SteelPeak Wealth LLC Purchases 5,535 Shares of AeroVironment, Inc. (NASDAQ:AVAV)

SteelPeak Wealth LLC lifted its position in AeroVironment, Inc. (NASDAQ:AVAV) by 69.0% in the 1st quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 13,555 shares of the aerospace company’s stock after acquiring an additional 5,535 shares during the period. SteelPeak Wealth LLC’s holdings in AeroVironment were worth $2,078,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. HighTower Advisors LLC grew its stake in shares of AeroVironment by 29.9% in the 3rd quarter. HighTower Advisors LLC now owns 4,583 shares of the aerospace company’s stock worth $513,000 after buying an additional 1,055 shares during the last quarter. FMR LLC grew its stake in shares of AeroVironment by 0.6% in the 3rd quarter. FMR LLC now owns 492,766 shares of the aerospace company’s stock worth $54,958,000 after buying an additional 3,122 shares during the last quarter. Invesco Ltd. grew its stake in shares of AeroVironment by 6.5% in the 3rd quarter. Invesco Ltd. now owns 232,585 shares of the aerospace company’s stock worth $25,940,000 after buying an additional 14,193 shares during the last quarter. Northern Trust Corp grew its stake in shares of AeroVironment by 3.2% in the 3rd quarter. Northern Trust Corp now owns 280,165 shares of the aerospace company’s stock worth $31,247,000 after buying an additional 8,666 shares during the last quarter. Finally, Quadrature Capital Ltd grew its stake in shares of AeroVironment by 273.6% in the 3rd quarter. Quadrature Capital Ltd now owns 55,184 shares of the aerospace company’s stock worth $6,151,000 after buying an additional 40,415 shares during the last quarter. Institutional investors own 86.38% of the company’s stock.

Analyst Ratings Changes

Several analysts recently weighed in on the company. 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. William Blair restated an “outperform” rating on shares of AeroVironment in a research note on Tuesday, March 5th. Royal Bank of Canada reiterated an “outperform” rating and set a $200.00 target price on shares of AeroVironment in a research note on Thursday. Finally, BTIG Research began coverage on AeroVironment in a research note on Wednesday, June 26th. They set a “buy” rating and a $255.00 target price on the stock. Three analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat, AeroVironment currently has a consensus rating of “Moderate Buy” and a consensus price target of $175.20.

AeroVironment Stock Performance

Shares of AVAV opened at $182.16 on Monday. The business’s fifty day simple moving average is $190.43 and its two-hundred day simple moving average is $154.57. The company has a current ratio of 3.56, a quick ratio of 3.16 and a debt-to-equity ratio of 0.02. AeroVironment, Inc. has a 12 month low of $91.00 and a 12 month high of $224.00. The company has a market cap of $5.13 billion, a price-to-earnings ratio of 82.05 and a beta of 0.46.

AeroVironment (NASDAQ:AVAV) last released its quarterly earnings results on Wednesday, June 26th. The aerospace company reported $0.43 earnings per share for the quarter, beating the consensus estimate of $0.22 by $0.21. The firm had revenue of $197.00 million for the quarter, compared to analysts’ expectations of $188.48 million. AeroVironment had a return on equity of 10.89% and a net margin of 8.32%. The company’s revenue was up 5.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.99 EPS. Research analysts anticipate that AeroVironment, Inc. will post 3.36 earnings per share for the current fiscal year.

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.