Angeles Wealth Management LLC Takes $780,000 Position in AeroVironment, Inc. (NASDAQ:AVAV)

Angeles Wealth Management LLC acquired a new stake in AeroVironment, Inc. (NASDAQ:AVAV) during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor acquired 3,892 shares of the aerospace company’s stock, valued at approximately $780,000.

Several other large investors also recently modified their holdings of the stock. Emerald Advisers LLC grew its stake in shares of AeroVironment by 10.2% in the 3rd quarter. Emerald Advisers LLC now owns 217,666 shares of the aerospace company’s stock valued at $43,642,000 after purchasing an additional 20,207 shares during the period. Van ECK Associates Corp grew its stake in shares of AeroVironment by 26.4% in the 3rd quarter. Van ECK Associates Corp now owns 142,733 shares of the aerospace company’s stock valued at $30,642,000 after purchasing an additional 29,820 shares during the period. Janney Montgomery Scott LLC grew its stake in shares of AeroVironment by 6.2% in the 3rd quarter. Janney Montgomery Scott LLC now owns 17,808 shares of the aerospace company’s stock valued at $3,571,000 after purchasing an additional 1,047 shares during the period. Emerald Mutual Fund Advisers Trust grew its stake in shares of AeroVironment by 3.1% in the 3rd quarter. Emerald Mutual Fund Advisers Trust now owns 163,939 shares of the aerospace company’s stock valued at $32,870,000 after purchasing an additional 4,971 shares during the period. Finally, Arcadia Investment Management Corp MI grew its stake in shares of AeroVironment by 23.1% in the 3rd quarter. Arcadia Investment Management Corp MI now owns 400 shares of the aerospace company’s stock valued at $80,000 after purchasing an additional 75 shares during the period. 86.38% of the stock is currently owned by institutional investors.

AeroVironment Trading Up 0.5 %

NASDAQ:AVAV traded up $1.04 during trading hours on Friday, hitting $216.00. 168,731 shares of the stock were exchanged, compared to its average volume of 335,208. The company’s 50 day moving average is $200.78 and its two-hundred day moving average is $188.49. AeroVironment, Inc. has a twelve month low of $116.51 and a twelve month high of $227.18. The company has a quick ratio of 3.04, a current ratio of 4.26 and a debt-to-equity ratio of 0.01. The company has a market capitalization of $6.09 billion, a P/E ratio of 101.41 and a beta of 0.49.

AeroVironment (NASDAQ:AVAV) last posted its quarterly earnings data on Wednesday, September 4th. The aerospace company reported $0.89 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.61 by $0.28. AeroVironment had a return on equity of 9.87% and a net margin of 7.82%. The firm had revenue of $189.48 million for the quarter, compared to the consensus estimate of $183.18 million. During the same quarter in the prior year, the business earned $1.00 EPS. The business’s revenue for the quarter was up 24.4% compared to the same quarter last year. On average, sell-side analysts anticipate that AeroVironment, Inc. will post 3.36 earnings per share for the current fiscal year.

Insider Activity

In other news, CFO Kevin Patrick Mcdonnell sold 878 shares of the stock in a transaction on Tuesday, October 1st. The stock was sold at an average price of $210.54, for a total value of $184,854.12. Following the transaction, the chief financial officer now 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 document filed with the SEC, which is available through this hyperlink. 1.27% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on AVAV shares. Robert W. Baird upgraded AeroVironment from a “neutral” rating to an “outperform” rating and upped their price objective for the company from $161.00 to $220.00 in a research note on Wednesday, August 28th. Royal Bank of Canada reduced their target price on AeroVironment from $230.00 to $215.00 and set an “outperform” rating on the stock in a report on Thursday, September 5th. Raymond James downgraded AeroVironment from an “outperform” rating to a “market perform” rating in a report on Monday, September 16th. Baird R W raised AeroVironment from a “hold” rating to a “strong-buy” rating in a report on Wednesday, August 28th. Finally, BTIG Research reissued a “buy” rating and issued a $245.00 target price on shares of AeroVironment in a report on Tuesday, September 17th. One equities 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 stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average target price of $208.20.

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.