SteelPeak Wealth LLC Purchases 2,460 Shares of AeroVironment, Inc. (NASDAQ:AVAV)

SteelPeak Wealth LLC raised its holdings in shares of AeroVironment, Inc. (NASDAQ:AVAV - Free Report) by 19.1% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 15,307 shares of the aerospace company's stock after acquiring an additional 2,460 shares during the period. SteelPeak Wealth LLC owned approximately 0.05% of AeroVironment worth $2,356,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in AVAV. Security National Bank acquired a new stake in AeroVironment in the third quarter worth $31,000. Modus Advisors LLC acquired a new stake in AeroVironment during the 4th quarter worth $31,000. Truvestments Capital LLC bought a new position in AeroVironment during the third quarter worth about $62,000. Blue Trust Inc. grew its stake in AeroVironment by 3,080.0% in the fourth quarter. Blue Trust Inc. now owns 318 shares of the aerospace company's stock valued at $49,000 after acquiring an additional 308 shares during the period. Finally, Avior Wealth Management LLC increased its holdings in shares of AeroVironment by 51.0% in the third quarter. Avior Wealth Management LLC now owns 394 shares of the aerospace company's stock worth $79,000 after acquiring an additional 133 shares in the last quarter. Institutional investors and hedge funds own 86.38% of the company's stock.

Insiders Place Their Bets

In other news, CFO Kevin Patrick Mcdonnell sold 396 shares of the firm's stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $198.73, for a total value of $78,697.08. Following the completion of the sale, the chief financial officer now directly owns 16,472 shares of the company's stock, valued at $3,273,480.56. This trade represents a 2.35 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Insiders own 1.27% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on AVAV shares. Jefferies Financial Group upgraded AeroVironment from a "hold" rating to a "buy" rating and cut their price objective for the company from $240.00 to $230.00 in a report on Wednesday, November 20th. William Blair reaffirmed an "outperform" rating on shares of AeroVironment in a research note on Thursday, December 5th. One analyst has rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of "Buy" and an average target price of $225.20.

AeroVironment Stock Up 0.4 %

NASDAQ:AVAV traded up $0.70 on Thursday, hitting $171.98. 228,600 shares of the company's stock were exchanged, compared to its average volume of 332,100. The company has a market cap of $4.85 billion, a P/E ratio of 98.84 and a beta of 0.50. The firm has a 50-day moving average price of $170.18 and a 200-day moving average price of $185.92. The company has a debt-to-equity ratio of 0.02, a current ratio of 4.61 and a quick ratio of 3.36. AeroVironment, Inc. has a 52 week low of $119.46 and a 52 week high of $236.60.

AeroVironment (NASDAQ:AVAV - Get Free Report) last issued its quarterly earnings results on Wednesday, December 4th. The aerospace company reported $0.47 EPS for the quarter, missing the consensus estimate of $0.76 by ($0.29). The company had revenue of $188.46 million for the quarter, compared to analyst estimates of $181.80 million. AeroVironment had a net margin of 6.39% and a return on equity of 8.12%. The business's revenue for the quarter was up 4.2% on a year-over-year basis. During the same period last year, the company posted $0.97 earnings per share. As a group, analysts expect that AeroVironment, Inc. will post 3.38 EPS for the current fiscal year.

AeroVironment Company 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.