AeroVironment, Inc. (NASDAQ:AVAV) Shares Acquired by Northwestern Mutual Wealth Management Co.

Northwestern Mutual Wealth Management Co. boosted its stake in shares of AeroVironment, Inc. (NASDAQ:AVAVGet Rating) by 187.5% in the second quarter, HoldingsChannel reports. The firm owned 575 shares of the aerospace company’s stock after purchasing an additional 375 shares during the quarter. Northwestern Mutual Wealth Management Co.’s holdings in AeroVironment were worth $47,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Advisor Group Holdings Inc. boosted its position in AeroVironment by 70.6% during the 1st quarter. Advisor Group Holdings Inc. now owns 9,072 shares of the aerospace company’s stock valued at $806,000 after purchasing an additional 3,753 shares during the period. Cambridge Investment Research Advisors Inc. raised its stake in AeroVironment by 18.5% during the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 9,642 shares of the aerospace company’s stock valued at $793,000 after acquiring an additional 1,508 shares in the last quarter. Oppenheimer & Co. Inc. bought a new stake in AeroVironment during the 1st quarter valued at $379,000. Lord Abbett & CO. LLC bought a new stake in AeroVironment during the 1st quarter valued at $44,279,000. Finally, Stephens Investment Management Group LLC raised its stake in AeroVironment by 111.0% during the 1st quarter. Stephens Investment Management Group LLC now owns 530,080 shares of the aerospace company’s stock valued at $49,902,000 after acquiring an additional 278,913 shares in the last quarter. Institutional investors and hedge funds own 88.40% of the company’s stock.

Insiders Place Their Bets

In other AeroVironment news, CAO Brian Charles Shackley sold 500 shares of the firm’s stock in a transaction that occurred on Monday, September 12th. The stock was sold at an average price of $100.39, for a total value of $50,195.00. Following the completion of the sale, the chief accounting officer now owns 3,382 shares in the company, valued at approximately $339,518.98. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, CAO Brian Charles Shackley sold 500 shares of the firm’s stock in a transaction that occurred on Monday, September 12th. The stock was sold at an average price of $100.39, for a total transaction of $50,195.00. Following the completion of the transaction, the chief accounting officer now owns 3,382 shares in the company, valued at approximately $339,518.98. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Charles Thomas Burbage sold 7,324 shares of the firm’s stock in a transaction that occurred on Thursday, September 15th. The stock was sold at an average price of $94.68, for a total value of $693,436.32. Following the transaction, the director now owns 47,602 shares of the company’s stock, valued at approximately $4,506,957.36. The disclosure for this sale can be found here. Corporate insiders own 1.80% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have weighed in on AVAV. Royal Bank of Canada lifted their target price on AeroVironment from $100.00 to $115.00 in a research note on Monday, August 22nd. Raymond James raised AeroVironment from a “market perform” rating to an “outperform” rating and set a $100.00 price objective on the stock in a research note on Thursday. Finally, StockNews.com assumed coverage on AeroVironment in a research note on Wednesday, October 12th. They issued a “hold” rating on the stock. Four research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat.com, AeroVironment has an average rating of “Moderate Buy” and a consensus target price of $90.38.

AeroVironment Price Performance

Shares of NASDAQ:AVAV opened at $92.93 on Monday. The business has a 50 day moving average price of $86.33 and a 200 day moving average price of $86.63. AeroVironment, Inc. has a twelve month low of $52.03 and a twelve month high of $114.11. The company has a market cap of $2.32 billion, a price-to-earnings ratio of 1,858.97 and a beta of 0.54. The company has a quick ratio of 2.70, a current ratio of 3.73 and a debt-to-equity ratio of 0.29.

AeroVironment (NASDAQ:AVAVGet Rating) last announced its earnings results on Wednesday, September 7th. The aerospace company reported ($0.10) earnings per share for the quarter, missing the consensus estimate of $0.09 by ($0.19). AeroVironment had a net margin of 0.31% and a return on equity of 5.39%. The business had revenue of $108.52 million for the quarter, compared to the consensus estimate of $103.41 million. During the same quarter in the previous year, the company earned ($0.17) EPS. AeroVironment’s revenue for the quarter was up 7.4% compared to the same quarter last year. Research analysts predict that AeroVironment, Inc. will post 1.63 earnings per share for the current year.

About AeroVironment

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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 four segments: Unmanned Aircraft Systems (UAS), Tactical Missile System (TMS), Medium Unmanned Aircraft Systems (MUAS), and High Altitude Pseudo-Satellite Systems (HAPS).

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Institutional Ownership by Quarter for AeroVironment (NASDAQ:AVAV)

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