Evergreen Capital Management LLC Acquires 330 Shares of AeroVironment, Inc. (NASDAQ:AVAV)

Evergreen Capital Management LLC raised its stake in shares of AeroVironment, Inc. (NASDAQ:AVAV) by 17.7% during the 2nd quarter, according to its most recent filing with the SEC. The firm owned 2,190 shares of the aerospace company’s stock after acquiring an additional 330 shares during the period. Evergreen Capital Management LLC’s holdings in AeroVironment were worth $399,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. NBC Securities Inc. purchased a new position in shares of AeroVironment during the first quarter valued at approximately $26,000. Canada Pension Plan Investment Board bought a new stake in AeroVironment in the 2nd quarter worth approximately $36,000. Harel Insurance Investments & Financial Services Ltd. purchased a new stake in AeroVironment during the 1st quarter valued at $38,000. GAMMA Investing LLC lifted its holdings in shares of AeroVironment by 50.2% during the 1st quarter. GAMMA Investing LLC now owns 401 shares of the aerospace company’s stock valued at $61,000 after buying an additional 134 shares during the period. Finally, Register Financial Advisors LLC purchased a new position in shares of AeroVironment in the 1st quarter worth $61,000. Hedge funds and other institutional investors own 86.38% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently commented 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 report on Wednesday, August 28th. Royal Bank of Canada reduced their price target on shares of AeroVironment from $230.00 to $215.00 and set an “outperform” rating for the company in a research report on Thursday, September 5th. Raymond James downgraded shares of AeroVironment from an “outperform” rating to a “market perform” rating in a report on Monday, September 16th. BTIG Research reaffirmed a “buy” rating and set a $245.00 target price on shares of AeroVironment in a report on Tuesday, September 17th. Finally, Baird R W upgraded shares of AeroVironment from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, August 28th. Two research analysts have rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $208.20.

AeroVironment Stock Down 1.0 %

AVAV stock opened at $194.70 on Friday. The business’s 50-day moving average price is $182.15 and its 200-day moving average price is $177.29. The stock has a market cap of $5.49 billion, a P/E ratio of 87.70 and a beta of 0.50. AeroVironment, Inc. has a twelve month low of $104.67 and a twelve month high of $224.00. The company has a quick ratio of 3.04, a current ratio of 4.26 and a debt-to-equity ratio of 0.01.

AeroVironment (NASDAQ:AVAV) last issued its quarterly earnings results on Wednesday, September 4th. The aerospace company reported $0.89 earnings per share for the quarter, beating the consensus estimate of $0.61 by $0.28. The business had revenue of $189.48 million for the quarter, compared to the consensus estimate of $183.18 million. AeroVironment had a net margin of 7.82% and a return on equity of 9.87%. The company’s revenue for the quarter was up 24.4% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.00 earnings per share. On average, equities research analysts forecast that AeroVironment, Inc. will post 3.29 EPS for the current year.

Insider Buying and Selling

In other AeroVironment news, CEO Wahid Nawabi sold 9,867 shares of the firm’s stock in a transaction dated Friday, July 5th. The stock was sold at an average price of $169.23, for a total transaction 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 transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other AeroVironment news, CEO Wahid Nawabi sold 9,867 shares of the stock in a transaction that occurred on Friday, July 5th. The shares were sold at an average price of $169.23, for a total transaction of $1,669,792.41. Following the completion of the sale, the chief executive officer now directly owns 99,892 shares of the company’s stock, valued at approximately $16,904,723.16. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Kevin Patrick Mcdonnell sold 513 shares of AeroVironment stock in a transaction that occurred on Thursday, August 1st. The shares were sold at an average price of $174.70, for a total transaction of $89,621.10. Following the sale, the chief financial officer now owns 18,650 shares in the company, valued at approximately $3,258,155. The disclosure for this sale can be found here. In the last quarter, insiders sold 11,287 shares of company stock valued at $1,928,305. Company insiders own 1.40% of the company’s stock.

AeroVironment Company 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.