Assenagon Asset Management S.A. Has $1.93 Million Position in AeroVironment, Inc. (NASDAQ:AVAV)

Assenagon Asset Management S.A. lifted its position in shares of AeroVironment, Inc. (NASDAQ:AVAVFree Report) by 34.3% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 17,296 shares of the aerospace company’s stock after buying an additional 4,418 shares during the quarter. Assenagon Asset Management S.A.’s holdings in AeroVironment were worth $1,929,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in AVAV. Cambridge Investment Research Advisors Inc. raised its position in AeroVironment by 60.5% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 8,134 shares of the aerospace company’s stock worth $766,000 after acquiring an additional 3,066 shares during the period. PNC Financial Services Group Inc. raised its position in AeroVironment by 54.1% in the first quarter. PNC Financial Services Group Inc. now owns 3,679 shares of the aerospace company’s stock worth $348,000 after acquiring an additional 1,291 shares during the period. Natixis Advisors L.P. raised its position in AeroVironment by 20.3% in the first quarter. Natixis Advisors L.P. now owns 18,444 shares of the aerospace company’s stock worth $1,736,000 after acquiring an additional 3,117 shares during the period. Bank of Montreal Can raised its position in AeroVironment by 14.8% in the first quarter. Bank of Montreal Can now owns 6,918 shares of the aerospace company’s stock worth $656,000 after acquiring an additional 894 shares during the period. Finally, MetLife Investment Management LLC raised its position in AeroVironment by 41.4% in the first quarter. MetLife Investment Management LLC now owns 11,831 shares of the aerospace company’s stock worth $1,114,000 after acquiring an additional 3,466 shares during the period. Institutional investors own 86.58% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on AVAV. Raymond James lifted their target price on shares of AeroVironment from $125.00 to $145.00 and gave the stock an “outperform” rating in a research note on Thursday, December 7th. Robert W. Baird lifted their target price on shares of AeroVironment from $128.00 to $152.00 and gave the stock an “outperform” rating in a research note on Monday, November 27th. Two analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $127.00.

Check Out Our Latest Stock Analysis on AeroVironment

AeroVironment Price Performance

Shares of NASDAQ:AVAV opened at $121.71 on Friday. The company has a 50 day moving average of $126.24 and a 200 day moving average of $114.67. The stock has a market cap of $3.42 billion, a P/E ratio of -25.15 and a beta of 0.41. AeroVironment, Inc. has a 12 month low of $83.55 and a 12 month high of $143.99. The company has a current ratio of 4.79, a quick ratio of 3.13 and a debt-to-equity ratio of 0.09.

AeroVironment (NASDAQ:AVAVGet Free Report) last issued its quarterly earnings data on Tuesday, December 5th. The aerospace company reported $0.97 EPS for the quarter, beating the consensus estimate of $0.62 by $0.35. The company had revenue of $180.80 million during the quarter, compared to analysts’ expectations of $170.91 million. AeroVironment had a negative net margin of 18.58% and a positive return on equity of 13.53%. The business’s quarterly revenue was up 62.0% on a year-over-year basis. As a group, sell-side analysts forecast that AeroVironment, Inc. will post 2.76 EPS for the current fiscal year.

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

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Institutional Ownership by Quarter for AeroVironment (NASDAQ:AVAV)

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