Avantax Advisory Services Inc. Purchases 95 Shares of AeroVironment, Inc. (NASDAQ:AVAV)

Avantax Advisory Services Inc. increased its position in AeroVironment, Inc. (NASDAQ:AVAV) by 2.6% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 3,813 shares of the aerospace company’s stock after acquiring an additional 95 shares during the period. Avantax Advisory Services Inc.’s holdings in AeroVironment were worth $481,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Bfsg LLC purchased a new position in shares of AeroVironment in the fourth quarter worth $25,000. GAMMA Investing LLC bought a new stake in AeroVironment in the 4th quarter worth about $32,000. Russell Investments Group Ltd. purchased a new position in AeroVironment in the 4th quarter worth about $39,000. Arcadia Investment Management Corp MI lifted its stake in AeroVironment by 44.1% during the 4th quarter. Arcadia Investment Management Corp MI now owns 327 shares of the aerospace company’s stock valued at $41,000 after acquiring an additional 100 shares during the period. Finally, RiverPark Advisors LLC boosted its holdings in shares of 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 acquiring an additional 169 shares during the last quarter. 86.38% of the stock is owned by institutional investors.

Insider Transactions at AeroVironment

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

AeroVironment Stock Down 0.3 %

Shares of AVAV stock opened at $196.18 on Thursday. The company has a current ratio of 4.66, a quick ratio of 3.16 and a debt-to-equity ratio of 0.04. AeroVironment, Inc. has a 12 month low of $88.24 and a 12 month high of $198.96. The stock has a market cap of $5.52 billion, a P/E ratio of -45.52 and a beta of 0.44. The company has a 50 day simple moving average of $161.72 and a two-hundred day simple moving average of $140.53.

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

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on AVAV. William Blair reissued an “outperform” rating on shares of AeroVironment in a report on Tuesday, March 5th. Royal Bank of Canada boosted their target price on shares of 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 restated a “neutral” rating and issued a $161.00 price target on shares of AeroVironment in a research note on Friday, March 8th. Three analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $140.20.

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.