Consolidated Portfolio Review Corp Makes New Investment in AeroVironment, Inc. (NASDAQ:AVAV)

Consolidated Portfolio Review Corp purchased a new stake in AeroVironment, Inc. (NASDAQ:AVAV) during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 8,081 shares of the aerospace company’s stock, valued at approximately $1,620,000.

Several other large investors have also modified their holdings of the business. Security National Bank purchased a new stake in AeroVironment in the 3rd quarter valued at approximately $31,000. Canada Pension Plan Investment Board purchased a new stake in shares of AeroVironment in the second quarter valued at $36,000. Harel Insurance Investments & Financial Services Ltd. acquired a new stake in shares of AeroVironment during the first quarter valued at $38,000. Register Financial Advisors LLC purchased a new stake in AeroVironment during the 1st quarter worth about $61,000. Finally, NBC Securities Inc. increased its position in AeroVironment by 47.4% during the 3rd quarter. NBC Securities Inc. now owns 432 shares of the aerospace company’s stock worth $86,000 after purchasing an additional 139 shares in the last quarter. 86.38% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other AeroVironment news, CFO Kevin Patrick Mcdonnell sold 878 shares of the company’s stock in a transaction dated Tuesday, October 1st. The shares were sold at an average price of $210.54, for a total value of $184,854.12. Following the completion of the transaction, the chief financial officer now directly owns 17,376 shares of the company’s stock, valued at $3,658,343.04. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Insiders have sold 1,787 shares of company stock worth $352,178 over the last 90 days. Company insiders own 1.40% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on AVAV shares. Royal Bank of Canada decreased their price target on shares of AeroVironment from $230.00 to $215.00 and set an “outperform” rating on the stock in a research note on Thursday, September 5th. Robert W. Baird raised 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. BTIG Research reaffirmed a “buy” rating and set a $245.00 price objective on shares of AeroVironment in a research note on Tuesday, September 17th. Raymond James cut shares of AeroVironment from an “outperform” rating to a “market perform” rating in a research report on Monday, September 16th. Finally, Alembic Global Advisors upgraded shares of AeroVironment from a “neutral” rating to an “overweight” rating and set a $216.00 price target on the stock in a report on Wednesday, August 28th. One research analyst has rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, AeroVironment currently has an average rating of “Buy” and an average price target of $208.20.

AeroVironment Stock Up 2.4 %

AeroVironment stock traded up $5.25 during trading on Friday, reaching $220.90. 182,474 shares of the company’s stock were exchanged, compared to its average volume of 339,059. AeroVironment, Inc. has a 52-week low of $112.28 and a 52-week high of $227.18. The firm has a market cap of $6.21 billion, a price-to-earnings ratio of 99.50 and a beta of 0.50. The company has a debt-to-equity ratio of 0.01, a quick ratio of 3.04 and a current ratio of 4.26. The company’s 50-day moving average is $197.69 and its two-hundred day moving average is $186.06.

AeroVironment (NASDAQ:AVAV) last issued its earnings results on Wednesday, September 4th. The aerospace company reported $0.89 earnings per share for the quarter, topping the consensus estimate of $0.61 by $0.28. The company 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 company’s revenue was up 24.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.00 earnings per share. On average, analysts predict that AeroVironment, Inc. will post 3.36 earnings per share for the current year.

AeroVironment 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.