Oppenheimer & Co. Inc. Buys 2,526 Shares of AeroVironment, Inc. (NASDAQ:AVAV)

Oppenheimer & Co. Inc. increased its stake in AeroVironment, Inc. (NASDAQ:AVAV) by 26.3% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 12,138 shares of the aerospace company’s stock after purchasing an additional 2,526 shares during the period. Oppenheimer & Co. Inc.’s holdings in AeroVironment were worth $2,434,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the company. Security National Bank bought a new stake in shares of AeroVironment during the third quarter worth $31,000. Canada Pension Plan Investment Board acquired a new stake in AeroVironment in the second quarter worth about $36,000. Arcadia Investment Management Corp MI raised its holdings in AeroVironment by 23.1% during the 3rd quarter. Arcadia Investment Management Corp MI now owns 400 shares of the aerospace company’s stock worth $80,000 after purchasing an additional 75 shares during the last quarter. NBC Securities Inc. lifted its position in AeroVironment by 47.4% during the 3rd quarter. NBC Securities Inc. now owns 432 shares of the aerospace company’s stock valued at $86,000 after purchasing an additional 139 shares during the period. Finally, DT Investment Partners LLC bought a new position in shares of AeroVironment in the 2nd quarter valued at about $95,000. Institutional investors and hedge funds own 86.38% of the company’s stock.

AeroVironment Price Performance

NASDAQ AVAV opened at $200.06 on Friday. The company has a debt-to-equity ratio of 0.01, a quick ratio of 3.04 and a current ratio of 4.26. AeroVironment, Inc. has a 52-week low of $116.51 and a 52-week high of $236.60. The business has a 50 day simple moving average of $206.15 and a 200 day simple moving average of $193.21. The stock has a market cap of $5.64 billion, a price-to-earnings ratio of 93.92 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 EPS 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 analysts’ expectations of $183.18 million. AeroVironment had a net margin of 7.82% and a return on equity of 9.87%. The firm’s revenue was up 24.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.00 EPS. Analysts anticipate that AeroVironment, Inc. will post 3.36 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, CFO Kevin Patrick Mcdonnell sold 878 shares of the business’s stock in a transaction on Tuesday, October 1st. The shares were sold at an average price of $210.54, for a total value of $184,854.12. Following the sale, the chief financial officer now owns 17,376 shares of the company’s stock, valued at $3,658,343.04. The trade was a 4.81 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Over the last three months, insiders sold 1,782 shares of company stock worth $372,615. 1.27% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the stock. Baird R W raised shares of AeroVironment from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, August 28th. Royal Bank of Canada cut their price target on AeroVironment from $230.00 to $215.00 and set an “outperform” rating on the stock in a research note on Thursday, September 5th. Jefferies Financial Group cut AeroVironment from a “buy” rating to a “hold” rating and set a $240.00 price objective for the company. in a research note on Tuesday, November 12th. Robert W. Baird raised AeroVironment from a “neutral” rating to an “outperform” rating and increased their target price for the company from $161.00 to $220.00 in a research note on Wednesday, August 28th. Finally, BTIG Research restated a “buy” rating and set a $245.00 target price on shares of AeroVironment in a research report on Tuesday, September 17th. Two investment 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. Based on data from MarketBeat.com, AeroVironment currently has a consensus rating of “Moderate Buy” and an average target price of $213.50.

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.