Russell Investments Group Ltd. held its stake in AeroVironment, Inc. (NASDAQ:AVAV) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 29,833 shares of the aerospace company’s stock at the close of the second quarter. Russell Investments Group Ltd. owned approximately 0.13% of AeroVironment worth $1,139,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other hedge funds have also modified their holdings of AVAV. Teachers Advisors LLC raised its stake in shares of AeroVironment by 6.4% during the 4th quarter. Teachers Advisors LLC now owns 35,318 shares of the aerospace company’s stock worth $948,000 after buying an additional 2,113 shares in the last quarter. Louisiana State Employees Retirement System raised its stake in shares of AeroVironment by 1.2% during the 1st quarter. Louisiana State Employees Retirement System now owns 8,400 shares of the aerospace company’s stock worth $235,000 after buying an additional 100 shares in the last quarter. Great West Life Assurance Co. Can raised its stake in shares of AeroVironment by 6.8% during the 1st quarter. Great West Life Assurance Co. Can now owns 28,480 shares of the aerospace company’s stock worth $798,000 after buying an additional 1,815 shares in the last quarter. Eqis Capital Management Inc. purchased a new position in shares of AeroVironment during the 1st quarter worth approximately $211,000. Finally, US Bancorp DE raised its stake in shares of AeroVironment by 35.9% during the 1st quarter. US Bancorp DE now owns 14,657 shares of the aerospace company’s stock worth $411,000 after buying an additional 3,869 shares in the last quarter. 77.55% of the stock is owned by institutional investors and hedge funds.
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A number of equities analysts have recently issued reports on the company. Piper Jaffray Companies reissued a “neutral” rating and set a $36.00 target price on shares of AeroVironment in a research note on Thursday, August 31st. Canaccord Genuity increased their target price on AeroVironment from $35.00 to $40.00 and gave the stock a “hold” rating in a research note on Wednesday, August 30th. Jefferies Group LLC increased their target price on AeroVironment from $29.00 to $37.00 and gave the stock a “hold” rating in a research note on Wednesday, August 30th. Robert W. Baird reissued a “hold” rating and set a $35.00 target price on shares of AeroVironment in a research note on Monday, August 28th. Finally, BidaskClub downgraded AeroVironment from a “buy” rating to a “hold” rating in a research note on Wednesday, August 16th. Six equities research analysts have rated the stock with a hold rating and one has given a strong buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $38.00.
Shares of AeroVironment, Inc. (AVAV) traded up 0.49% during midday trading on Tuesday, reaching $48.90. The company’s stock had a trading volume of 128,489 shares. The stock’s 50 day moving average is $40.29 and its 200 day moving average is $33.10. AeroVironment, Inc. has a 12 month low of $22.16 and a 12 month high of $51.04. The stock has a market capitalization of $1.14 billion, a PE ratio of 57.60 and a beta of 1.26.
AeroVironment (NASDAQ:AVAV) last posted its quarterly earnings results on Tuesday, August 29th. The aerospace company reported ($0.19) earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.34) by $0.15. The company had revenue of $43.80 million for the quarter, compared to analysts’ expectations of $42.44 million. AeroVironment had a return on equity of 5.40% and a net margin of 7.22%. The firm’s revenue was up 21.0% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.51) earnings per share. On average, analysts forecast that AeroVironment, Inc. will post $0.61 EPS for the current fiscal year.
In other AeroVironment news, VP Kenneth D. Karklin sold 735 shares of the company’s stock in a transaction on Friday, July 14th. The stock was sold at an average price of $39.57, for a total value of $29,083.95. Following the transaction, the vice president now owns 9,437 shares of the company’s stock, valued at $373,422.09. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Chairman Timothy E. Conver sold 7,600 shares of the company’s stock in a transaction on Friday, September 8th. The shares were sold at an average price of $49.14, for a total value of $373,464.00. Following the completion of the transaction, the chairman now directly owns 58,138 shares in the company, valued at approximately $2,856,901.32. The disclosure for this sale can be found here. Insiders sold 83,097 shares of company stock worth $3,280,965 in the last ninety days. 11.00% of the stock is owned by corporate insiders.
AeroVironment, Inc designs, develops, produces, supports and operates a portfolio of products and services for government agencies, businesses and consumers. The Company operates through two segments: Unmanned Aircraft Systems (UAS), which focuses primarily on the design, development, production, support and operation of UAS and tactical missile systems that provide situational awareness, multi-band communications, force protection and other mission effects, and Efficient Energy Systems (EES), which focuses primarily on the design, development, production, marketing, support and operation of electric energy systems.
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