AeroVironment, Inc. (NASDAQ:AVAV) Shares Acquired by American International Group Inc.

American International Group Inc. increased its position in AeroVironment, Inc. (NASDAQ:AVAV – Free Report) by 3.1% in the first quarter, according to its most recent SEC filing. The institutional investor owned 14,617 shares of the aerospace company after purchasing an additional 444 shares during the period. American International Group Inc. owned 0.05% of AeroVironment worth $2,240,000 at the end of the most recent reporting period.

Other hedge funds and institutional investors have also recently bought and sold shares of the company. BNP Paribas Financial Markets increased its position in shares of AeroVironment by 160.7% in the 4th quarter. BNP Paribas Financial Markets now owns 90,946 shares of the aerospace company’s stock worth $11,463,000 after acquiring an additional 56,062 shares in the last quarter. Congress Asset Management Co. MA increased its holdings in shares of AeroVironment by 5.9% in the fourth quarter. Congress Asset Management Co. MA now owns 322,445 shares of the aerospace company’s stock worth $40,641,000 after purchasing an additional 17,985 shares during the period. Janney Montgomery Scott LLC increased its position in shares of AeroVironment by 119.6% in the 4th quarter. Janney Montgomery Scott LLC now owns 13,717 shares of the aerospace company’s stock worth $1,729,000 after purchasing an additional 7,470 shares in the last quarter. Avantax Advisory Services Inc. increased its holdings in AeroVironment by 2.6% in the 4th quarter. Avantax Advisory Services Inc. now owns 3,813 shares of the aerospace company’s stock worth $481,000 after purchasing an additional 95 shares during the period. Finally, GAMMA Investing LLC increased its position in shares of AeroVironment by 50.2% in the 1st quarter. GAMMA Investing LLC now owns 401 shares of the aerospace company’s stock worth $61,000 after purchasing an additional 134 shares in the last quarter. 86.38% of the shares are held by institutional investors.

AeroVironment shares rise 0.8%

AVAV opened at $175.15 on Tuesday. The stock has a market cap of $4.93 billion, a price/earnings ratio of 78.90 and a beta of 0.51. The stock’s 50-day moving average price is $188.79 and its 200-day moving average price is $161.33. AeroVironment, Inc. has a 12-month low of $91.25 and a 12-month high of $224.00. The company has a debt-to-equity ratio of 0.02, a current ratio of 3.56 and a quick ratio of 2.52.

AeroVironment (NASDAQ:AVAV – Get Free Report) last announced its earnings results on Wednesday, June 26. The aerospace company reported $0.43 EPS for the quarter, topping the consensus estimate of $0.22 by $0.21. AeroVironment had a return on equity of 10.89% and a net margin of 8.32%. The company had revenue of $197.00 million for the quarter, compared to analysts’ expectations of $188.48 million. In the year-ago quarter, the company earned $0.99 EPS. The company’s quarterly revenue increased 5.9% compared to the same quarter last year. As a group, research analysts predict that AeroVironment, Inc. will post 3.41 EPS for the current year.

Wall Street analysts weigh in

A number of equities analysts have issued reports on the stock. Royal Bank of Canada reissued an “outperform” rating and a $200.00 price target on shares of AeroVironment in a report on Thursday, June 27. BTIG Research initiated coverage on AeroVironment in a research report on Wednesday, June 26. They set a “buy” rating and a $255.00 price target for the company. Three equities analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, the firm has an average rating of “Moderate Buy” and an average price target of $175.20.

Read our latest analysis on AeroVironment

Insider buying and selling

In other news, CFO Kevin Patrick Mcdonnell sold 511 shares of the company’s stock in a transaction dated Monday, July 1. The shares were sold at an average price of $178.45, for a total transaction of $91,187.95. Following the completion of the transaction, the chief financial officer now owns 21,334 shares of the company’s stock, valued at approximately $3,807,052.30. The transaction was disclosed in a legal filing with the SEC, which is available on the SEC’s website. In other news, CFO Kevin Patrick Mcdonnell sold 511 shares of the company’s stock in a transaction dated Monday, July 1. The shares were sold at an average price of $178.45, for a total transaction of $91,187.95. Following the completion of the sale, the chief financial officer now directly owns 21,334 shares of the company’s stock, valued at approximately $3,807,052.30. The transaction was disclosed in a filing with the SEC, which can be accessed via this hyperlink. Also, CEO Wahid Nawabi sold 9,867 shares of the company’s stock in a transaction on Friday, July 5th. The shares were sold at an average price of $169.23, for a total value of $1,669,792.41. Following the sale, the chief executive officer now directly owns 99,892 shares of the company’s stock, valued at $16,904,723.16. The disclosure for this sale can be found here. 1.40% of the shares are held by company insiders.

Company Profile AeroVironment

(Free Report)

AeroVironment, Inc. designs, develops, manufactures, supplies and supports a portfolio of robotic systems and related services for government agencies and enterprises 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.

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