current year.
Analyst Ratings Changes
Several equities research analysts have recently issued reports on the company. Alembic Global Advisors raised AeroVironment from a "neutral" rating to an "overweight" rating and set a $216.00 target price for the company in a research report on Wednesday, August 28th. Royal Bank of Canada lowered their price objective on shares of AeroVironment from $230.00 to $215.00 and set an "outperform" rating on the stock in a research report on Thursday, September 5th. Jefferies Financial Group downgraded shares of AeroVironment from a "buy" rating to a "hold" rating and set a $240.00 target price for the company. in a research report on Tuesday, November 12th. Robert W. Baird upgraded shares of AeroVironment from a "neutral" rating to an "outperform" rating and raised their price target for the stock from $161.00 to $220.00 in a research note on Wednesday, August 28th. Finally, Baird R W upgraded AeroVironment from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, August 28th. Two analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $213.50.
Get Our Latest Report on AeroVironment
AeroVironment Company 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.
Further Reading
Before you consider AeroVironment, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and AeroVironment wasn't on the list.
While AeroVironment currently has a "Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
As the AI market heats up, investors who have a vision for artificial intelligence have the potential to see real returns. Learn about the industry as a whole as well as seven companies that are getting work done with the power of AI.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
