AeroVironment, Inc. (NASDAQ:AVAV) Shares Bought by Duality Advisers LP

Duality Advisers LP boosted its stake in shares of AeroVironment, Inc. (NASDAQ:AVAV) by 14.7% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 4,188 shares of the aerospace company’s stock after purchasing an additional 536 shares during the quarter. Duality Advisers LP’s holdings in AeroVironment were worth $528,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. IFP Advisors Inc boosted its position in AeroVironment by 19.5% during the 3rd quarter. IFP Advisors Inc now owns 581 shares of the aerospace company’s stock valued at $65,000 after purchasing an additional 95 shares during the period. RiverPark Advisors LLC boosted its position in AeroVironment by 77.2% during the 4th quarter. RiverPark Advisors LLC now owns 388 shares of the aerospace company’s stock valued at $49,000 after purchasing an additional 169 shares during the period. Amalgamated Bank boosted its position in AeroVironment by 1.7% during the 3rd quarter. Amalgamated Bank now owns 11,666 shares of the aerospace company’s stock valued at $1,301,000 after purchasing an additional 190 shares during the period. Daiwa Securities Group Inc. boosted its position in AeroVironment by 1.3% during the 4th quarter. Daiwa Securities Group Inc. now owns 19,001 shares of the aerospace company’s stock valued at $2,395,000 after purchasing an additional 244 shares during the period. Finally, Strs Ohio boosted its position in AeroVironment by 25.0% during the 4th quarter. Strs Ohio now owns 1,500 shares of the aerospace company’s stock valued at $189,000 after purchasing an additional 300 shares during the period. Institutional investors and hedge funds own 86.38% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on AVAV shares. William Blair restated an “outperform” rating on shares of AeroVironment in a research report on Tuesday, March 5th. Royal Bank of Canada lifted their target price on AeroVironment from $160.00 to $165.00 and gave the company an “outperform” rating in a research note on Friday, April 5th. Finally, Robert W. Baird reaffirmed a “neutral” rating and set a $161.00 target price on shares of AeroVironment in a research note on Friday, March 8th. Three investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $140.20.

AeroVironment Stock Down 1.5 %

Shares of AeroVironment stock opened at $155.64 on Friday. The business’s fifty day moving average price is $146.60 and its two-hundred day moving average price is $131.59. The company has a debt-to-equity ratio of 0.04, a current ratio of 4.66 and a quick ratio of 3.16. The company has a market capitalization of $4.38 billion, a P/E ratio of -36.11 and a beta of 0.44. AeroVironment, Inc. has a 1-year low of $88.24 and a 1-year high of $184.61.

AeroVironment (NASDAQ:AVAV) last posted its quarterly earnings data on Monday, March 4th. The aerospace company reported $0.63 EPS for the quarter, topping analysts’ consensus estimates of $0.33 by $0.30. AeroVironment had a positive return on equity of 13.93% and a negative net margin of 15.14%. The company had revenue of $186.60 million for the quarter, compared to the consensus estimate of $170.62 million. During the same quarter in the previous year, the business earned $0.33 EPS. The company’s quarterly revenue was up 38.8% compared to the same quarter last year. As a group, research analysts forecast that AeroVironment, Inc. will post 2.8 EPS for the current year.

Insider Transactions at AeroVironment

In other news, VP Trace E. Stevenson sold 1,913 shares of the business’s stock in a transaction on Thursday, March 7th. The stock was sold at an average price of $183.00, for a total value of $350,079.00. Following the sale, the vice president now owns 2,570 shares of the company’s stock, valued at approximately $470,310. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, SVP Melissa Ann Brown sold 1,000 shares of the business’s stock in a transaction on Thursday, March 7th. The stock was sold at an average price of $176.77, for a total transaction of $176,770.00. Following the sale, the senior vice president now directly owns 12,339 shares of the company’s stock, valued at $2,181,165.03. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Trace E. Stevenson sold 1,913 shares of the business’s stock in a transaction on Thursday, March 7th. The stock was sold at an average price of $183.00, for a total value of $350,079.00. Following the sale, the vice president now directly owns 2,570 shares in the company, valued at $470,310. The disclosure for this sale can be found here. Company insiders own 1.40% of the company’s stock.

About AeroVironment

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.